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...

Nigeria Oil Output Drops 6.8% to 1.23 mbpd as Libya Emerges Africa's Highest Producer Libya has emerged as the highest crude oil producer in Africa following the drop of Nigeria’s output by 6.8 per cent to 1.23 million barrels per day in March 2024, from...