New Energy in Namibia, Ivory Coast, Others Dim Nigeria's Oil Investment - Report  In a report by African Energy Chamber, Nigeria's spot on investors' radar screens has dimmed significantly as investors attention is increasingly drawn to new and emerging developments in Namibia, Ivory Coast, Angola,...

Crude Oil: Nigeria’s Average Daily Production Stands at 1.6mb – NUPRC The chief executive officer (CEO) of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, says the country’s average daily production stood at 1.6 million barrels per day (mbpd) as of July 23. Komolafe spoke...

Oil Production Increases by 25,000 barrels per day – OPEC The Organisation of the Petroleum Exporting Countries (OPEC) says Nigeria’s daily oil production rose by 25,000 barrels per day, increasing from 1.251 million barrels per day in May to 1.276mbpd in July. It disclosed this in...

Daily Oil Production Drops to 1.25mbpd – OPEC Nigeria’s daily oil production dipped further to 1.25 million barrels per day in May, a report by the Organisation of the Petroleum Exporting Countries (OPEC) has said. This is despite the claim by the Federal Government and the...

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...