NNPC reports N431bn profit after tax in August 2026 as revenue rises to N3.73tn and crude oil and condensate production reaches 1.69m bpd. The Nigerian National Petroleum Company (NNPC) Limited…
NMDPRA chief Rabiu Umar says Nigeria is transitioning from a crude exporter into Africa's refining hub as capacity expands. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says Nigeria…
Nigeria earned an estimated N24.02 trillion from crude oil exports in the first half of 2026, exporting 182.2 million barrels as higher global oil prices boosted export values despite concerns…
Nigeria's crude oil production rose to 1.56 million barrels per day (bpd) in June, the highest level in 74 months, exceeding its OPEC quota as output increased for the fourth…
Oil tumbles to a three-month low as a US-Iran-Israel peace deal eases fears over global energy supplies. Global crude oil prices declined to $82 per barrel on Monday after the…
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…
