Federal Character
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
Federal Character
No Result
View All Result
Home Business & Finance

Nigeria’s Oil Output Rises 13% to 1.7 Million Barrels Per Day

Nnaemeka OkwarabyNnaemeka Okwara
December 11, 2024
in Business & Finance
0
Nigeria’s Oil Output Rises 13% to 1.7 Million Barrels Per Day
Share on FacebookShare on TwitterShare on Whatsapp

In November 2024, Nigeria’s crude oil production, including condensate, went up by 13.3% compared to the same month in 2023. It reached 1.7 million barrels per day (bpd), up from 1.5 million bpd in November 2023. This is also a 10% increase from October 2024, when production was 1.5 million bpd. These numbers come from the latest report by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).

The NUPRC’s Nigeria Oil Production Output Report, released recently, shows that this is the highest production level in the country for 2024. The report also says that Nigeria’s output was 1.6 million bpd in January 2024, then dropped to 1.5 million bpd, and has now risen to the current level.

 

Experts have noted that the rise in oil production is a positive development for Nigeria’s 2025 budget. This increase helps meet the country’s financial goals and improves income chances.

Even though oil production increased, prices went down a little on Tuesday. This happened because people are less worried about problems in the area after the recent change in leadership in Syria.

The main global oil price, Brent crude, decreased by 0.11% to $72.06 for each barrel. At the same time, West Texas Intermediate (WTI) fell by 0.20% to $68.23 per barrel. This was the price at 9:50 a.m. WAT.

Tags: BarrelsBusinessfederal characterNewsNigeriaNigeria’s Oil Output Rises 13% to 1.7 Million Barrels Per DayOil Output
Nnaemeka Okwara

Nnaemeka Okwara

Okwara Nnaemeka Emmanuel is a skilled wordsmith, passionate blogger, and content writer with a degree in Media Content, He has made a significant mark in the industry. He also holds certification in Marketing and advertising. He has honed a unique blend of creativity and strategic thinking.Driven by a belief in the power of creativity, He has established a niche for himself in diverse regions, leaving a trail of successful projects and satisfied clients. His ability to craft compelling narratives and engage audiences sets him apart in the competitive world of content creation.As a dedicated professional, He continues to push boundaries and set new landmarks in their field. Whether it's through captivating blog posts, persuasive copywriting, or innovative content strategies, Nnaemeka’s consistently delivers excellence, leaving a long lasting impact

Related Posts

Dangote Group Disowns Killer Truck in Ondo Crash
Business & Finance

Dangote Group Disowns Killer Truck in Ondo Crash

October 23, 2025
October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose
Business & Finance

October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose

October 23, 2025
October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose
Business & Finance

October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose

October 22, 2025
Next Post
AIF2024: Nigeria’s Agro-Industrial Project Secures $2.2 Billion Investment Boost

AIF2024: Nigeria’s Agro-Industrial Project Secures $2.2 Billion Investment Boost

NOA Translating Tinubu’s Tax Reform Bills into 36 Nigerian Languages

NOA Translating Tinubu’s Tax Reform Bills into 36 Nigerian Languages

TikTok Canada Fights Shutdown Orders in Court

TikTok Canada Fights Shutdown Orders in Court

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Nigeria wins gold, silver, and bronze at the commonwealth games

Nigeria wins gold, silver, and bronze at the commonwealth games

3 years ago
Senate Endorses Appointment of Three Additional Ministerial Nominees

Senate Endorses Appointment of Three Additional Ministerial Nominees

2 years ago
Jayson Tatum’s Triple-Double Leads Celtics to Statement Win Over Bulls

Jayson Tatum’s Triple-Double Leads Celtics to Statement Win Over Bulls

10 months ago
Hezbollah Weakened as Lebanon’s New Government Emerges

Hezbollah Weakened as Lebanon’s New Government Emerges

9 months ago

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

Topics

2023 Aboki/Bureau De Change (BDC) apc Arsenal buhari Business cbn chelsea china court Davido Dollar Efcc Election Entertainment Euro and Pounds To Naira Exchange Rate For Today exchange rates for the Nigerian Naira (NGN) Fashion federal character federal government Finance food Football Foreign News government health inec Israel lagos Manchester United Naira Naira Black Market exchange rates News Nigeria pdp police Politics president protest Russia Sports tinubu trump ukraine US
No Result
View All Result

Highlights

Baltimore City Police Who Stole $215k Retains Pension

APC’s New Apostle: Amupitan Says God Sent Him to Fix Elections

Dangote Group Disowns Killer Truck in Ondo Crash

Messi has commit to Miami signing a new contract extension till 2028

Why Making Music in Nigeria is Expensive — Bella Shmurda Speaks

Nnamdi Kanu Fires Legal Team in Open Court, Vows to Defend Himself

Trending

Why Hawaii Is Not Part Of NATO
Government

Why Hawaii Is Not Part Of NATO

byEriki Joan Ugunushe
October 23, 2025
0

It sounds strange that Hawaii, a proud US state and home to one of the world’s most...

The Sound of Resistance: Plastic Whistles Become an Unlikely Anti-ICE Tool in Chicago

The Sound of Resistance: Plastic Whistles Become an Unlikely Anti-ICE Tool in Chicago

October 23, 2025
Release Sowore or Face Mass Protests, Tinubu Government IS Warned

Release Sowore or Face Mass Protests, Tinubu Government IS Warned

October 23, 2025
Baltimore City Police Who Stole $215k Retains Pension

Baltimore City Police Who Stole $215k Retains Pension

October 23, 2025
APC’s New Apostle: Amupitan Says God Sent Him to Fix Elections

APC’s New Apostle: Amupitan Says God Sent Him to Fix Elections

October 23, 2025

We launched Federal Character in February 2021 based on the belief that the world is in need of smarter and more efficient reporting of events shaping our rapidly changing world. We pledged to put our audience first, always.

Recent News

  • Why Hawaii Is Not Part Of NATO
  • The Sound of Resistance: Plastic Whistles Become an Unlikely Anti-ICE Tool in Chicago
  • Release Sowore or Face Mass Protests, Tinubu Government IS Warned

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

© 2024 FederalCharacter.com

No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion

© 2024 Federalcharacter.com