Nigeria Set to Launch 2026 Oil Block Licensing Round as Investor Confidence Grows
Nigeria is preparing to open a new round of oil and gas licensing opportunities in 2026 after receiving presidential approval ...
Tag: Crude Oil Production
NNPC Revenue Jumps to N4.97tn in April as Oil Output Improves
Nigeria’s national oil company, the Nigerian National Petroleum Company Limited (NNPC), recorded a major rise in earnings in April 2026, ...
Nigeria Oil Revenue Falls N7.88 Trillion Below Budget Target
Nigeria’s oil revenue fell N7.88 trillion short of the federal government’s budget target, underscoring mounting fiscal pressures on Africa’s largest ...
Nigeria’s Oil Revenue Misses Budget Target by N7.88 Trillion
Nigeria’s oil revenue recorded a significant shortfall of N7.88 trillion against budget expectations, underscoring the persistent fragility of Africa’s largest ...
FAAC Receives Full PSC Revenue as NNPC Enforces Executive Order 9
Nigeria’s Federation Account Allocation Committee (FAAC) is set to receive 100% of revenues generated from Production Sharing Contracts (PSCs) following ...
NNPC Posts N276 Billion Profit in March
The Nigerian National Petroleum Company Limited has reported a profit after tax of N276 billion for March 2026, a significant ...
Nigeria’s Oil Wealth Masks Persistent Structural Gaps, OPEC Data Shows
Nigeria remains one of the Organisation of Petroleum Exporting Countries’ most resource-rich members, but new data from the group’s 2026 ...
Renaissance MD Says Divestment Won’t Hurt Nigeria’s Oil and Gas Sector
The managing director of Renaissance Africa Energy Company Limited, Engr. Tony Attah, has stated that the transition through divestment is ...
Nigeria on Track to Hit Two Million Barrels a Day by 2026
Nigeria could see its crude oil production rebound to more than two million barrels per day by 2026 if it ...
