In a significant boost to its oil output, Nigeria’s state oil firm, the Nigerian National Petroleum Corporation (NNPC), announced on Thursday that it has increased oil production to 1.8 million barrels per day (bpd). This marks a substantial rise from the 1.3 million bpd recorded in October, as reported by the Organisation of the Petroleum Exporting Read More…
In a strongly worded statement, the Nigerian National Petroleum Company Limited (NNPC Ltd.) has categorically denied allegations leveled by former Vice President Atiku Abubakar, asserting that President Bola Ahmed Tinubu and Mr. Wale Tinubu hold a 49% stake in the OVH acquisition deal. The accusations suggest a broader scheme to entwine personal business interests with Read More…
Nigeria’s daily oil and condensate production has surged to 1.67 million barrels, marking a notable increase from the approximately one million barrels per day recorded just a few months ago. Mele Kyari, the Group Chief Executive of the state-owned Nigerian National Petroleum Corporation (NNPC), recently revealed that this transformation is due to increased security measures Read More…
