Tag: Nigeria oil production

Global Oil Prices Fall as Trump Signals Iran Peace Deal, Nigeria Exceeds OPEC Quota

Business Damilola Bayonle -
Global oil prices fell sharply on Thursday after United States President Donald Trump announced that planned military strikes against...

OPEC+ plans May output increase but global supply disruptions threaten impact

Business Damilola Bayonle -
Global oil markets are entering a period of heightened volatility as producers attempt to stabilise supply amid deepening geopolitical...

FG fast-tracks dormant oil wells revival as Nigeria targets higher crude output amid price surge

Business Damilola Bayonle -
Nigeria is intensifying efforts to recover lost crude output and capitalise on favourable oil prices, as regulators move to...

Nigeria targets fresh oil output boost as NNPCL eyes 100,000bpd increase amid global supply pressure

Business Damilola Bayonle -
Nigeria is projecting a near-term boost in crude oil production as reforms within its energy sector begin to yield...

Oil Boom Window Opens: Nigeria Urges Operators to Boost Production as Prices Surge

Business Damilola Bayonle -
Nigeria’s oil and gas sector is once again at a critical crossroads, as rising global crude prices create a...

NNPC reports N385bn profit as Nigeria’s oil production climbs to 1.64mbpd

Business Damilola Bayonle -
NNPC Posts N385bn Profit as Oil Output Rises Nigeria’s national oil company, the Nigerian National Petroleum Company Limited, has reported...

Nigeria misses OPEC target for six straight months, loses N1.76tn in potential oil revenue

Business Damilola Bayonle -
Nigeria loses N1.76tn after missing OPEC target amid production shortfalls Nigeria’s oil-dependent economy forfeited an estimated N1.76tn in potential revenue...

Nigeria falls short of OPEC oil target again as January output drops to 1.48mbpd

Business Damilola Bayonle -
Nigeria misses OPEC oil production quota for sixth straight month Nigeria misses OPEC oil production quota for sixth straight month,...

Oil output averages 1.46mbpd as Nigeria misses OPEC target and budget projections

Business Damilola Bayonle -
Nigeria’s crude oil sector recorded a mixed performance between January and October 2025, as production data released by the...

NUPRC approves $20bn field development plans in 10 months as Nigeria targets higher oil output

Business Damilola Bayonle -
A renewed effort to revitalise Nigeria’s upstream petroleum sector, the Nigerian Upstream Petroleum Regulatory Commission has approved about $20bn...

Shocking reason Nigeria’s crude oil production fell below OPEC quota — NUPRC

Business Damilola Bayonle -
Nigeria’s crude oil production output fell below the Organisation of Petroleum Exporting Countries’ (OPEC) assigned quota in August 2025,...

Nigeria’s crude output falls sharply below OPEC quota again

Business Damilola Bayonle -
Nigeria’s crude output slips below OPEC quota once again, marking a setback after two months of strong performance that...