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Tag "oil production"

Nigeria’s economic growth slows to 2.25% on low oil production

    Nigeria’s economic growth slows to 2.25% on low oil production

Nigeria’s gross domestic product (GDP) grew by 2.25 percent year-on-year in Q3 2022, down from 3.54 percent in Q2. The National Bureau of Statistics (NBS) said this in its latest

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Nigeria’s oil production rises above 1m bpd — first time since July 2022

    Nigeria’s oil production rises above 1m bpd — first time since July 2022

Renewed hopes for Nigeria as oil production rose above the 1 million mark for the first time since July 2022.   The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said this in

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Ecuador to halt oil production amid protests over hike in fuel cost

    Ecuador to halt oil production amid protests over hike in fuel cost

The Ecuadorian energy ministry says the country will suspend oil production completely within 48 hours over acts of vandalism. Since June 13, protesters have refused to leave the streets of

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NUPRC inaugurates committee to revive inactive oil well

    NUPRC inaugurates committee to revive inactive oil well

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has inaugurated a project committee on the reactivation of inactive oil wells in Nigeria to spur production. The development comes as oil production

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Nigeria’s oil production slumps to 1.02m bpd — lowest in over two years

  Nigeria’s oil production slumps to 1.02m bpd — lowest in over two years

Nigeria’s oil production dropped in May to an average of 1.02 million barrels per day (bpd) from 1.22 million in

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Nigeria’s oil production dropped to 1.24m bpd in March — lowest so far in 2022

  Nigeria’s oil production dropped to 1.24m bpd in March — lowest so far in 2022

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says oil output dropped to an average of 1.24 million barrels per day

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Petrol subsidy to bite harder as oil price rises to $90 per barrel

  Petrol subsidy to bite harder as oil price rises to $90 per barrel

Oil prices rose on Wednesday to $90 a barrel for the first time since October 2014. Over the past months,

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Buhari: Saudi Arabia has been kind to Nigeria by reducing oil output a number of times

  Buhari: Saudi Arabia has been kind to Nigeria by reducing oil output a number of times

President Muhammadu Buhari has commended the Saudi Arabian government for reducing oil production “a number of times” to accommodate Nigeria.

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UBA facilitates $1.5bn financing for NNPC to boost oil production

  UBA facilitates $1.5bn financing for NNPC to boost oil production

The United Bank for Africa (UBA) has acted as an initial mandated lead arranger with a consortium of Nigerian commercial

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In 2018, Nigeria extracted ‘more than 24% of crude oil in Africa’

  In 2018, Nigeria extracted ‘more than 24% of crude oil in Africa’

The International Energy Agency (IEA) says in 2018, Nigeria extracted more than 24 percent of crude oil in Africa. This

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