Crude oil production

The September performance represented an increase of 30,000 barrels per day, or about two percent, from the 1.50mbpd recorded in August, according to OPEC’s latest Monthly Oil Market Report released on Tuesday.

A statement issued by the Head of Media and Corporate Communications at the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Eniola Akinkuotu, said the August figure represented a 0.4 per cent increase from the previous month.

Lagos State emerged as Nigeria’s biggest recipient of FAAC allocations in the first half of 2026, receiving N365.78bn and overtaking oil-producing states including Delta and Rivers in the ranking. Lagos’ allocation jumped 54.39 percent year-on-year from N236.92bn, with...

Aradel Holdings and Seplat Energy ended the first half of 2026 with combined assets of ₦19.11tn, reflecting the growing scale of Nigeria’s indigenous upstream oil companies. Aradel accounted for ₦10.87trn of the combined asset base after consolidating major...

August 03, (THEWILL) — The decision of the Senate Committee on Public Accounts to commence public hearings on August 3, into over $21 billion in allegedly unremitted oil revenue identified in the Nigeria Extractive Industries Transparency Initiative (NEITI) audit...

August 15, (THEWILL) — The Federal Government has announced that for the first time in many years, it has met the oil and gas sector revenue benchmark for year 2025. The Chairman of the Federal Inland Revenue Service (FIRS), Dr...

February 27, (THEWILL) - _"Speak the truth. Transparency breeds legitimacy.”_John C. Maxwell. Former Vice President Atiku Abubakar, through a statement on January 25, 2024, asked President Bola Tinubu to account for the Nigerian National Petroleum Company Limited’s $3.3 billion...

February 27, (THEWILL) - The Senate President of the Federal Republic, Senator Godswill Akpabio, has been urged to lead the National Assembly in collaboration with the Executive and the Judiciary, to create a better future for Nigeria. Chief Ndueso Essien,...