OML 30 Sees Rising Production After Major Restructuring
Heritage Energy says years of restructuring and investment in OML 30 are now yielding rising production and stronger reserves. The firm prioritized long-term stability over short-term gains.
Category : Search result: production costs
Bollywood Profits Squeezed by Star Fees, Entourages
Bollywood producers reveal how stars' multi-million dollar fees and lavish demands for entourages and trailers are crippling film finances. Discover the industry's call for change.
Feed Costs, Input Access Challenge Nigeria Poultry Farmers
Despite being Nigeria's most commercialised livestock segment, poultry farmers face high feed costs and limited input access. The Minister of Livestock reaffirmed commitment at the LAPO Chicken Fair, highlighting collaboration for food security.
Osi Suave Says Rising Costs Are Killing Detty December
Media personality Osi Suave warns that Detty December's fun is fading due to greed and soaring costs. He reveals why he skipped his 2025 concert. Read his full analysis.
State Airlines Cut Airfares, Offer Relief to Travellers
Nigerian travellers get relief as state-owned airlines like Ibom Air introduce lower fares, reducing costs on secondary routes from N350,000 to around N150,000. Discover how this impacts the economy.
Professor Calls for Law to Mandate Walking for Health
A UNILAG professor proposes legislation to enforce walking, aiming to slash Nigeria's healthcare spending. Experts highlight benefits for physical, mental, and national unity.
Why Rare Earth Metals Are Crucial for Tech and Energy
Discover how 'rare earth' metals from China power everything from smartphones to fighter jets. As the EU plans to boost production, learn why these elements are a global strategic chip.
High Energy Costs Threaten Nigerian Manufacturing - FG
The Federal Government warns that energy costs now consume 40-60% of manufacturers' expenses, eroding Nigeria's industrial edge. Minister John Owan Enoh calls for urgent action. Read more.
Nigeria eyes $10bn from 50 oil blocks lease
Nigeria's NUPRC launches 2025 oil licensing round for 50 blocks, aiming to raise $10bn and boost output by 400,000 barrels per day. Discover the transparent bidding process.
Experts Urge Reforms to Stabilise Nigerian Economy by 2026
Finance experts at an ICAN event in Ibadan call for urgent policy reforms, economic diversification, and boosted local production to stabilise Nigeria's economy ahead of 2026, warning against inflation and oil reliance.
OPEC Keeps Nigeria's Oil Output at 1.5m bpd to 2026
OPEC confirms Nigeria's oil production quota remains at 1.5 million barrels per day until December 2026 to ensure global market stability. Read the full details.
Anambra's 220M Palm Seedlings Boost Agriculture
Anambra State government has distributed 220 million palm seedlings to 180,000 households in two years, supporting the 'One Family, 20 Palms' project to revive palm oil production and achieve food security.
OPEC+ Pauses Oil Output Hikes Until March 2026
OPEC+ reaffirms plan to maintain current oil production levels until March 2026 and agrees on a new capacity assessment mechanism. Learn how this decision impacts global oil markets.
OPEC+ Likely to Maintain Current Oil Production Levels
OPEC+ ministers are expected to keep oil output unchanged in Sunday's online meeting amid price uncertainty. Analysts predict no major market changes as group watches Ukraine talks.
Hungary's Hollywood on Danube Faces Trump Tariffs
Hungary's booming $1 billion film industry, dubbed 'Hollywood on the Danube,' faces existential threat from proposed US tariffs. Learn how this impacts global film production.
OPEC+ Expected to Maintain Current Oil Output Levels
OPEC+ ministers are expected to maintain current oil production levels in their upcoming online meeting. Analysts cite market uncertainty and Ukraine conflict impacts on prices. Read more.
Anambra Gives 220M Palm Seedlings to Households
Anambra State has distributed 220 million palm seedlings to 180,000 households in two years under Governor Soludo's agricultural revolution. Discover how this initiative aims to transform the state's economy.
Nigeria's Petrol Consumption Hits 56.74M Litres Daily
New data reveals Nigeria consumed 56.74 million litres of petrol daily in October 2025, with Dangote Refinery producing 18.03 million litres. Discover the full energy consumption breakdown.
Jigawa Partners AfricaRice for 3.6M MT Rice by 2030
Jigawa State partners with AfricaRice to produce 3.6 million metric tonnes of rice annually by 2030, contributing 40% of Nigeria's rice needs through climate-smart innovations.
Feedlot Nigeria Expands to 5000 Cattle Herds
Feedlot Nigeria boosts cattle capacity to 5000 herds, enhancing local beef production and reducing import dependency. Discover how this expansion transforms Nigeria's agricultural sector.
OPEC+ 2025 Oil Output Policy: A Review
OPEC+ surprised markets in 2025 by hiking oil production. Discover how this strategy fared, the role of Trump's return, and what's next for global oil prices.
Nasarawa to harvest 1.2 million rice bags for Nigeria
Nasarawa State aims to harvest 1.2 million bags of rice from Jangwa and Agwatashi farms, with over 600,000 bags already collected. This initiative supports Nigeria's food security under Governor Abdullahi Sule's administration.
Nasarawa targets 1.2m rice bags from Awe, Obi LGAs
Nasarawa State has harvested 600,000 bags of rice from its 3,300-hectare farm, with 1.2 million total expected. Governor Sule says this will boost food security and state economy.
Nigerian in UK spends N2m monthly, N955k on rent
A Nigerian lady living in Glasgow, UK reveals she spent N2 million in November 2025. Her rent alone consumed N955,000 monthly. See full expense breakdown and netizen reactions.
FG Distributes 4,000 Electric Tricycles to Youths
President Tinubu unveils 4,000 electric tricycles & motorcycles to slash transport costs by 40%, boost youth employment, and reduce carbon emissions in Nigeria. Read more.
Nigeria's Plan for Dairy Self-Sufficiency by 2050
The Federal Government has launched a comprehensive plan to revolutionize Nigeria's dairy sector, aiming to meet rising demand and reverse decades of underperformance through strategic reforms and partnerships.
Kano farm project achieves 86% grain production target
Kano State Agro-Pastoral Development Project reaches 86% of annual grain target, supporting 477,284 farmers. Major reduction in postharvest losses recorded.
NECA Champions Nigeria First Policy for Local Production
NECA calls on private sector to leverage Nigeria First Policy for enterprise growth and economic resilience. Learn how local production can transform Nigeria's economy.
Izzy Ogbeide: Children Are Not Blessings From God
Controversial content creator Izzy Ogbeide faces backlash after claiming children are 'expensive subscriptions' rather than divine blessings. The mother of three's viral video ignites heated debate.
US Farmers Struggle with Tariff-Driven Cost Increases
American farmers and businesses report soaring production costs due to Trump's tariffs, contradicting White House affordability claims as Thanksgiving approaches.
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