By Sunday Michael Ogwu Nigeria’s oil industry has experienced remarkable fluctuations over the past five years, impacted by both global events and internal challenges. From the disruptive effects of the COVID-19 pandemic in 2020 to the resurgence in 2024, the trajectory of Nigeria’s oil production offers an insightful reflection of not only domestic operational capabilities …
By Sunday Michael Ogwu Given the 575.5 million barrels produced throughout 2024, Nigeria’s oil industry could have generated an estimated $46.04 billion in revenue from crude oil sales in 2024. According to the most recent reconciled production data for the year by the Nigeria Upstream Petroleum Regulatory Commission (NUPRC), Nigeria, one of the top oil …
The Senate has summoned NNPCL’s Group CEO, Bayo Ojulari, to explain why the company has yet to account for N210 trillion flagged in the Auditor-General's 2017–2023 report. Senator Aliyu Wadada, Chair of the Public Accounts Committee, said the Senate is not accusing NNPCL of theft but demanding transparency in line with its oversight mandate. "We …
