Rig count in delta fails to match Nigeria's 1.7mbpd target
The decline in oil rigs in Nigeria is threatening the government’s move to raise oil production to 1.7 million barrels...
- Sunday, June 21, 2026
BusinessDay
The decline in oil rigs in Nigeria is threatening the government’s move to raise oil production to 1.7 million barrels...
Nigeria’s oil industry is facing a stark reality check as it needs 45 new rigs to reach “normal” production levels...
In April 2021, the Nigerian government let out a $1.5 billion contract to Italian Marie Technimont for the rehabilitation of...
Abbey Mortgage Bank, a mortgage lender in Nigeria, has announced the appointment of Adenike Kuti as a new independent non-executive...
Micheal Oni, CEO Jewelrybyquila, a provider of exquisite jewellery, has said the company is committed to offering customers the ultimate...
Fresh facts seen by BusinessDay have unveiled the length at which Nigerian National Petroleum Company (NNPC) Ltd went to secure...
The pricing of petrol and the volatility in the foreign exchange market are pulling the plug on marketers’ efforts to...
Oil marketers, who imported petrol about four months ago have stopped importing the product into Nigeria, raising an air of...
The Nigerian government’s ambitious 2024 budget faces a tightrope walk, with its success heavily dependent on curbing oil theft and...
Nigeria, Africa’s largest oil producer, sits on a wealth of 37.1 billion barrels of proved crude oil reserves, but its...