Nigeria’s average daily crude oil production has fallen again below the quota allocated by the Organisation of the Petroleum Exporting Countries. Oil production figures released by the Nigerian ...

This development follows concerns that crude oil output could be disrupted by the unrest and disapproval trailing the appointment of a sole administrator in Rivers State, Vice Admiral Ibok Ete Ibas.

Nigeria’s crude oil production declined from 98% of the Organisation of Petroleum Exporting Countries (OPEC) quota of February 2025 to 93% of the quota in March 2025. In its document titled ...

Nigeria’s oil production output dropped by 50,000 barrels a day to an average of 1.5 million per day, in line with its quota. Also, loading of the country’s Bonny Light crude grade faced ...