Nigeria has recorded a 22 percent increase in the number of operational oil rigs, marking a strong rebound in upstream activity and underscoring renewed investor confidence following recent government reforms.
Data from the Organisation of the Petroleum Exporting Countries (OPEC) shows that the country operated 11 rigs in June 2025, up from nine in May. This makes June the second-highest rig count recorded this year, after January’s peak of 12 rigs. The figures reveal a steady recovery in upstream operations, reversing years of stagnation ca
