Tag:oil production

Politics

Elumelu: Oil Theft Losses Fell From 97% to 2% Since 2023

LAGOS — Billionaire businessman and investor Tony Elumelu says oil production losses to theft on assets linked to his operations have fallen sharply, from...
Akeem Adebayo -
Energy

Tinubu’s Offshore Order Could Add 1m bpd, Unlock $50bn Investment

ABUJA — President Bola Ahmed Tinubu’s Deep Offshore Oil and Gas Project Incentives (Tax Remission) Executive Order 2026 could unlock about $50 billion in...
Akeem Adebayo -
Energy

Tinubu Approves Deep Offshore Framework to Unlock $50bn Investment

ABUJA — President Bola Ahmed Tinubu has approved a new Deep Offshore Investment Framework designed to unlock up to US$50 billion in new investment...
Akeem Adebayo -
news

NDDC Goes Digital… Ogbuku Unveils Paperless System, Lists 600km Roads, ₦6bn SME Boost

The Managing Director of the Niger Delta Development Commission (NDDC), Dr. Samuel Ogbuku, has disclosed that the Commission has fully embraced digital technology and...
Saladin Babagana -
Energy

NUPRC Hails ExxonMobil $1bn Investment, Issues New Licences

ABUJA, Nigeria  — The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has welcomed ExxonMobil’s $1 billion investment in the Usan Infill Project while awarding Petroleum...
Akeem Adebayo -
Energy

NNPC Smiles to Bank as Profit Hits N462bn, Oil Output Climbs to 1.73m Barrels Daily

  NNPC Limited has recorded a whopping ₦462 billion Profit After Tax in May 2026, as the national oil company posted improved operational and financial...
Akeem Adebayo -
Energy

Oil Theft Drop Drives Nigeria’s Output to 1.7m bpd” — Reps, HOSTCOM Credit Tantita for Recovery

Abuja, Nigeria – Nigeria’s crude oil production has climbed from below 1.2 million barrels per day to over 1.7 million bpd, with lawmakers and...
Akeem Adebayo -

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Sickle Cell: Stakeholders Demand Free Genotype Tests Nationwide

  Stakeholders, health advocates and traditional leaders have called on the Federal Government to make genotype testing free in public...
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2027: Wike to Lead Tinubu Campaign in FCT, Rivers

  Minister of the Federal Capital Territory (FCT), Nyesom Wike, has announced plans to inaugurate campaign teams for President Bola...
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Enikanolaiye Warns Foreign Missions Against Bypassing Nigeria’s Foreign Ministry

ABUJA — Minister of State for Foreign Affairs, Ambassador Sola Enikanolaiye, has warned foreign missions in Nigeria against bypassing...

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Sickle Cell: Stakeholders Demand Free Genotype Tests Nationwide

  Stakeholders, health advocates and traditional leaders have called on...
news

2027: Wike to Lead Tinubu Campaign in FCT, Rivers

  Minister of the Federal Capital Territory (FCT), Nyesom Wike,...

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