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Nigeria's crude oil production

Nigeria Exceeds OPEC Quota For Third Time In 2025

Nigeria has indeed exceeded its OPEC oil production quota of 1.5 million barrels per day for the third time in 2025, according to recent reports. The first was in January and the second in June. OPEC’s latest Monthly Oil Market Report, released on

August 13, 2025

Business·Oil & Gas

Oil Production: Nigeria Again Exceeds OPEC Quota In 2025

Nigeria’s oil production has shown significant improvement in 2025, with the country exceeding the production quota allocated to it by the Organisation of the Petroleum Exporting Countries (OPEC) for the second time this year. The first time was in January and the second

July 16, 2025

Business·Oil & Gas

Worries As Oil Price Crash, Low Production Threaten Nigeria’s 2025 Budget

The recent crash in global oil prices and Nigeria’s low crude production levels have raised serious concerns about the feasibility of implementing the 2025 budget. The Nigerian government relies heavily on oil revenues to fund its budget, and a sustained downturn in

April 22, 2025

Business·Oil & Gas

Nigeria’s Oil Production Declined By 4% To 1.4m bpd In March

Nigeria’s crude oil production dropped by 4 per cent to 1,400,783 barrels per day (bpd) in March 2025. This is according to the latest crude oil and condensate production data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The NUPRC report,

April 12, 2025

Business·Oil & Gas

Naira-for-crude Deal: Dangote Refinery Got Over 48 Million Barrels – NNPCL

The Nigerian National Petroleum Company Limited (NNPCL) has stated that Dangote Refinery, got supply of over 48 million barrels of crude oil under the Naira-for-crude deal since October when the scheme began. The national oil company added that it has supplied an

March 11, 2025

Dangote Refinery To Start Processing Only Nigerian Oil By Year End

Business·Oil & Gas

Dangote, Other New Refineries Alter Global Oil Trade System

Dangote refinery and other new ones that sprang up in different parts of the world in recent times, including pipeline systems, are said to have altered global oil trade dynamics. The 650,000 barrels per day Dangote Refinery which started operation in early

January 8, 2025

Business·News·Oil & Gas

Nigeria’s 1.8mbpd Oil Production A Drop In The Bucket – Economist

International Economist and Global Strategist, Derego Williams, has stated that Nigeria’s record of hitting 1.8 million barrels per day of crude oil production in November is like “a drop in the bucket” compared to what the country used to produce in the

November 15, 2024

Business·News·Oil & Gas

Nigeria’s Crude Oil Production Surges To 1.3mbpd In July

Nigeria’s average daily crude oil production increased to 1.307 million barrels per day (mbpd) in July. This was revealed in the Organisation of the Petroleum Exporting Countries (OPEC) monthly Oil Market Report for August 2024 released on Monday. According to OPEC’s report,

August 13, 2024

Kaduna Refinery: The Role Of Local Refining In Nigeria's Fuel Economy

Business·News·Oil & Gas

Dangote: No Refinery Across The World Depends On Domestic Crude Oil Supply – Kachikwu

Amid the ongoing face-off between the Dangote Refinery Limited and the regulators in Nigeria’s oil and gas sector over domestic crude oil supply obligation, businessman and media entrepreneur, Dumebi Kachikwu, has said no refinery in the world depends on local producers for

August 13, 2024

Business·News·Oil & Gas

We’ve Declared War Against Challenges Affecting Crude Oil Production – NNPCL Boss

In a bid to scale up crude oil production, the Nigeria National Petroleum Company Limited (NNPCL) says it has declared a state of emergency in the oil and gas industry. NNPCL Group Chief Executive Officer, Mele Kyari, disclosed this in a keynote

July 3, 2024

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Nigeria's crude oil production

Nigeria Exceeds OPEC Quota For Third Time In 2025

Oil Production: Nigeria Again Exceeds OPEC Quota In 2025

Worries As Oil Price Crash, Low Production Threaten Nigeria’s 2025 Budget

Nigeria’s Oil Production Declined By 4% To 1.4m bpd In March

Naira-for-crude Deal: Dangote Refinery Got Over 48 Million Barrels – NNPCL

Dangote, Other New Refineries Alter Global Oil Trade System

Nigeria’s 1.8mbpd Oil Production A Drop In The Bucket – Economist

Nigeria’s Crude Oil Production Surges To 1.3mbpd In July

Dangote: No Refinery Across The World Depends On Domestic Crude Oil Supply – Kachikwu

We’ve Declared War Against Challenges Affecting Crude Oil Production – NNPCL Boss

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