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...

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...