December 16, 2024/CSL Research According to the Nigeria Upstream Petroleum Regulatory Commission (NUPRC), crude oil production, including condensates, increased by 10% in November to 1.69 million barrels per day (mbpd), up from 1.54 mbpd in October, its highest level since March 2021. Excluding condensates, crude oil production also saw a […]

December 13, 2024/Oilprice.com Michael Kern Editor, Oilprice.com Oil prices are climbing once again as geopolitical risk rises and the threat of new U.S. sanctions on Russia’s shadow fleet threatens supply. Oil prices have finally outgrown the pains of the OPEC+ meeting, with the potential threat of sanctions now front and […]

December 12, 2024/CSL Research According to the National Bureau of Statistics (NBS), aggregate Value Added Tax (VAT) for Q3 2024 was reported at ₦1.78 trillion, a growth of 14.16% from ₦1.56 trillion in Q2 2024. Breakdown of the Q3 figures shows that local VAT payments amounted to ₦922.87 billion, a […]