Nigeria's crude oil and condensate production dropped to an average of 1.581 million barrels per day (bpd) in September 2025 following a three-day industrial action by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), the … Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader Nigeria's Oil output falls to 1.58m bpd amid PENGASSAN strike By Enitan Ajebukola Ajewumi on October 13, 2025 Nigeria's crude oil and condensate production dropped to an average of 1.581 million barrels per day (bpd) in September 2025 following a three-day industrial action by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has disclosed. According to official figures released in Abuja, the total comprised 1.39 million bpd of crude oil and 191,373 bpd of condensate. The NUPRC attributed the decline to the labour action, which temporarily shut down several production and export facilities. In addition, two major facilities underwent scheduled turnaround maintenance, further constraining output, said Eniola Akinkuotu, Head of Media and Strategic Communication at the NUPRC. Despite the setback, total crude oil and condensate production for the month stood at 47.43 million barrels, representing a 1.61% year-on-year increase, slightly above the 1.55 million bpd recorded in September 2024. However, on a month-on-month basis, production dipped 3.09% from 1.63 million bpd in August 2025. The regulator added that September's crude output reached 93% of Nigeria's OPEC quota of 1.5 million bpd. Read also, Nigeria's Oil output falls to 1.58m bpd amid PENGASSAN strike The value of being consistent when no one's watching CPPE backs fiscal reforms, urges states to rein In spending He traded $320Billion for $800 and taught the world a lesson about fear Africa's mining industry poised for $847bn boom by 2031 During the period, production peaked at 1.81 million bpd and fell as low as 1.35 million bpd, highlighting the strike's sharp impact on output. Breakdown by top streams showed Forcados Blend led with 15.86%, followed by Bonny Light (13.31%), Qua Iboe (9.88%), Escravos Light (8.96%), and Bonga (6.83%). Others included Agbami (4.94%), Erha (4.55%), and Amenam (4.2%). Meanwhile, in a letter to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), NNPC Ltd. projected revenue losses from deferred production and missed gas sales due to the strike. Chief Executive Officer, Bayo Ojulari, said the disruption led to a 16% loss in oil output, with production deferments of 283,000 bpd of oil, 1.7 billion standard cubic feet of gas, and over 1,200MW in power generation. "This equates to about 16% of national oil output, 30% of marketed gas, and 20% of power generation," Ojulari stated, adding that five critical maintenance projects were delayed and the restoration of 100,000 bpd of oil and 1.34 bscf of gas had been postponed.

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In a world obsessed with quick wins and recognition, consistency has become an underrated superpower. Many people work hard only when there's applause, supervision, or reward in sight — but the real growth happens in the quiet moments when no one is… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader The value of being consistent when no one's watching By Olamide Adedara on October 13, 2025 In a world obsessed with quick wins and recognition, consistency has become an underrated superpower. Many people work hard only when there's applause, supervision, or reward in sight — but the real growth happens in the quiet moments when no one is paying attention. Why Consistency Matters It builds credibility. Anyone can show up once with great results, but the professionals who consistently deliver — even on ordinary days — are the ones leaders trust. Consistency turns effort into reputation. Small actions compound over time. You don't get promoted overnight; it's the product of showing up, improving, and staying reliable day after day. The people who make real progress understand that small, steady effort beats bursts of brilliance. Discipline outlasts motivation. Motivation comes and goes, but discipline — the ability to keep going when it's boring or hard — is what separates average employees from extraordinary ones. How to Build Consistency Set routines that support your goals. Make success a habit, not an event. Track your progress. Seeing your small wins keeps you committed. Show up even when you don't feel like it. That's when consistency counts the most. Be patient with results. Growth takes time — but every consistent action moves you forward. Final Thought True professionals aren't defined by how they act in the spotlight but by how they perform in the shadows. When you stay consistent — even when unseen — you build a foundation so strong that opportunities can't help but find you.

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The Centre for the Promotion of Private Enterprise (CPPE) has commended Nigeria's ongoing fiscal and tax reforms for boosting revenue and improving fiscal stability but urged state governments to demonstrate greater financial discipline to ensure the … Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader CPPE backs fiscal reforms, urges states to rein In spending By Enitan Ajebukola Ajewumi on October 13, 2025 The Centre for the Promotion of Private Enterprise (CPPE) has commended Nigeria's ongoing fiscal and tax reforms for boosting revenue and improving fiscal stability but urged state governments to demonstrate greater financial discipline to ensure the benefits reach the wider economy. In a policy review released yesterday, CPPE Chief Executive, Dr. Muda Yusuf, said the reforms implemented in the past two years have delivered significant progress in revenue mobilisation and fiscal sustainability. He noted that landmark measures such as fuel subsidy removal and exchange rate unification have expanded government revenues, improved fiscal space, and strengthened public investment capacity. The CPPE report urged government at all levels to focus on revenue diversification, efficient spending, and linking fiscal outcomes to real economic performance. Yusuf also highlighted that new tax measures have introduced reliefs for producers and priority sectors, including higher exemption thresholds for small businesses and zero-rated VAT on essential goods such as food, pharmaceuticals, and educational materials. Read also, CPPE backs fiscal reforms, urges states to rein In spending He traded $320Billion for $800 and taught the world a lesson about fear Africa's mining industry poised for $847bn boom by 2031 President Tinubu reaffirms support for youth innovation, small businesses Nigeria launches digitalisation of public schools, distributes smart boards nationwide He, however, cautioned that high compliance costs and increased capital gains tax could affect private investment, calling for continuous stakeholder engagement and flexible implementation. Comparing national budgets across Africa, Yusuf observed that Nigeria's $36.7 billion federal budget remains modest relative to South Africa's $141 billion, Egypt's $91 billion, and Morocco's $73 billion, underscoring limited fiscal capacity for transformative investment. He recommended that spending priorities focus on infrastructure, productivity, food security, security, and human capital to improve competitiveness and inclusive growth. The CPPE also called for stronger fiscal discipline and transparency among state governments, urging them to align budgets with local economic needs and reduce overreliance on federal allocations. Yusuf further advised that fiscal assessments be adjusted for inflation and exchange rate effects, while the government continues to broaden the tax base, enhance non-tax revenue, and prioritise high-impact spending.

SMALL BUSINESS INSIGHTS © 2025. Unsubscribe or manage your email subscriptions. Get the Jetpack app Subscribe, bookmark, and get real‑time notifications - all from one app! Automattic, Inc. 60 29th St. #343, San Francisco, CA 94110