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.
Category : Search result: US penny production end
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.
POCO Year-End Carnival: Deals, Europe Trip Giveaway
POCO's Year-End Carnival runs Dec 1-31 with massive discounts on phones like the X7 Pro, free festive hampers, and a chance to win a dream trip to Europe. Shop now at authorized retailers and Jumia.
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.
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.
Nollywood Star Seeks UK Asylum After End SARS Involvement
A Nigerian actress claims her celebrity status puts her at risk after participating in End SARS protests. Her asylum case returns to court for rehearing. Read the full story.
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.
Nigeria's Malaria Death Toll Hits Alarming Rate
Hacey Health Initiative raises alarm as Nigeria accounts for over 39% of Africa's malaria deaths. Vulnerable groups at highest risk. Learn about intervention efforts.
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.
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.
Oyo Approves ₦3b for Cocoa Rejuvenation Project
Oyo State Government has approved ₦3.03 billion for Cocoa Rejuvenation Project through PPP. Initiative aims to restore state's cocoa production glory and fill supply gaps from Ghana and Côte d'Ivoire.
Dangote Refinery Expansion Targets 1.4mbpd by 2028
Dangote Group partners with Honeywell International to expand refinery capacity to 1.4 million barrels daily by 2028, boosting Nigeria's energy security and economic growth.
Meet Abi Babalola: Architect of Afrobeats Tours
Discover the story of Abi Babalola, the founder of Hera Touring, who is building the stage for Afrobeats' global takeover. Learn about her journey from music videos to sold-out arenas.
NNPC Targets 2026 for Refinery Partners, Posts N5.4tn Profit
NNPC Limited announces June 2026 timeline to select technical partners for Port Harcourt, Warri and Kaduna refineries rehabilitation while revealing record N5.4 trillion profit for 2024.
Scientific Research Guides Nigeria's Oil Production
Dr Omonigho Khalin Egbo's geochemical studies provide crucial data for Nigeria's energy security and revenue growth. Discover how his findings are shaping national oil policy.
NNPC Posts N5.4trn Profit, Reveals $60bn Investment Plan
NNPC Limited announces record N5.4 trillion profit after tax for 2024 and reveals ambitious $60 billion investment strategy to boost oil, gas and clean energy capacity by 2030.
NNPCL Targets Higher Production, Gas Monetisation in 2025
NNPC Limited reveals a ₦5.4 trillion profit and outlines a bold 2025 strategy focusing on increased oil production to 1.8 million bpd, aggressive gas monetisation, and cost-cutting measures. Discover how this impacts Nigeria's economy.
Nigeria's Petroleum Reforms Earn Continental Recognition
Pan African Parliament commends Nigeria's petroleum sector reforms and PIA implementation. Nigeria's oil production rebounds to 1.7 million barrels daily, becoming Africa's benchmark for oil governance.
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