Nigeria's leading finance and market intelligence news report.

Production troubles force oil firms to defer $1.6bn crude output in 1yr

Due to above-the-ground challenges, oil companies in Nigeria deferred the production of over $1.6 billion worth of crude oil between January 2020 and January 2021, in an economy with a yawning need for cash. Shut-ins at several crude oil terminals in Nigeria due to force majeures, leaks, and other technical challenges mean that crude oil…

Don’t miss another story

Become a BusinessDay Subscriber today.

For insights, facts, figures, and access to opportunities.
Options starting from N1000 Monthly
Already a subsriber?
Whatsapp mobile

Get real time updates directly on you device, subscribe now.

Comments are closed.