Search

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

  • 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.

You need an active subscription to continue reading this article.

Recent Business

breaking_news
Egypt Secures $100 Million Islamic Bank Financing to Boost Private Sector Growth
Read More »
breaking_news
Ghana’s Inflation Declines for First Time in Five Months
Read More »
generic-1-1024x683
Ghana Names Asiamah as Central Bank Governor as Addison Retires
Read More »

Recent Politics

generic-1-1024x683
Ghana Names Asiamah as Central Bank Governor as Addison Retires
Read More »
breaking_news
ECOWAS to Maintain Trade Ties with Burkina Faso, Mali, and Niger
Read More »
Ethiopia, Tigray Valley, day life
Cash Withdrawals Surge in Tigray Amid Instability Fears
Read More »

Latest Posts

Latest news insights