Tag Archives: Oil Production

Nigeria’s oil production, including condensates, increased to 2.07 million barrels per day (bpd) last month from 2.02 million bpd in March. It rose by 11 per cent from the level it was in April 2017 acordingto Platts report, citing estimates from the Ministry of Petroleum Resources. Since militant violence in the Niger Delta abated in the second half of last …

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Federal Government said drop in headline inflation, increase in the nation’s Foreign Exchange Reserve and rise in crude oil production as well as improvement in public electricity generation the economy has witnessed collectively marked its rebound out of recession. The government said the National grid capacity rose to 6,900 megawatts in September and National Electricity Regulations Commission (NERC) would this …

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Restoring oil production output our immediate priority – Udoma The Minister of Budget and National Planning, Senator Udoma Udo Udoma, says Nigeria’s immediate priority is to get oil production output back to the desired level to secure revenue needed to diversify the economy. Senator Udoma told the United Nations Development Programme (UNDP) Regional Director for Africa, Mr Abdoulaye Mar Deiye, in …

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The Federal Government said, yesterday, that procurement procedure and low revenue were responsible for the delay in capital releases to service the 2016 Budget. The Minister of Budget and Planning, Senator   Udoma Udoma, disclosed this, in Abuja, while briefing the Sen. Danjuma Goje-led   Senate Committee on Appropriations, on the  2016 budget implementation. He lamented the level of performance …

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