Oil
Nigeria Surpasses OPEC Oil Quota Again in June with 1.5m Barrels Daily Output
Nigeria has exceeded its OPEC crude oil production quota of 1.5 million barrels per day (bpd) for the second time...
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Nigeria Seeks 25% OPEC Quota Increase, Targets 2 Million bpd by 2027
The Nigerian National Petroleum Company Limited (NNPC) says it plans to approach the Organisation of the Petroleum Exporting Countries (OPEC)...
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Nigeria’s Crude Producers Invest $8bn in Rig Infrastructure to Boost Output
Crude oil producers operating in Nigeria have invested $8 billion in rig infrastructure over the past three years as part...
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Petrol Imports Hit Record Low as Dangote Refinery Boosts Local Output
Nigeria’s import of Premium Motor Spirit (PMS), commonly known as petrol, dropped to a record low in June, largely due...
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NCDMB Launches Compliance Certificate System to Enforce Local Content Levy
In a move to enforce compliance with the statutory 1% local content levy, the Nigerian Content Development and Monitoring Board...
Read moreNCDMB Enforces Content Fund Clearance, Launches N50bn Community Contractor Scheme
The Nigerian Content Development and Monitoring Board (NCDMB) has officially commenced enforcement of the Nigerian Content Fund Clearance Certificate (NCFCC)...
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Nigeria’s Upstream Sector Meets 77% Domestic Gas Obligation Despite Infrastructure Gaps
Despite persistent infrastructure challenges in Nigeria’s gas sector, the country’s upstream oil and gas segment fulfilled 77% of its Domestic...
Read moreNUPRC Generates ₦28.11bn from Oil Licence Fees in First Five Months of 2025
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has generated a total of ₦28.11 billion in miscellaneous oil revenue tied to...
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Oil Prices Flat as Market Juggles OPEC+ Supply Prospects and U.S. Inventory Data
Oil futures remained largely unchanged on Wednesday, as traders digested the prospect of increased supply from major producers next month,...
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Petrol Marketers Expect Price Crash as Crude Oil Drops
Petroleum marketers across Nigeria have expressed optimism over a possible crash in the pump price of Premium Motor Spirit (PMS),...
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