NNPC

Nigeria

Nigeria’s Oil Output Hits 1.6 Million BPD: A Fragile Recovery in a Saturated Global Market

Nigeria has reported a significant milestone in its energy sector recovery, with the state-owned Nigerian National Petroleum Company Limited (NNPC) announcing that total crude oil and condensate production reached 1.6 million barrels per day (bpd) in November 2025. This production surge marks a critical turning point for Africa’s

Nigeria

Fuel Shockwaves: NNPC's Latest Petrol Price Hike Ignites Economic Fears Across Nigeria

The recent petrol price hike, effective Monday, October 13, 2025, saw significant increments across key Nigerian cities. In Lagos, the pump price of petrol jumped by N127, moving from N865 per litre to a staggering N992 per litre. Similarly, in the nation's capital, Abuja, the price increased by