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Nigeria OPEC Newsletter
  • Ewanehi: Nigeria needs more investment in oil exploration, production 07 Feb 2025 04:04 GMT

    … policies. The ongoing efforts by OPEC and its allies to manage … improving technological capabilities. Countries like Nigeria, Angola, and Algeria are still …

  • Naira Dips As Nigeria’s Foreign Reserves Fall by $1.34 Billion 06 Feb 2025 08:36 GMT

    … naira is the decline in Nigeria’s foreign reserves. The … also played a role in Nigeria’s economic situation. Oil … . However, production adjustments by OPEC+ (a group of major … global market fluctuations. Overall, Nigeria’s financial markets are navigating …

  • OPEC oil output falls for second month in January 06 Feb 2025 04:53 GMT

    … output in December. The Organization of the Petroleum Exporting Countries pumped 26.53 million … showed on Wednesday, with Nigeria and Iran posting the … output outside the group. OPEC+ on Monday decided to … have forecast. Output in OPEC’s top two producers, …

  • OPEC oil output declined in January – Report 06 Feb 2025 03:45 GMT

    … analysing a survey disclosed that Nigeria and Iran posted the … output outside the group. OPEC on Monday decided to stick … . Specifically, the report said Nigerian production slipped by 60,000 … reports that Nigeria is still struggling to meet its OPEC quota of …

  • OPEC’s Oil Production Continued to Decline in January 05 Feb 2025 15:37 GMT

    … Last month, all 12 OPEC producers saw their combined output … OPEC, oil firms, and consultants. Supply from Iran and Nigeria … African producer reduced exports. OPEC’s top producer Saudi … Monitoring Committee (JMMC), the OPEC+ panel monitoring the oil markets …

  • Why Trump’s oil price cut won’t budge Nigeria, OPEC 05 Feb 2025 04:52 GMT

    … energy minister and several OPEC+ counterparts held talks … automatic. Implications for Nigeria Nigeria and OPEC members, including allies, … Monitoring Committee today. Nigeria’s crude oil output … data from the Nigerian Upstream Petroleum Regulatory Commission …

  • WHAT NEXT? With local refineries, will Nigerians enjoy affordable fuel prices any time soon? 04 Feb 2025 20:49 GMT

    Nigeria, according to Organization of the Petroleum Exporting Countries (OPEC) statistical bulletin 2024, has … to these challenges, the Nigerian government subsequently invited private … players in the Nigerian downstream sector, Nigeria can unlock its …

  • OPEC to monitor oil production compliance as Nigeria eyes 2.7mbpd 05 Feb 2025 00:16 GMT

    … that allows Nigeria to remain largely within its OPEC+ crude oil … high overall conformity for OPEC and non-OPEC countries participating in … at the 38th OPEC and non-OPEC Ministerial Meeting held … by some participating OPEC and non-OPEC countries as agreed …

  • Trump’s energy policies threaten Nigeria’s oil revenue — CPPE 05 Feb 2025 00:14 GMT

    … depressing prices and putting Nigeria’s revenue under significant … , oil theft, and OPEC+ quota restrictions—raise concerns … He added, “With the Nigerian petroleum sector now deregulated, … price competition, further straining Nigeria’s already fragile oil …

  • Report: Nigeria Must Raise Oil Output by 37% to Meet N36.3trn Revenue Projection in 2025 04 Feb 2025 23:50 GMT

    Emmanuel Addeh in Abuja  Although Nigeria continues to ramp … on increased China demand, OPEC supply restriction, US shaling, … balance of payments, Nigeria requires significant increase in … and multilateral debt in Nigeria indicates potential future financial …

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