Nigeria’s budget funding threatened as oil production drops to 1.23mn bpd

THE Nigerian budget funding largely benchmarked on crude oil production is under threat following a drop in the country's...

Why Nigeria won’t leave OPEC – minister

THE Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has said that Nigeria would not leave the Organisation...
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COP28: OPEC, AEC oppose Western-driven anti-fossil fuels policy

THE Organisation of Petroleum Exporting Countries (OPEC) and the African Energy Chamber (AEC) have called on African countries to...

OPEC’s resolution puts Nigeria’s projected 2024 oil revenue in doubt

THE Organisation of Petroleum Exporting Countries (OPEC) and its allies' resolve to deepen crude oil production cuts will make...
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Nigeria’s crude oil output reduces by 40,000bpd

NIGERIA'S crude oil production fell by 40,000 barrels per day (bpd) in July relative to the previous month, reflecting...

Nigeria’s 1.3M bpd in February yet to meet OPEC quota

NIGERIA produced 1.3 million barrels of crude per day in February, according to the Organisation of Petroleum Exporting Countries...
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