Search

Nigeria’s Oil Production Declines to 1.25 Million Barrels Per Day

Breaking News
© Allen Dreyfus
  • Oil production drops 12% since January, impacting economic recovery
  • Declines recorded across major oil-export terminals on the Atlantic coast

 

Abuja, Nigeria – Nigeria’s oil production fell to 1.25 million barrels per day in May, down 2.3% from the previous month, signalling potential delays in the country’s economic recovery, as oil remains a prime source of government revenue.

Recent Business

Photo by Omotayo Tajudeen © Unsplash /Nigeria
Nigeria inflation drops to 14.45% in November as food prices ease
Read More »
African woman with basket on her head. Photo by Ariel Nathan Ada Mbita @ Unsplash
Fitch lifts Ivory Coast rating to BB, assigns a stable outlook
Read More »
Giant solar panel. Photo by Biel Morro @ Unsplash
Major boost for Mauritania's $40bn AMAN green hydrogen project
Read More »

Recent Politics

African military exercise. Photo by Alexander McKinley @ Unsplash
Can a US-brokered deal finally end the DRC - Rwanda conflict?
Read More »
Patrice Talon, President of Benin Photo @Patrice Talon/Facebook
Benin coup attempt foiled as ECOWAS warns of regional force deployment
Read More »
William Ruto, President of The Republic of Kenya. Photo: @ William Ruto/Facebook
Ruto strengthens 2027 re-election bid as UDA sweeps key Kenya by-elections
Read More »

Latest Posts

Latest news insights