Nigeria’s oil exploration drops 45% on limited activities

By Udeme Akpan, Energy Editor Nigeria’s oil exploration declined by 45 per cent month-on-month (MoM) in February 2026, driven by reduced upstream activities. Data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) showed that the nation’s rig count a key indicator of upstream oil and gas activity fell to 22 in February 2026, down from 40 recorded [] The post Nigeria’s oil exploration drops 45 on limited activities appeared first on Vanguard News.