Price Drop Threatens Nigeria's Capital Projects Despite OPEC Quota Compliance
The Federal Government’s ability to meet up with its targeted revenue of N41trn to foot the 2025 budget is becoming a tall order with the instability in the global price of oil.
This is even as...
Lokpobiri Reassures Commitment to OPEC Despite Rising Oil Output
The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has assured that Nigeria remains fully committed to the rules of the Organisation of Petroleum Exporting Countries despite recent gains in crude oil output.
Lokpobiri said...
According to a report by the Organisation of the Petroleum Exporting Countries (OPEC), Nigeria’s average daily crude production rose to 1,507,000 barrels per day in July,
Again, Nigeria’s Crude Exceeds OPEC's Target, Hits 1.5mbpd in July
Nigeria’s average daily crude oil production rose to 1.507 million barrels per day (bpd) in July 2025.
According to the Organization of the Petroleum Exporting Countries’ (OPEC) latest Monthly Oil Market Report.
This means that the country...
The Nigerian National Petroleum Company (NNPC) Limited has reported a sharp decline in oil revenues in June, falling to the lowest point in three months as global crude prices remain unstable.
Nigeria’s Crude Output Surpasses OPEC Quota in June - NNPCL
Nigeria’s average daily crude oil production in June 2025 exceeded the limit set by the Organisation of the Petroleum Exporting Countries (OPEC), marking a significant boost in the nation’s oil output
For the second time in...
