The cost of producing crude oil in Nigeria has risen to about $40 per barrel, according to a report by the Nigerian Upstream Petroleum Regulatory Commission.

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

Al Jazeera meets people in Nigeria struggling with devastation caused by oil production and angry about failed clean-up ...

CBN Governor Cardoso says the Naira’s stability and FX reforms have bolstered investor confidence and ensured competitive ...

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As Nigeria’s crude output recovers from years of decline, the country is ready to negotiate a higher oil production quota with the Organisation of Petroleum Exporting Countries (OPEC). This strategic ...

Flurries with a high of 19 °F (-7.2 °C) and a 47% chance of precipitation. Winds WSW at 6 to 7 mph (9.7 to 11.3 kph). Night - Partly cloudy with a 43% chance of precipitation. Winds variable ...

People are interested, people are coming in, we are having a lot of partners going into it and I can assure you that in a few years, Nigeria too ... at the resumption of production of military ...

Investing.com--Oil prices rose slightly Thursday, bouncing to a degree after the recent downturn as traders braced for higher US production and possible disruption to trade under the new Trump ...

WASHINGTON (Reuters) - U.S. manufacturing output surged in December likely as production at Boeing (NYSE:BA) picked up following the end of a crippling strike by factory workers at the aerospace ...

OPEC may reject Nigeria’s planned 2 million barrels per day oil production projection, report says The country has been testing and exploring digs in the lake for over a decade. Despite the ongoing ...

BP at one point pledged to cut oil and gas production by 40% by 2030. But it was forced to review the decision after rising costs and lower-than-expected returns. It has since said it would return ...