The Organization of Petroleum Exporting Countries (OPEC) has revealed that Nigeria has regained its status as Africa’s leading oil producer.
OPEC in its Oil Market Report for December 2022 revealed that based on direct communication, Nigeria recorded 1.18 million barrels per day, the highest on record in seven months.
When the worth of crude oil produced is computed using the average price of $87 it averaged in the month, Nigeria produced $97 million in crude oil each day, or $3.09 billion (N1.33 trillion) in November.
