Nigeria loses N1.22trillion to deficit oil production

05/09/2022 24

Reports say Nigeria was unable to produce 22.658 million barrels of crude oil valued at N1.22trillion in the first quarter of 2022.

Figures obtained from OPEC showed that the crude oil production quota approved for Nigeria in January this year was 1.683 million barrels per day.

An analysis of data contained in various OPEC reports released in different months this year, showed that Nigeria failed to meet its oil production quotas in January, February and March 2022.

Written by: Helen Obih

Rate it

World

Sri Lanka’s Prime Minister resigns

Sri Lanka’s Prime Minister, Mahinda Rajapaksa has resigned after protests over the nation’s worsening economic crisis. A statement issued by his office revealed that Rajapaksa resigned in order to form an interim and unity government. A government official said the Prime Minister, who has dominated Sri Lankan politics for nearly 20 years, sent his letter of resignation to the president. His resignation comes hours after his party’s supporters stormed a […]

05/09/2022 20