Nigeria’s crude oil and condensate production rose by 0.4 per cent to 1,677,777 barrels per day (bpd) in August 2026.

The Nigeria Upstream Petroleum Regulatory Commission (NUPRC) disclosed this in its crude oil and condensate statistics report released on Sunday.

The commission said crude oil production, excluding condensate, averaged 1,500,190 bpd during the month under review.

It added that Nigeria met its Organisation of Petroleum Exporting Countries (OPEC) crude oil quota for the fourth consecutive month.

According to the report, combined crude oil and condensate production fluctuated between a daily low of 1.

The report showed that Bonny Terminal recorded the highest average production at 320.04 thousand barrels per day (kbpd).

Forcados Terminal followed closely, recording an average daily production of 317.40 kbpd during the month.

 “Qua Iboe Terminal recorded an average production of 171.72kbpd of crude oil and condensates,” the report said.

It added that Escravos Oil Terminal recorded a daily average production of 131.71 kbpd during the period.

Bonga ranked fifth among the highest-producing terminals, with an average output of 92.50 kbpd of crude oil.

The NUPRC attributed the modest increase in August production largely to the resolution of operational challenges involving the Single Buoy Mooring (SBM) at the Erha field.

The commission said the challenges had adversely affected production performance in the preceding month.

It explained that restoring normal evacuation and production operations at the Erha field contributed positively to overall production volumes in August.

“Production activities across most other producing assets remained relatively stable,” the report said.

It said operators continued implementing measures to optimise production efficiency, maintain asset integrity and minimise operational disruptions.

The commission added that routine production and crude evacuation operations were generally sustained across the industry during the period.

 “These supported the observed improvement in output,” it said.

The report described the August increase as modest but said it reflected continuing industry efforts to address operational bottlenecks.

It said stakeholders were also working to restore affected production capacity and support sustained growth in the coming months.

The commission said operators remained focused on improving asset reliability and operational resilience across Nigeria’s upstream petroleum sector.

It added that intervention programmes were being advanced to strengthen production performance and reduce disruptions.

The August performance, according to the NUPRC, underscored the importance of resolving operational constraints promptly.

It also highlighted the need for effective asset management and continued collaboration among industry stakeholders.

Such measures, the commission said, remained critical to safeguarding and improving Nigeria’s crude oil production capacity. (NAN)

The Transmission Company of Nigeria (TCN) has announced the tripping of the 100 Mega Volt Ampère (MVA) TR4 transformer at the 132/33 Kilo Volt (KV) Apo Transmission Substation.

The management of the company announced this in a statement on its X handle in Abuja on Wednesday.

According to TCN, preliminary findings indicate oil spillage on the Red Phase HV bushing of the transformer.

“Four 33kV feeders, including feeders H31, H33, H35, and H37 are currently out of supply.

“Our maintenance crew are already carrying out a detailed investigation on the transformer, to ascertain the exact cause of the tripping to enable TCN effect repairs and restore back the transformer.

“We regret the inconvenience this may cause Abuja Electricity Distribution Company (AEDC)’s customers supplied from the affected feeders,” it said.

The company also assured the affected customers that its engineers were doing everything possible to ensure a quick restoration of bulk power supply through the affected transformer.(NAN)

The Executive Secretary of the Economic Commission for Africa (ECA) said productive capacity, AfCFTA and investment are key to accelerating sustainable graduation of African Least Developed Countries (LDCs).

The ECA Executive Secretary, Claver Gatete, said this in a statement on Wednesday in Abuja.

Gatete spoke at the Africa Regional Ministerial Mid-Term Review of the Doha Programme of Action (DPoA) 2022–2031 in Addis Ababa.

He said 32 of the world’s 44 LDCs were in Africa, making the continent’s progress critical to the success of the DPoA.

Gatete acknowledged progress in women’s parliamentary representation, child survival, water and sanitation, electricity access and internet usage since 2021.

He, however, said progress remained uneven, with social protection coverage declining from 9.4 per cent in 2021 to 8.6 per cent.

He said that food insecurity had worsened, while African LDCs continued to account for less than one per cent of global merchandise trade.

According to him, value added manufacturing accounts for only about nine per cent of GDP, while infrastructure and digital gaps constrain productivity.

Gatete said limited productive capacity was restricting industrialisation, job creation and economic resilience across African LDCs.

He stressed the need to invest in reliable energy, transport infrastructure, skills, digital connectivity and technology to strengthen productive capacity.

The ECA chief also called for accelerated industrialisation and diversification to reduce dependence on commodities and low-value economic activities.

He said productive capacity must be matched with access to larger markets, stressing that African LDCs could not transform within domestic markets alone.

Gatete identified the African Continental Free Trade Area (AfCFTA) as an opportunity to create regional value chains and expand markets for African businesses.

He said regional integration would help African LDCs diversify, become more competitive and strengthen their participation in the global economy.

On financing, Gatete said domestic resource mobilisation remained important but could not on its own meet the investment needs of African LDCs.

He called for greater access to affordable, predictable development finance and increased private investment in productive sectors.

Gatete urged international financial institutions and development partners to respond to the specific circumstances and financing challenges facing LDCs.

He said graduation should not merely involve crossing a statistical threshold but should deliver stronger economies, greater resilience and sustainable development gains.

According to him, the ministerial review should identify concrete measures for accelerating DPoA implementation during its remaining years.

He said the outcome would contribute to Africa’s position at the global mid-term review of the DPoA scheduled for Doha next March.

He urged participants to present evidence of progress, identify challenges and develop practical solutions aligned with the ambitions of Agenda 2063.

“Building productive capacity, expanding markets through AfCFTA and mobilising investment remain critical to accelerating sustainable graduation.

“The measures will help deliver lasting development gains for Africa’s Least Developed Countries,” he said.(NAN)