The freshly installed chief executive of NNPC, Nigeria’s state oil corporation, has vowed to attract up to $60 billion of ...

Currently, Nigeria’s oil production has stagnated at 1.5 million barrels per day despite a budget benchmark of 2.1 million barrels per day for 2025. Lokpobiri expressed confidence that the ...

The Federal Government has tasked indigenous oil companies to ramp up production in order to meet both domestic and export demands. The Minister of State Petroleum Resources (Oil), Senator ...

Nigeria’s Minister of Finance and Coordinating ... diversify the economy, improve oil production, maximise costs, and stay within the constitutional threshold for budgetary allocations.

Nigerians have strongly criticized energy analyst Daniel Dayo Kunle, popularly known as Dan Kunle, following his recent ...

To sustain its steady growth in return on investment (ROI) and keep it above inflation, Wema Bank Plc will adopt a strategic, cautious, and conservative approach to the volatility in the foreign ...

On the global stage, crude oil markets have also staged a recovery ... per barrel—driven by a combination of OPEC+ production cuts, fresh U.S. sanctions on Iran, and encouraging macroeconomic data.

South Sudan has a downward revision of 31.5 percentage points for 2025 on account of the delay in the resumption of oil production from a damaged pipeline.” On a more positive note, Nigeria’s ...

The survey provided a unified and urgent message to the Nigerian government and its oil ... Nigeria still needed to prove consistency in implementation. He stated that exploration and production ...