Nigeria’s oil output has reportedly failed to rise in line with increased rig deployment over the past decade. The development highlights a disconnect between drilling activity and crude production, relevant to investors monitoring Nigeria’s listed oil and gas sector.
Twenty-three stocks listed on the Nigerian Exchange have reportedly delivered returns above Nigeria’s inflation rate in 2026. The report highlights nominal gains among selected NGX equities despite a challenging macroeconomic environment, but does not identify the companies or provide individual performance figures in the supplied text.
BusinessDay reports that Nigeria’s renewed plan to list Nigerian National Petroleum Company Limited on the Nigerian Exchange has been welcomed, while noting delays in advancing the proposed listing. The development could expand listed oil and gas representation on the domestic equities market.
Atiku Abubakar has reiterated his proposal to restore Nigeria’s fuel subsidy, while opponents questioned the policy and his change in position. Any shift in subsidy policy could affect fuel pricing, government finances, inflation and operating conditions for listed oil and gas companies, although no specific market reaction is reported.
Former Vice President Atiku Abubakar criticised President Bola Tinubu’s fuel subsidy removal and said he would restore a targeted subsidy if elected. He also accused the administration of presenting the policy as reform while providing fiscal concessions to oil investors.
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