Nigeria has been dethroned as Africa’s largest oil producer. Nigeria’s oil production is now below that of Angola after various attacks on energy infrastructure by a new militant group called the Niger Delta Avengers, according to the BBC . Data cited by RBC Capital Markets’ commodities team in an early-May research note shows that Angola’s oil production held steady in April at 1.8 million barrels a day while Nigeria’s slipped to 1.69 million b/d. And Nigeria’s has fallen even further since. Production is down to 1.4 million b/d, according to a Monday report from Reuters Africa . These outages reflect the deteriorating political and security dynamics that pose an immediate threat to Nigeria’s oil output. And they come as the country continues to suffer from numerous economic headaches including lower oil prices and the government’s controversial foreign-exchange and price-control policies . RBC Capital Markets Since the Buhari administration ordered […]