In February, Nigeria’s oil production surpassed its OPEC quota of 1.5 million barrels per day by 70,000 barrels per day, indicating a notable increase in output. The nation experienced the second-highest rise in production among OPEC nations, aiding in the group’s total increase of 170,000 barrels per day to reach 26.74 million barrels per day last month. Iran took the lead as Nigeria’s oil production exceeded its OPEC quota in February.