The Central Bank of Nigeria (CBN) has announced that it has removed the cash pooling requirement for international oil firms (IOCs), allowing them unfettered access to their export revenues. Cash…
Nigeria has shortened the approval period for reactivating dormant oil wells. Eniola Akinkuotu, spokesperson for the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), informed TheCable that the commission is expediting processes…
Nigeria's former vice president opens a five-country initiative this week in Sierra Leone, targeting health systems strained by debt and climate shocks. Former Nigerian Vice President Yemi Osinbajo will convene…
Nigeria's average crude oil output in 2025 grew to 1.64 million barrels per day (mbpd), a 5.8 percent increase over the same time in 2024, according to the Independent Petroleum…
