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Nigeria's oil output rises to 1.7mbpd as pipeline security improves - NNPC

Nigeria, April 9 -- The Nigerian National Petroleum Company Limited (NNPCL) says Nigeria's crude oil production has increased significantly from historic lows recorded in 2022, citing improved pipelin... Read More


Oil prices fall as US, Israel-Iran agree to ceasefire

Nigeria, April 9 -- Global crude oil prices fell sharply on Wednesday following the announcement of a ceasefire agreement between the United States, Israel and Iran, easing concerns over supply disrup... Read More


NNPC exports new crude grade 'Cawthorne' to Netherlands

Nigeria, April 8 -- The Nigerian National Petroleum Company (NNPC) Limited has announced the commencement of exports of a new crude grade, the Cawthorne blend, to the Netherlands. The development mar... Read More


Middle East War: How countries are responding to oil price shock & what Nigeria must do

Nigeria, April 7 -- The ongoing war that the United States and Israel are waging on Iran has sent shockwaves across global energy markets, with far-reaching consequences for economies worldwide. Afri... Read More


Seplat workers suspend strike after fresh talks

Nigeria, April 4 -- Workers at Seplat Energy have suspended the strike action they embarked upon on Friday amid concerns over pay increases. PREMIUM TIMES reported that workers at the oil company's o... Read More


Seplat workers begin indefinite strike over welfare concerns

Nigeria, April 4 -- Workers at Seplat Energy began an indefinite strike on Friday, a move that could disrupt production at a time of rising global oil prices and mounting pressure on Nigeria to boost ... Read More


Nigeria's oil, gas reserves hit 37bn barrels, 215 TCF - NUPRC

Nigeria, April 2 -- The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says Nigeria's total oil and condensate reserves stood at 37.01 billion barrels as of 1 January 2026, while gas reserv... Read More


Nigeria gov't approves new Chicken variety 'MoorBeta'

Nigeria, April 1 -- The Federal Ministry of Livestock Development has announced the approval of a new indigenous meat-type chicken, MoorBeta, for commercialisation in Nigeria, as part of a broader str... Read More


Afreximbank leads $2.5bn backing for Dangote Refinery in landmark $4bn deal

Nigeria, April 1 -- The African Export-Import Bank (Afreximbank) has underwritten $2.5 billion in a $4 billion senior syndicated term loan for Dangote Petroleum Refinery and Petrochemicals FZE (DPRP).... Read More


UN wildlife summit expands protection for 40 migratory species

Nigeria, March 31 -- Parties at the United Nations wildlife conservation summit have agreed to expand protection for dozens of migratory species, amid growing evidence that many are moving closer to e... Read More