Nigeria is facing great challenges salvaging the oil sector following deep cut by oil thieves. The drop in crude oil production from 1.32 million barrels per day in February to 1.23mbpd in March, indicates that output plunged by 91,000bpd. This translates to a loss of N720 billion according to records. For decades, Nigeria has been plagued by oil theft and pipeline vandalism and to recover the losses, the Federal Government has been tasked to recalibrate the security architecture in the Niger Delta to curb the menace. However, this is coming…
Read MoreNigeria Boosts Oil Reserves To 37.5bn Barrels
