Oil output surpasses 1.5mbpd, first time in 4 years

Nigeria’s oil windfall comes at a cost of living crisis for households

Nigeria, Africa’s leading oil producer, has crossed the 1.5 million barrels per day (bpd) threshold in crude oil production, surpassing its December 2024 quota set by the Organisation of Petroleum Exporting Countries (OPEC). According to tanker tracking data compiled by Bloomberg, Nigeria’s o

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