Data from the National Bureau of Statistics has shown that Nigeria’s crude oil and gas mining sector recorded a negative real GDP growth rate of 13.43 per cent in the second quarter of 2023. This marks the 13th consecutive quarter…
Nigeria’s rising oil output could suffer disruption as a new group of Niger Delta militants calling themselves the ‘Creek Reform Warriors’ has vowed to restart attacks on important oil platforms and other infrastructure in the area. Specifically, the group vowed…
Nigeria recorded a decline of 80,000 bpd, where outages and maintenance curbed output. Refinitiv Figures put exports in June down by at least 100,000 bpd, as did two other sources in the survey who track the flows. This decline was…
A delegation from Russian has indicated interest in making significant investment in Nigeria as federal government continues to woo foreign investors into the country. The 16-man delegation representing different companies made the pledge during a Nigerian-Russian business meeting organized by…
By Uthman Salami Nigerian’s oil production quota has been raised to 1.666 million barrel per day by the Organisation of Petroleum Exporting Countries (OPEC) as a result of prevailing changes in the oil prices index. The Organisation of Petroleum Exporting…
