Nigeria’s oil rig count falls for first time in 2022

Africa’s largest economy has seen a decline in its oil rig count for the first time in 2022.

Nigeria recorded a nine percent decrease month-on-month in August 2022, data obtained from the Organization of the Petroleum Exporting Countries (OPEC) have shown.

According to the OPEC data, the country’s oil rig, which depicts the level of…

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