Nigeria oil production 2025
Oil Prices Dip as OPEC+ Approves Output Increase
Global crude oil prices dropped sharply on Monday following the decision by the OPEC+ alliance to increase oil output in September, stoking fears of oversupply amid weakening fuel demand in the United States. The move, while anticipated by industry analysts, has injected renewed volatility into an already fragile oil market. Brent crude futures dropped by […]
Nigeria’s Economy Expands by 3.13% in Q1 2025, Says NBS
Nigeria’s economy expanded by 3.13 per cent year-on-year in real terms in the first quarter (Q1) of 2025, according to the latest Gross Domestic Product (GDP) report released by the National Bureau of Statistics (NBS). This marks a significant improvement over the 2.27 per cent growth recorded in Q1 2024, indicating sustained recovery despite persistent […]