Tag Archives: Oil

Nigeria, which again lost its Africa’s top oil producer status to Angola in January, has recorded further decline in its crude oil production, a new report from the Organisation of Petroleum Exporting Countries has indicated. OPEC, in its Monthly Oil Market Report for March 2017, put crude oil production from Nigeria at 1.526 million barrels per day in February, down …

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Fuel scarcity looms over FG’s oil marketers $1.7bn Nigerians maybe thrown into another round of hardship, as the country may soon witnessed excruciating fuel scarcity in the next couple of weeks, owning to disclosure by oil marketers that they are running out of patience over the Federal Government’s refusal to pay its $1.7 billion debt owed them since May 2015. …

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