US Demands Venezuela Cut Ties with China, Russia, Iran
The Trump administration outlines conditions for Venezuela's oil restart, including severing ties with US adversaries and partnering with American firms. Read the full details.
Category : Search result: OPEC production
Actress Bolaji Ogunmola Stranded, Threatens Legal Action
Nollywood actress Bolaji Ogunmola was left stranded at Ekiti airport for over 24 hours, jeopardizing her ₦20 million film production. Read her full ordeal and decision to travel by road.
Oil Prices Slip to $61 Amid Venezuela Instability
Global oil prices fall to $61 per barrel due to Venezuela's instability. Analysts warn of further drops below $60 if US tensions persist. OPEC+ pauses production hikes.
Dangote Refinery Denies Shutdown, Produces 50m Litres Daily
Dangote Refinery dismisses false shutdown claims, confirms daily production of 50 million litres of PMS and maintains N699/litre price. Read the full details.
Venezuela Crisis Puts Nigeria's N58tr Budget at Risk
Geopolitical shifts in Venezuela could crash oil prices, threatening Nigeria's N58.18 trillion 2026 spending plan and naira stability. Experts warn of a potential $10.24 billion revenue shortfall.
Nigeria's Oil Sector Wins in 2025, Says Minister Lokpobiri
Minister Heineken Lokpobiri declares 2025 a successful year for Nigeria's oil sector, driven by reforms, new investments, and strengthened local content. Read the full report on the industry's progress and 2026 outlook.
Tinubu cancels $1.42bn NNPC debt, Agbese reacts
President Tinubu cancels $1.42bn NNPC debt. Reps' Agbese links it to CEO Ojulari's transparency and record oil output. Read the full analysis.
NNPC remits N12.1trn, reports N502bn profit in 2025
NNPC Limited remitted N12.117 trillion to the Federation Account in ten months, reporting strong revenue and profit growth. Oil production held steady as key gas pipeline projects near completion.
NNPC Records N4.36tr Revenue, N502bn Profit
NNPC Ltd announces N4.36 trillion revenue and N502 billion profit for November 2025, driven by increased oil production. Discover the full financial and operational breakdown.
Apply for MultiChoice's Free 2026 Film & TV Training
MultiChoice invites Nigerian filmmakers to apply for its fully funded 2026 Talent Factory programme. Applications close February 27, 2026. Apply now!
ABU, AMA-MED Partner on Drug Production, Research
Ahmadu Bello University and AMA Pharmaceutical Company announce a strategic collaboration to boost local drug manufacturing and commercialise research, aiming to reduce costs and enhance competitiveness.
Nigeria Tipped as Top Cocoa Supplier to Meet Global Demand
Dr. Ebenezer Akinrinade unveils Cocoa RepubliQ, a 200-acre estate in Ogun, highlighting Nigeria's unique potential to meet rising global cocoa demand. Investment starts at N3m.
How ATE is Helping Nigerian Businesses Scale Across Africa
ATE CEO Onyekachi Izukanne explains how local production and regional sourcing can combat inflation, create skilled jobs for youth, and help SMEs expand across Africa. Discover the strategy.
North Korea Ramps Up Missile Production for 2026
North Korea's Kim Jong Un has directed factories to massively increase missile output by 2026, citing military needs and deepening cooperation with Russia. Read the full analysis.
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.
Govt Trains Scientists on mRNA Tech for Malaria Vaccines
The Federal Government has trained Nigerian scientists in mRNA technology to boost local malaria vaccine production. This initiative aims to enhance health security and reduce import dependence.
Iyabo Ojo confirms new Banana Island mansion rumours
Nollywood star Iyabo Ojo subtly confirms acquiring a new home in Banana Island, Lagos. She also reveals plans to convert her former residence into service apartments and a movie production hub.
Nigeria Aims to Resume Oil Production in Ogoniland
The Nigerian government is pushing to resume crude oil production in Ogoniland, Rivers State, marking a major shift in a long-standing dispute. Read about the new peace efforts and economic implications.
Don Calls for Urgent Action on Nigeria's Food Crisis
A professor warns Nigeria's food insecurity is a national security threat, with 26.5 million facing acute hunger. He calls for urgent action on security and production. Read more.
Tinubu hails Ogoni peace pact ahead of oil resumption
President Tinubu commends Ogoni peace efforts for oil revival, but activists demand justice and environmental cleanup first. Read the full story on the tensions and government plans.
PETROAN: N58.18tr 2026 Budget Achievable with 1.84mbpd
PETROAN endorses Nigeria's 2026 budget, citing realistic oil targets. It urges transparent privatisation of state refineries by Q1 2026 and highlights security, host communities, and regulatory funding as key to success.
Indigenous Firms Control 50% of Nigeria's Oil, Gas Output
The Independent Petroleum Producers Group (IPPG) announces indigenous firms now account for over 50% of Nigeria's crude oil and gas production. Discover the impact on energy security and sector growth.
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.
Civil Society Rates NNPC Boss High on Performance
A coalition of civil society groups has commended NNPC GCEO Engr. Bashir Bayo Ojulari for transformative leadership, citing record profits and increased oil production. Read the full appraisal here.
Civil Society Commends NNPC's Ojulari for Oil Sector Turnaround
A civil society coalition has lauded NNPC Ltd's CEO, Bashir Bayo Ojulari, for transformative leadership that increased crude production to a 36-year high of 355,000 bpd and drove record profits. Read the full appraisal.
Nigeria's Fish Production Rises to 1.4m Tonnes
Minister Oyetola reveals Nigeria's local fish output increased to 1.4 million metric tonnes in 2025, a key step for food security and reducing imports. Discover the government's strategy for growth.
Nigeria's oil rigs stuck at 41 amid OPEC expansion
Nigeria's oil rig count remained flat at 41 in November, unchanged from 2024, while OPEC nations boosted activity by 7%. Discover the structural challenges holding back Africa's top producer.
PromoPrint Marks 25 Years of Nigerian Manufacturing Resilience
PromoPrint Ventures celebrates 25 years, highlighting local manufacturing resilience, innovation, and the shift from import dependence. Read the inspiring story of Nigerian enterprise.
Dangote Aims to Make Nigeria Top Fertiliser Producer by 2028
Aliko Dangote reveals plans to quadruple urea production, positioning Nigeria as the world's leading fertiliser exporter. He urges African investors to drive continental growth.
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.
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