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Nigeria’s oil output jumps 5.5% as reforms spur investment

Sunset over the Cromarty Firth - famous for the shipping forecast and the place where oil rigs go to retire. Photo by Ben Wicks @ Unsplash
Sunset over the Cromarty Firth - famous for the shipping forecast and the place where oil rigs go to retire. Photo by Ben Wicks @ Unsplash

Justice Nwafor

Justice Nwafor is an award-winning journalist covering finance, energy, climate, and economic development across the region.
  • Crude and condensate output rose 5.5% year-on-year to 1.63 million bpd in August
  • Reforms unlock $18.2bn in new oil and gas development plans for 2025

 

ABUJA, NIGERIA – Nigeria’s crude oil and condensate production rose in August, signalling renewed momentum in Africa’s top oil producer as reforms and investment commitments reshape the country’s troubled upstream sector.

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