Urgent.News

What's breaking now, across thousands of outlets.

Business

RENEWED HOPE IN CRUDE OIL PRODUCTION

Tantita Security is living up to its obligations, reckons JACK OKUDE Nigeria’s crude oil output is climbing. And for the first time in as many years, it has edged past

Nigeria's crude oil output is increasing, hitting a record high of 1.555 million barrels per day in June 2026. This is the highest monthly level since April 2020. Analysts credit the efforts of Tantita Security Services, a private security outfit, for the rising production volume. Tantita, promoted by ex-militant leader Chief Government Ekpemupolo, took over oil infrastructure surveillance in August 2022.

Its success can be attributed to its 100 percent home-grown team, who understand the region's dynamics and topography better than anyone else. Since Tantita's appointment, oil production has exceeded Nigeria's OPEC quota of 1.5 million barrels per day, while crude oil theft has significantly decreased. This surge in production has led to increased revenue for Nigeria, attracting over $50 billion in Foreign Direct Investment (FDI) commitments from major companies in various sectors.

The Tantita Security Services' award for Outstanding Security Surveillance further highlights the importance of home-grown solutions in overcoming national challenges and fostering economic growth.

Written by urgent.news from This Day's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at thisdaylive.com →

More in Business

More from Tuesday 25 August →