Oil earnings – InfoStride News

Oil Earnings Threatened as Explosion Rocks 450,000BPD Pipeline

Temitope Nlewemchi — Wed, 23 Jul 2025 22:50:30 +0000

Nigeria’s oil revenue faces a major setback following an explosion at a key crude oil pipeline capable of transporting 450,000 barrels per day (BPD). The incident, which occurred in a strategic oil-producing region, has raised concerns over supply disruptions, potential revenue losses, and heightened security risks in the sector. Preliminary reports indicate that the explosion, [...]

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Nigeria’s Oil Earnings May Surge to N6.9tn Monthly Amid Production Increase

Temitope Nlewemchi — Fri, 15 Nov 2024 15:18:58 +0000

Nigeria’s oil sector is poised for a significant revenue boost, with monthly earnings projected to reach N6.9 trillion as production levels rise, according to recent industry estimates. This comes on the back of improved crude oil output and stable global oil prices, signaling a potential turning point for the nation’s economy. Production Recovery and Growth [...]

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