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Tag Archives: Bonny Light crude oil

Nigeria economy on good trend as Bonny Light crude oil hits $67.10 a barrel

Crude oil pipeline

Earlier indications that Nigeria’s economy will look good this year are still emerging. The latest is the price of Nigeria’s Bonny Light crude oil which is currently cruising at $67.10 per barrel to become the highest priced product among members of Organisation of the Petroleum Exporting Countries (OPEC). Already, manufacturers are said to be getting seamless access to forex since ...

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Two months after, Nigeria loses Africa’s top oil producer position to Angola again

OPEC Ibe kachukwu

Barely two months after recovering the African top oil producer from Angola, Nigeria has lost the position again to the same country following drop in crude sales traced to oil theft surge in recent times. Nigeria’s crude oil production fell by 156,900 barrels per day (bpd) to 1.269 million bpd in March, from 1.426mbpd recorded in February. Consequently, the country ...

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