Nigeria: Oil Revenue – Low Production Undermines Benefits of High Crude Oil Prices

[Vanguard] Nigeria lost an estimated $839.22 million in oil revenue in the first four months of 2026 after failing to meet its 1.5 million barrels per day (mbpd) crude oil production quota set by the Organisation of Petroleum Exporting Countries (OPEC), findings by Financial Vanguard have shown.

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