oil production

Nigeria's non-oil exports jumped to N12.36 trillion in 2025, up from N9.09 trillion in 2024, even as crude production missed OPEC quotas for seven consecutive months, highlighting the economy's shifting dynamics amid government reforms.

NNPC reports 5.81% production increase to 1.64mb/d in January despite revenue decline, while Dangote Refinery cites fees from 47 government agencies as major cost driver amid volatile global oil markets.

AMNI International's Okoro Field drilling rig arrival underscores indigenous operator capacity as President Tinubu signals comprehensive Petroleum Industry Act review and OPEC+ weighs production increases amid Middle East tensions.

Families in three Akwa Ibom communities live metres from continuous gas flares, facing severe air and water contamination that highlights the environmental cost of Nigeria's oil extraction practices.

Nigeria's oil production declined to 1.627 million barrels per day in recent reporting, missing both budget projections and OPEC quotas, while Dangote Group signed a $400 million equipment deal with China's XCMG to double refinery capacity to 1.4 million bpd.

Nigeria's state oil company posted record 2025 revenue of N60.5 trillion with N5.7 trillion profit, while Cross River State moves toward reinstatement as oil-producing territory, potentially reshaping federal revenue allocation.