The latest March 2024 Monthly Oil Market Report of the Organization of Petroleum Exporting Countries (OPEC) has shown with data that the number of functional oil drilling rigs across the Nigeria increased marginally to 16 in February.  This is amidst fluctuation of production in the country's average crude oil production between December 2023 and February 2024. The country produced 1.47mbpd in 2023, while production in February decreased by 6.33% m/m to 1.54 million barrels per day (mbpd) in February 2024, down from 1.63mbpd in January 2024. The data released by the OPEC showed that...