As Nigeria marks its 62nd independence anniversary, many will be checking to see if there is indeed any reason for celebrations. Reasons for pessimism are not hard to find. Major statistics for the economy, security and human development paint a picture of a country in despair. Time was when the naira, Nigeria’s currency, was stronger […]
Nigeria is producing less and less oil. Here’s why
Nigeria’s oil output was at the lowest since 1990 as its crude oil production fell below 1 million barrels per day (bpd) in August 2022. And data from the Organisation of the Petroleum Exporting Countries in early September showed that Angola and Libya have overtaken Nigeria as Africa’s highest crude oil producers. The Conversation Africa’s […]