Nigeria has steadily overtaken Angola as the top oil and gas producer in Africa, with an increased out put of 91,500 barrels per day (bpd) in February 2018. Angola, which is Nigeria’s rival in terms of crude oil production in sub-Saharan Africa, surpassed Nigeria with over 200,000 bpd since 2016 due to the renewed militancy in the Niger Delta, which led to drastic drop in the country’s output. For instance, while Nigeria’s crude oil output in second quarter of 2017 stood at 1.485 million barrels per day, Angola’s production was 1.635 million barrels per day. Angola upstaged Nigeria with 1.668 million barrels per day in the third quarter of 2017, while Nigeria’s output was 1.572 million barrels per day. But Nigeria began to surpass Angola in crude oil production from December 2017 with an output of 1.569 million bpd. For example, while Angola produced 1.548 million bpd in December […]