Nigeria’s Oil Production Rises 0.4% in August, Meets OPEC Quota Again Nigeria’s crude oil production recorded a modest increase in August 2026, with combined crude oil and condensate output rising to 1.68 million barrels per day, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The figure represents a 0.4% […]
The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has categorically denied allegations that he coerced the CEO of Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, into resigning—labeling the claims as baseless and defamatory. In a firm statement released on Wednesday by EFCC spokesperson Dele […]
The Nigerian National Petroleum Company Limited (NNPCL) has extended an invitation to former President Olusegun Obasanjo to tour the recently rehabilitated Port Harcourt Refinery in Rivers State. This gesture aims to provide Obasanjo with an opportunity to verify the refinery’s operational capacity and achievements. The invitation follows Obasanjo’s recent comments […]
The Nigerian National Petroleum Company Limited (NNPC Ltd) has reported a record net profit of N3.297 trillion for 2023, a 28% increase from N2.548 trillion in 2022. This is the highest profit in the company’s 46-year history. NNPC’s Chief Financial Officer, Umar Ajiya, credited the success to strategic foresight and […]
