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Macroeconomy
OIL AND GAS
Nigeria’s oil output hits 74-month high, beats OPEC quota
The Punch
Jul 13, 2026 · 07:37 WAT
Nigeria's crude oil production rose to a 74-month high in June 2026, surpassing its OPEC quota for the fourth consecutive month. This increase represents a sustained improvement in national oil output, supporting foreign exchange inflows and fiscal stability.