CBN Framework for Regulatory Sandbox Operations & QR Payments
Nigeria is one of the world's largest producers of crude oil. The country currently produces an average of 2.5 million barrels of crude oil per day. This makes her the 10th largest producer of crude oil in the world and the 6th largest exporter among OPEC members. Production capacity currently stands at about 3 million barrels per day whilst reserves is about 35 billion barrels which the government intends to increase to 40 billion barrels by the year 2010.
Federal Character Indebtedness To Government etc To Be Considered In The Upcoming Marginal Fields Bid Rounds