Search
Sign in
North Africa
Central Africa
East Africa
West Africa
Southern Africa

Nigeria’s oil output jumps 5.5% as reforms spur investment

Sunset over the Cromarty Firth - famous for the shipping forecast and the place where oil rigs go to retire. Photo by Ben Wicks @ Unsplash
Sunset over the Cromarty Firth - famous for the shipping forecast and the place where oil rigs go to retire. Photo by Ben Wicks @ Unsplash

Justice Nwafor

Justice Nwafor is an award-winning journalist covering finance, energy, climate, and economic development across the region.
  • Crude and condensate output rose 5.5% year-on-year to 1.63 million bpd in August
  • Reforms unlock $18.2bn in new oil and gas development plans for 2025

 

ABUJA, NIGERIA – Nigeria’s crude oil and condensate production rose in August, signalling renewed momentum in Africa’s top oil producer as reforms and investment commitments reshape the country’s troubled upstream sector.

Stay ahead with Real time Updates

Recent Business

Photo by Guy Basabose @ Unsplash
DR Congo’s $50 million FX boost fails to shift deep dollarisation
18/11/2025
2 minutes ago
Eric Kasongo
Read More »
A community in Mozambique. Photo by Farah Nabil @ Unsplash
Mozambique cuts interest rates again as debt delays shake liquidity
18/11/2025
2 hours ago
Justice Nwafor
Read More »
Mobile phone usage in Africa is high. Photo by Zac Wolff @ Unsplash
Rwanda, Tanzania advance payment-link plan in boost to East Africa’s digital economy
18/11/2025
4 hours ago
Ahmed Boulor
Read More »
Custom Research

Recent Politics

Kenya's ODM split over age, factions and 2027 political strategy. Photo @ The ODM Party/Facebook
Can Oburu Oginga hold Kenya’s ODM together after Raila Odinga’s death?
17/11/2025
1 day ago
Wanderi Kamau
Read More »
Patrice Talon, President of Benin Photo @Patrice Talon/Facebook
Benin extends presidential term from five to seven years
16/11/2025
1 day ago
Kent Mensah
Read More »
Bassirou Diomaye Faye, President of Senegal. Photo @ Office of President, Senegal/Facebook
Senegal’s soaring presidency budget sparks scrutiny amid economic strain
14/11/2025
4 days ago
Alhousseiny Djigo
Read More »

Latest Posts

Latest news insights

Photo by Guy Basabose @ Unsplash
Read More »
DR Congo’s $50 million FX boost fails to shift deep dollarisation
A community in Mozambique. Photo by Farah Nabil @ Unsplash
Read More »
Mozambique cuts interest rates again as debt delays shake liquidity
Mobile phone usage in Africa is high. Photo by Zac Wolff @ Unsplash
Read More »
Rwanda, Tanzania advance payment-link plan in boost to East Africa’s digital economy
A happy cocoa farmer. Photo @ Pixabay
Read More »
Ghana loses $1.1bn to cocoa smuggling in three-year border crisis
A community in Mozambique. Photo by Farah Nabil @ Unsplash
Read More »
Mozambique cuts interest rates again as debt delays shake liquidity
Mobile phone usage in Africa is high. Photo by Zac Wolff @ Unsplash
Read More »
Rwanda, Tanzania advance payment-link plan in boost to East Africa’s digital economy
A happy cocoa farmer. Photo @ Pixabay
Read More »
Ghana loses $1.1bn to cocoa smuggling in three-year border crisis
A shopper at a supermarket. Photo @ Unsplash
Read More »
Nigeria’s annual inflation slowed to 16% in October
Mobile phone usage in Africa is high. Photo by Zac Wolff @ Unsplash
Read More »
Rwanda, Tanzania advance payment-link plan in boost to East Africa’s digital economy
A happy cocoa farmer. Photo @ Pixabay
Read More »
Ghana loses $1.1bn to cocoa smuggling in three-year border crisis
A shopper at a supermarket. Photo @ Unsplash
Read More »
Nigeria’s annual inflation slowed to 16% in October
Gold mine. Photo by Ricardo Gomez Angel @ Unsplash
Read More »
Australian gold miner Skylark Minerals makes $4mn push into Côte d’Ivoire