Nigeria’s crude oil production averaged 1.45 million bpd in September: OPEC
The Organisation of the Petroleum Exporting Countries (OPEC) says Nigeria’s crude oil production averaged 1.451 million barrels per day in September 2021.
OPEC made this known in its Oil Market Report for October 2021 which was obtained by the News Agency of Nigeria (NAN) on Wednesday in Lagos.
The report said the figure showed an increment of 156 barrels per day when compared to the 1.296 million barrels per day produced averagely in the month of August 2021.
It also noted that Nigeria’s non-oil economic activities grew despite the lingering effects of the current COVID-19 wave.
The report said: “The Stanbic IBTC Bank Purchasing Managers’ Index (PMI) edged up to 52.3 in September from 52.2 in August, remarking the 15th consecutive monthly expansion.
“Yet labour market pressures continued to be a concern.
“Recently released National Bureau of Statistics data indicated that the unemployment rate increased to 33.30 per cent in the fourth quarter of 2020 from 27.10 per cent in the second quarter 2020.”
It said however, both consumer and business confidence have increased, driven by the overall positive sentiments related to the easing of COVID-19 restrictions and rising commodity prices.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
States
Fire service rescues man trapped under collapsed Kano wall
The PRO said that the victim was rescued alive and conveyed to the Murtala Muhammed Specialist Hospital, Kano State.
Heading 1
Alake of Egbaland endorses PDP candidate Adebutu for 2027 Ogun governorship race
Mr Adebutu accused successive administrations of denying local governments the financial independence needed to drive development.
Hot news Home top
Tinubu urges ECOWAS to present united voice against Afro-phobic attacks in South Africa
Mr Tinubu condemned, in the strongest terms, the recent attacks on Nigerian citizens and other Africans in the Republic of South Africa.
Hot news Home top
How I took N1million ransom to Osun after my five-year-old daughter’s abduction from Ibadan home: Mother
Mrs Gbemiga said the abduction caused anxiety and led to a call from an unknown person who initially demanded N10 million ransom.
Heading 3
Three youngsters die, one battling for life as speeding vehicle rams into Abuja bridge
A FRSC Route Commander, Jubrin Lawal, who led the rescue operation, said that three of the four men in the vehicle died on the spot.
NationWide
NRS gives large taxpayers July 31 deadline for e-invoicing compliance
Mr Adekambi described large taxpayers as companies with gross turnover of N5 billion and above.
