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.

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 ...

By Toby Prince In 2021, a new dawn broke in Nigeria’s oil and gas sector with the establishment of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), a game-changer designed to oversee the ...

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 ...

Nigeria is no stranger to coffee. It was a prominent income-generating crop in the country since its introduction in the 19th century. However, that never resulted into the overwhelming acquisition of ...

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 ...

On Thursday, the Nigerian National Petroleum Company Limited (NNPCL) unveiled an ambitious five-year growth and development ...