Nigeria’s oil output wobbles after 10yrs of increase in rigs

Vanguard News | 24-08-2026 05:42am |

Nigeria's oil output has stagnated despite a decade-long increase in rig count, with a 20.8% drop in five mature assets. This has reduced Nigeria's influence within OPEC+. Experts attribute the decline to mature fields and slow development of new wells, calling for urgent action.

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