In July 2025, Nigeria’s average daily crude oil production rose to 1.507 million barrels per day (bpd), a modest increase from June’s 1.505 million bpd, according to OPEC’s latest Monthly Oil Market Report. This surpasses the Organisation of the Petroleum Exporting Countries’ (OPEC) quota for the third time this year. OPEC emphasised that these figures were obtained via direct communication with Nigerian authorities, boosting the country’s status as Africa’s leading oil producer, ahead of Algeria,...

…Tinubu Hails Milestone The Warri Refining and Petrochemical Company (WRPC), with a capacity of 125,000 barrels per day, has resumed operations, marking a significant milestone in Nigeria’s energy sector. This announcement comes just a month after the old Port Harcourt Refinery, with a capacity of 60,000 barrels per day, also commenced operations. The Nigerian National Petroleum Company Limited (NNPCL) Group Chief Executive Officer, Mele Kyari, disclosed this during a facility tour on Monday. Addressing the...

A group, The Democratic Front (TDF) has said that Nigeria is a top investment destination in oil and gas. The group noted that the announcement of a $5 billion Final Investment Decision (FID) by Shell on the Bonga North Deep Offshore field is yet another proof of the investment-friendly mindset of the Tinubu administration. In a press statement on Thursday signed by its Chairman, Mallam Danjuma Muhammad and Secretary Chief Wale Adedayo, the group noted that...

Dangote Petroleum Refinery has marked a major milestone by exporting petrol to Cameroon for the first time. The collaboration with Neptune Oil, a leading Cameroonian energy company, is being hailed as a step forward for Africa’s “regional energy integration.” Announcing the development on Wednesday, Dangote Refinery described it as a bold move to tackle rising energy demands while strengthening economic ties between Nigeria and Cameroon. “This milestone, resulting from a strategic collaboration between the two...