In May 2026, Nigeria's crude oil production exceeded its OPEC quota, achieving an average output of 1,530,354 barrels per day, the highest level recorded in 15 months. This increase in production underscores Nigeria's position as Africa's leading oil producer. The latest data reflects a significant recovery in the country's oil sector, which has faced various challenges in recent years. The rise in output is expected to have positive implications for Nigeria's economy and its standing within the global oil market.
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