Nigeria’s oil GDP hits lowest since 2015
Despite oil prices trading at an average of $101 per barrel, the decline in oil production in 2022 exposed the fragile state of Nigeria’s oil sector, as real growth of the country’s oil GDP…
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Nigeria Oil Sector
Oil sector contracts 11% as oil production hits lowest since 2014
Despite oil prices trading at over $100 per barrel, 60 percent higher than a year earlier, the latest data from the National Bureau of Statistics (NBS) has exposed the fragile state of…
Nigeria mulls emergency declaration in troubled oil sector
The Nigerian government is considering declaring a state of emergency in the oil sector following continuing sabotage of oil and gas assets in the Niger Delta.
“The imperative is on…
Nigeria’s oil sector still struggling for survival
Nigeria’s oil and gas sector struggled for survival in the first half of 2022, despite surging crude oil prices and the current reconfiguration of the global oil market.
On 24, February…
Privatise NNPC, replicate NLNG model in oil sector to exit economic crisis, experts…
There is need for a larger role for the private sector in the Nigerian economy, according to experts, who also urge reforms that include privatising the Nigerian National Petroleum…