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Why Nigeria oil rigs might be nearing an all time low

oil rig

Lack of incentives from government, delay in passage of the Petroleum Industry Bill (PIB) among many other factors is taking its toll on Africa’s biggest oil producing country as  the country’s rig count is nearing an all time low.  Data obtained from Baker Hughes Incorporated and the Organization of Petroleum Exporting Countries (OPEC) showed since the beginning…

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