The Journal seeks to become the most reliable, first-choice Pan-Nigerian information and public knowledge platform. The Journal Nigeria is a serious Journalism from an African Worldview
The Journal seeks to become the most reliable, first-choice Pan-Nigerian information and public knowledge platform. The Journal Nigeria is a serious Journalism from an African Worldview
The latest monthly oil market report from the Organisation of the Petroleum Exporting Countries (OPEC) registers a modest drop in Nigerian crude production: a loss of 5,000 barrels per day, sliding the country down to 1.50 million barrels per day. It marks the second straight month of declines, a quiet admission that the…
Nigeria produced 1,677,777 barrels of crude oil and condensate a day in August 2026, keeping the country within its assigned OPEC ceiling for a fourth straight month even as output remained well short of the level the Federal Government needs to fund its own budget. The figure, released on Sunday by the Nigerian Upstream…
Nigeria has failed to meet its oil production target for the ninth consecutive month. Fresh data from the upstream regulator shows the country pumped 1.49 million barrels per day in April. This falls just short of the 1.5 million barrels promised to OPEC. While the volume represents an improvement over March, it confirms a stubborn…
Nigeria’s fiscal prospects have brightened as the price of its premium crude grades, Brass River and Qua Iboe, soared to $113 per barrel on Thursday. This valuation places Nigerian oil significantly above the international Brent benchmark, which currently trades at $96 per barrel. The surge coincides with a jump in domestic production, which has reached…