Nigeria’s Oil Output Declines in Q1 2025 Amid Global Trade Tensions
Nigeria’s crude oil production took a hit in the first quarter of 2025, reflecting the impact of global price volatility and waning international demand as trade tensions intensify. According to data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), daily crude oil output averaged 1.40 million barrels per day (mbpd) in March — a decline…
