Nigeria has set an ambitious target of 2.5 million barrels of oil per day by the end of the year, backed by Exxon’s $1.5 ...

OPEC said Nigeria produced 1.51 million bpd in March as against 1.54 million bpd in February. "Total DoC crude oil production averaged 41.02 mb/d in March 2025, which is 37 tb/d lower, m-o-m ...

Nigeria's Renaissance Africa Energy Co. Ltd has halted oil shipments via its Okordia-Rumuekpe pipeline in the coastal Rivers state following a spill, the independent oil firm said on Tuesday.

The Federal Government has vowed to continue to encourage the development and sustainability of oil and gas local content production ... are now springing up in Nigeria. But what is more important ...

The Federal Government on Wednesday directed the management of the Nigerian National Petroleum Company Ltd. (NNPCL) to increase oil production ... the News Agency of Nigeria (NAN) at the Africa ...

Cocoa settled at $9,187 per ton at the New York Commodity Exchange as Africa's most populous country, Nigeria, seeks to ...

ExxonMobil is raring to complete the process that will formalise a new $1.5 billion deepwater investment in Nigeria, and so has arranged for a final investment decision (FID) to be made at most by ...

Shell Nigeria Exploration and Production Company (SNEPCo) has been named Major Oil Company of the Year for 2023. The award, presented by Nigerian publication Energy Times, recognises SNEPCo’s ...

Although ranks first in Africa in oil production, Nigeria often faces a shortage of fuel for sale and long queues at gas stations HARARE, April 15. /TASS/. Nigeria plans to establish a national ...

In summary, Nigeria’s 2025 budget is heavily reliant on oil revenues, but challenges to oil production and a decline in global oil prices raise concerns about the budget’s feasibility and ...

The freshly installed chief executive of NNPC, Nigeria’s state oil corporation ... he charged the revitalised company with boosting Nigerian oil production to a sustainable level of over ...