OPEC Pegs Nigeria’s Crude Oil Production Quota for 2025 at 1.5mbpd
The Joint Ministerial Monitoring Committee (JMMC) of the Organisation of Petroleum Exporting Countries and its allies (OPEC+) has pegged Nigeria’s crude oil production quota for 2024 at 1.5 million barrels daily.
This was disclosed in...
AfDB Projects Nigeria’s Growth Rate to Increase 4.4% In 2025
The growth rate of Nigeria and other West African countries is projected to rise from an estimated 3.6 per cent in 2023 to 4.2 and 4.4 per cent in 2024/2025.
The African Development Bank (AfDB) Vice-President...
Oil Production Inches Towards 1.7mbpd – NNPC
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, says Nigeria’s oil production was inching towards 1.7mbpd as of Saturday from 1.28 million barrels per day in April,
This is as the NNPCL...
Nigeria’s Oil Output Recovers, Rises 1.28 mbpd after March Drop - OPEC
The Organisation of the Petroleum Exporting Countries says that Nigeria's dwindling daily oil production turned a corner in April, increasing marginally from 1.23 million barrels per day in March to 1.28 million barrels...
Energy and Transition Realities, by Haitham Al Ghais
The energy transition as a concept is itself in need of a transition.
We must move beyond the blinkered view that this is about substituting energy sources, that hydrocarbons should be consigned to the past and that recent...
Crude Oil: N720bn Lost to Lower Production in Eight weeks – Report
Nigeria lost about N720bn in revenue as a result of the consecutive monthly decline in its crude oil production in February and March 2024.
Also, the country’s inability to ramp up production in these...
