Nigeria Economic Update (Issue 18)

According to the Organization of Petroleum Exporting Countries (OPEC) May 2022 oil report, Nigeria‚Äôs oil production fell in April 2022.1 The report shows that Nigeria produced an average of 1.22 million barrels per day (mb/d) of crude oil in April 2022. This production level is approximately 18,000 barrels per day (b/d) lower than 1.24 mb/d […]