Nigeria Regains Top Spot In African Oil Production

Nigeria has reclaimed its position as Africa’s leading oil producer, according to the latest report from the Organization of the Petroleum Exporting Countries (OPEC) released on Tuesday. The report indicates Nigeria’s average daily crude oil production reached 1.28 million barrels per day (bpd) in April.

This represents a 4.07 percent increase from March’s output of 1.23 million bpd, marking the first month-on-month production rise for Nigeria this year. This increase secures Nigeria’s position ahead of Algeria, the continent’s second-largest producer, currently at 907,000 bpd.