The Minister of State and Petroleum Resources, Dr Emmanuel Ibe Kachikwu, on July 25, 2017 announced that Nigeria has agreed to its cap oil output at 1.8 million barrels per day (bpd). A day prior his announcement, the Organisation of Oil Producing Exporting Countries (OPEC) had moved to cap Nigerian oil output, and had called … Continue reading Nigeria’s oil revenue decline, capped oil output: Who is losing?