Extractive 360
NEWS
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143Nigeria Exceeds OPEC Quota As Production Hits 11-month High
Nigeria’s crude oil production has surged to an 11-month high in May, 2026, with the country exceeding its Organisation of the Petroleum...
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115Dangote Refinery Increases Crude Oil Processing Capacity To 700,000 bpd
Dangote Petroleum Refinery and Petrochemicals has increased its crude oil processing capacity to 700,000 barrels per day (bpd), surpassing its official nameplate...
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229Nigeria’s Oil Sector Transforms As Local Firms Rise, Investment Surges, Regulator Says
Nigeria’s oil and gas sector is undergoing a significant shift, driven by rising local participation, climate commitments and renewed investor interest, according...
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218
UAE Exit From OPEC Signals Need To Reassess Nigeria’s Oil Strategy – Expert
Billy Gillis-Harry, an energy expert, says the United Arab Emirates’ (UAE) exit from the OPEC signals the need for Nigeria to reassess...
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189Tinubu Sacks Mohammed, Appoints Umar As New NMDPRA CEO
President Bola Tinubu has approved the removal of Mr Saidu Mohammed as the Authority Chief Executive of the Nigerian Midstream and Downstream...
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182Oil Output Drops To 1.51mbpd In February As NNPC Remits N1.804trn
Crude oil and condensate fell to an average of 1.51 million barrels per day (mbpd) in February 2026, even as the Nigerian...
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252PTDF Prioritises Human Capital Development To Drive Nigeria’s Oil, Gas Transformation
The Petroleum Technology Development Fund (PTDF) says its primary contribution to the transformation of Nigeria’s oil and gas sector remains human capital...
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454Lagos Emerges Top, As PEBEC Names Nigeria’s Performing States In Ease Of Doing Business
By Stephanie Odiase Lagos state has emerged Nigeria’s best preforming state in the Ease of Doing Business Ranking for 2025, released on...
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336
Tinubu Signs Executive Order Mandating Direct Remittance Of Oil, Gas Revenues To Federation Account
President Bola Tinubu has issued an Executive Order (EO) to safeguard and enhance oil and gas revenues for the Federation, curb wasteful...