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      Tumisang Orebonye: Overcoming Against Adversity to Reach for the Stars

      ‘Winning The CAF Super Cup Is A Dream Come True’ – Orebonye

      BAA Needs Over P3m For World Champs

      Botswana’s Sporting Future in Jeopardy: School Sports Suspension Threatens Athletic Excellence

      No House For Tebogo Despite Astral Performance in Budapest

      “No Pressure for Tebogo at Diamond League Finals”

      BOKA Aims to Host Two Prestigious International Karate Competitions

      BOKA Aims to Host Two Prestigious International Karate Competitions

      FM Botswana 2022 conference: transformation towards a greener FM 

      StanChart CEO Underscores Role of UB Marathon in Boosting Botswana’s Sports Tourism

      No House For Tebogo Despite Astral Performance in Budapest

      No House For Tebogo Despite Astral Performance in Budapest

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      Nigeria’s oil output continues to fall

      mm by RMB Africa Research
      October 13, 2022
      in News
      Reading Time: 1 min read
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      Kenya oil import costs rise by 38%
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      Official government data showed that Nigeria’s oil output continued to fall in September as some onshore production almost halted.

      Specifically, Nigeria produced a daily average of 1.14 million barrels of crude oil and condensate in September, about 42,000 barrels fewer than in August. Data from the Nigerian Upstream Petroleum Regulatory Commission also shows that output has declined steadily since 1Q20 when Nigeria produced roughly double the amount.

      The government has attributed the lower output to rampant theft and vandalism on pipelines that crisscross the Nigeria delta. The lower oil output translated into Nigeria not being able to take advantage of the windfall of higher-than-expected oil prices to boost foreign currency earnings. And as a result, lower oil earnings mean that Nigeria has been unable to bolster its foreign currency reserves which have come under pressure due to continued central bank intervention to prop up the naira.

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