Category : Search result: Nigeria oil crisis


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.

PDP's 2027 Election Hopes at Risk Amid Crisis

Political analyst warns PDP faces electoral irrelevance in 2027 without resolving internal conflicts. Learn about the expulsion of Wike, Fayose and party divisions threatening Nigeria's main opposition.

Legal Battle: Lawyer Represents Both FBN and NUPRC

Senior lawyer Babajide Koku's dual representation in Nestoil-FBN legal battle raises conflict of interest concerns, threatening Nigeria's oil sector integrity. Stakeholders warn of serious consequences.

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.

Kano Free Trade Zone Hits N18.8b Revenue in 2025

Kano Free Trade Zone reports N18.8 billion revenue from Jan-Oct 2025, signaling growth in Nigeria's non-oil sector. Discover how this achievement boosts economic diversification.

PDP risks collapse by December 7, BoT member warns

PDP BoT member Hon. Tajudeen Yusuf warns the party faces technical collapse if crisis persists beyond December 7, 2025. Read exclusive details on the internal turmoil threatening Nigeria's main opposition party.

PENGASSAN: Oil Retirees' Pensions Losing Value

PENGASSAN raises alarm as oil and gas retirees face hardship with stagnant pensions eroded by inflation. Union demands urgent review from PenCom and major oil companies.

US MOSOP: Exclude Ogoni from oil block bids

MOSOP USA calls for Ogoni oil blocks removal from bidding rounds to protect fragile peace process. Federal Government urged to prioritize reconciliation before oil resumption.

Midwestern Oil Names First Female CEO

Midwestern Oil and Gas makes history by appointing Engr. Elozino Olaniyan as its first female CEO. With 30+ years experience, she will drive governance reforms and sustainable growth in Nigeria's energy sector.

Reps Panel Vows to End Oil Revenue Leakages

House of Representatives committee pledges to halt massive revenue losses in Nigeria's oil and non-oil export sectors, aiming to recover billions lost annually through systemic leakages.

PDP Crisis May Force Two Governors Out of Party

The Peoples Democratic Party faces explosive showdown as rival factions plan conflicting meetings. Two governors risk expulsion amid deepening internal crisis. Read latest developments.

Emadeb Records First Oil Production from Ibom Field

Emadeb Exploration and Production Company Limited has commenced commercial oil production from Ibom Field PPL 236, marking a significant milestone for Nigeria's upstream oil sector and indigenous operators.

Nigeria Baking Crisis: 80,000 Bakeries Shut Down

Nigeria's baking industry faces collapse as over 80,000 bakeries closed since 2020 due to high production costs, energy crisis, and insecurity. Learn how this affects jobs and bread prices.

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