Nigeria’s national oil company NNPC reported that pipeline theft has been nearly eradicated, with receipts approaching 100% and oil output rising to 1.8 mbpd, the highest since November 2024. CEO Bayo Ojulari said production could reach 2.5 mbpd in 2026, a level not seen since 2005, if remaining challenges are resolved. Higher output would boost both fiscal and external balances.