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Nigeria regains Top spot as Africa’s number one crude oil producer ahead of Angola, Others

Nigeria regains its position as the largest oil producing Nation in Africa after the Organization of Petroleum for Exporting Countries, OPEC released their monthly oil market reports.

Africa's number one oil producer

FMT BLOG gathered that Angola produced more crude oil than Nigeria in April. Nigeria which has always been the top oil producer has now reclaimed the position surpassing Libya and Angola who reportedly produced 1.18 million barrels daily in May.

According to Direct Communication, Nigeria’s crude volume rose by 185,000 barrels from 999,000 barrels in April to 1.18 million. Libya fell behind Nigeria, after its crude production volume dropped by 52,000 barrels to 1.15 million barrels per day, from 1.21 million output the month before.


With 1.11 million barrels per day during the review period, up from 1.06 million barrels the month prior, Angola took third place. Algeria, which held the fourth position on the list with 962,000 barrels per day, is also included.

Algeria recorded a 37,000-barrel decrease in oil production from its April figure of 999,000 barrels.

The data also shows that in the first quarter of 2023, the GDP of Nigeria grew by 2.4% every year. The study, however, cites several issues, including a reduction in crude oil output, as the cause of the Economy’s sluggish development.

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Pen Gossiper

Hi, I'm [Oluwafemi Talabi, popularly known as PEN GOSSIPER], and I'm passionate about bringing you the latest and most relevant news from around the world. I started this blog in [2016] as a way to share my insights and opinions on current events, politics, culture, and more. My goal is to inform, educate, and entertain you with engaging and well-researched content. Whether you're looking for breaking news, analysis, commentary, or stories that matter, you'll find them here on [FMT BLOG]. I hope you enjoy reading my blog as much as I enjoy writing it. Thank you for your support and feedback. Feel free to contact me anytime at []

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