<< Back             Poser >> Nigeria’s daily oil production rises 4.2% to 1.54mbpd — NUPRC By Obas Esiedesa The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) yesterday said that Nigeria’s oil production rose by 4.2 per cent to 1.546 million barrels per day (mbpd) in March 2026, compared to 1.483 mbpd recorded in February. In its oil production status report released yesterday, the Commission said crude oil production (excluding condensate) increased by 5.2 per cent to 1.382 mbpd in March from 1.313 mbpd in February. Despite the improvement, Nigeria fell short of its Organisation of Petroleum Exporting Countries (OPEC) quota of 1.5 mbpd for the third consecutive month. Output also remained below the 1.84 mbpd benchmark set in the 2026 budget. NUPRC reported that the lowest daily production recorded in March was 1.4 mbpd, while the highest reached 1.84 mbpd. The Commission had, however, indicated last week that production had rebounded to 1.84 mbpd with the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun commending NUPRC for the improvement in output. Describing the development as “fantastic news,” the minister said the current production level aligns with the directive of President Bola Tinubu to ramp up oil output. “It is heartening that you can tell us that you are doing 1.84 million barrels per day. That is totally in line with the President’s directive,” Edun said, urging the commission to sustain the momentum. Vanguard Business News	Ghana government misses GH¢4.89b Treasury Bill target The Ghana government fell short of its Treasury Bill target, raising GH¢4 billion against a goal of GH¢4.89 billion in the latest auction. Boosted by FTSE Russell Reclassification, MTN, Others’ Market Value Up N93.6trn  Kayode Tokede  Following FTSE Russell reclassification of Nigeria’s from unclassified to Frontier Market status in its interim review, the market valuation of  MTN Nigeria Communications Plc  Plc and 12 others Nigeria’s daily oil production rises 4.2% to 1.54mbpd — NUPRC By Obas Esiedesa The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) yesterday said that Nigeria’s oil production rose by 4.2 per cent to 1.546 million barrels per day (mbpd) in March 2026, compared to 1.483 mbpd recorded in February. In its oil production status report released yesterday, the Commission said crude oil production (excluding condensate) increased by […] Dangote Sugar shareholders approve N500bn Rights Issue for strategic expansion By Udeme Akpan Dangote Sugar Refinery Plc has received shareholders’ approval for a N500 billion Rights Issue, thus positioning the company to strengthen its financial standing, expand capital base, accelerate strategic initiatives, and aid its backward integration projects. The approval was given at the company’s 20th Annual General Meeting held yesterday in Lagos during which […] Inflation rise poses significant risks to business sustainability — LCCI The Lagos Chamber of Commerce and Industry (LCCI) has said that the uptick in inflation in the month of March poses significant risks to business sustainability. This is coming at the backdrop of the latest headline inflation figure which shows a rise to 15.38% in March 2026, up from 15.06% in February as reported by the National […] Tinubu approves $75m investment in Flutterwave ahead of IPO President Bola Tinubu has approved a $75 million investment into Flutterwave as plans are nearing completion for the company’s initial public offering (IPO).