According to NUPRC, Nigeria’s current production rate, including crude oil and condensates, has reached 1.8 million barrels per day (bpd), up from 1.54 million bpd in September, with plans to push this figure to 2 million bpd by year-end.
Crude oil theft may have cost the country a whopping N1.9tn revenue loss in July, according to analysis by The PUNCH.