The Nigerian government is in talks with local communities to restart oil production in a region that’s previously suffered ...

Nigeria needs improved security, improved investment, and a proper regulatory framework to achieve its target of producing 2.06 million barrels ...

Nigeria, Africa’s biggest oil producer, has set a target of boosting daily production by 2.7 million barrels of crude and condensate ...

A report has warned of a possible negative impact of unstable global oil prices and its implications for the federal ...

Putting the total crude oil produced in Nigeria in 2024, which is 408,680,457 million barrels, and the average price of the product, this amounts to N50.88 trillion or $32.91 billion, at the rate ...

President Donald Trump’s imposition of tariffs on Mexico, Canada, and China threatens to disrupt the global trading system.

With condensate, total oil production for 2024 was 566.79 million barrels. Recall that Nigeria had planned to ... of the market in relation to the projected budget benchmark price of $77.96 ...

The NESG on Thursday projected a notable appreciation of the naira to an average exchange rate of N1,300 to the US dollar in ...

The Nigerian Economic Summit Group (NESG) has predicted a recovery of the naira and GDP, as well as a drop in inflation ...

The rise in total crude oil revenue in the said period was heavily impacted by the depreciation, as the Naira closed the year at around N1,545 per dollar, up from the projected N750 benchmark in ...