Nigeria’s oil output hits 1.78mbpd in July, reduces H1 $5.3b revenue shortfall

Nigeria’s crude oil production rose to a peak of 1.78 million barrels per day (mbpd) in July, the highest level recorded year-to-date (YTD). The July production was about a five per cent uptrend compared to the 1.7 mbpd average output recorded in June.