Tag
JULY
The average retail price for refilling a 5kg cylinder of Liquefied Petroleum Gas (cooking gas) in Nigeria dropped by 14.23% in July 2024, falling from N6,966.03 in June to N5,974.55.
Nigeria’s crude oil production in the month of July rose to 1.307 million barrels of crude oil daily according to the monthly oil market report of the Organisation of Petroleum Exporting Countries (OPEC).
Business activities in Nigeria’s private sector contracted for the first time since November 2023 in July mainly due to reduction in new orders and high prices limiting demand.
OPEC has increased Nigeria’s crude oil production quota from 1.766 million barrels a day in June to 1.799 million barrels per day for the month of July.