The Nigerian National Petroleum Company Limited (NNPCL) has announced a massive post-tax profit of N905 billion in June amid ...

Nigeria's crude oil production has again exceeded the quota assigned to it by the Organisation of Petroleum Exporting ...

Nigeria exported crude oil worth $1.34bn to the United States in the first five months of 2025, maintaining the country’s position as America’s leading African oil supplier.Figures from the U.S.

Bashir Ojulari, the head of Nigeria’s state oil company, said he wanted the quota to rise to 2 million barrels per day.

Exactly 55 years ago this month, Nigeria joined Organization of Petroleum Exporting countries, OPEC, the global club using ...

Nigeria's current account surplus is projected to decline sharply in 2025, dropping to 2.7% of GDP from 9.2% in 2024, ...

Nigeria is pumping 1.67 million barrels of oil and condensates per day, compared with just under a million barrels some months ago, due to security improvements in the producing Niger-Delta region ...

At the 2025 Nigeria Oil and Gas (NOG) Conference, one of the standout moments was the CEO Fireside Chat between Rolake ...

Nigeria's upstream oil regulator on Monday announced an annual oil and condensates production target of 2.6 million barrels per day (bpd) by 2026, an ambitious jump from 2023 levels of around 1.6 ...

Nigeria is losing $1,000 on every barrel of crude oil it exports, due to a lack of the added value from refining, Nigerian media quoted energy policy expert Henry Adigun as saying at a conference.

Nigeria’s oil production is currently down by 700,000 barrels a day due to pipeline vandalism, Maikanti Baru, managing director of the Nigerian National Petroleum Corporation said Thursday.

The average production cost for a barrel of oil in Nigeria has declined to just US$23 a barrel, Petroleum Minister Emmanuel Ibe Kachikwu told local media. Type your search and press Enter.