Oil Production
Nigeria Records 3.7% Economic Growth in First Half of 2025 – Report
Nigeria’s economy has recorded a 3.7 percent year-on-year growth in the first half of 2025, buoyed by increased crude oil production and improved business activity in key sectors, according to the latest Stanbic IBTC Bank Purchasing Managers’ Index (PMI) report released on Tuesday. The report, compiled by S&P Global, offers encouraging signs for the economy […]
OPEC+ to Boost Oil Production Amid Price Slump
Despite oil prices hovering around $60, OPEC+ is expected to further increase production, driven by pressure from US President Donald Trump and Saudi Arabia’s efforts to penalize quota violators within the cartel. The group, comprising 22 countries heavily reliant on oil revenues, will hold two meetings this week – an online gathering with all members […]
Police Deploy Forces to Crush Militants Disrupting Oil Production
The Rivers State Police Command has vowed to crush militants threatening to disrupt oil production in the state. The threat comes amid the ongoing political crisis in the state, which has seen a militant group, the Niger Delta Rescue Movement, issue an ultimatum to the federal government to intervene in the crisis. The militant group, […]