Nigeria has achieved its lowest level of crude oil theft in 16 years, a development analysts say could ease pressure on the foreign exchange market, boost fiscal revenues, and restore …
oil production Nigeria
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BusinessEconomyForeign ExchangeGovernanceINVESTMENTOil & Gas
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EconomyGovernment PolicyNigeriaOil & GasTrade
Nigeria Loses N3.18tn in Crude Oil Export Earnings Despite Higher Output
Nigeria’s crude oil export earnings dropped sharply by N3.18 trillion in the first half of 2025 despite a rise in production levels, new data from the National Bureau of Statistics …
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BusinessCentral BankingEconomyForex TradingInflationNigeriaOil & Gas
Naira Sustains Rally, Trades Below N1,500 to Dollar as Reserves Hit $41.59bn
The naira continued its rally on Wednesday, closing at N1,500.91 to the United States dollar at the official Nigerian Foreign Exchange Market. The performance marked a significant milestone as the …
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BusinessEnergyNigeriaOil & GasTechnologyYouth Empowerment
Kenyon International Restores 6,000 Barrels Daily
Nigerian oilfield service company Kenyon International has announced the restoration of more than 6,000 barrels of crude oil per day from a previously inaccessible well, in what industry observers describe …
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BusinessDevelopmentEconomyEnergyFinanceGovernment Policy
Afrinvest Questions Tinubu’s $1tn GDP Target Over Inflation
Investment research and advisory firm Afrinvest has expressed doubt over President Bola Ahmed Tinubu’s ambitious projection that Nigeria’s economy will grow four times bigger to reach $1 trillion by 2030. …
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BusinessEconomyEnergyInfrastructureLeadershipNigeriaOil & Gas
Renaissance Africa Energy Clinches Top Honours at 2025 NOGOF Awards
Renaissance Africa Energy Company Limited has emerged as the Nigerian Content International Upstream Operator of the Year at the 2025 Nigeria Oil and Gas Opportunity Fair (NOGOF), held in Yenagoa, …