Nigeria’s Oil Exploration Drops 45% on Decline in Rig Activity
Nigeria’s oil exploration recorded a 45 per cent month-on-month decline in February 2026, largely due to reduced upstream activities. Data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) showed that the country’s rig count , a key indicator of oil and gas exploration, fell to 22 in February, down from 40 in January 2026. Although […]













