Nigeria finally doing something right with oil production

So Nigeria actually exceeded OPEC quota in May 2026 with 1.53 million bpd of crude plus 170,000 bpd condensates. Total 1.7 million bpd. That is the highest since July 2025. Bonny and Forcados terminals carried the load with almost 300,000 bpd each.

But the funny thing is NNPC and security agencies are still arresting pipeline vandals in FCT. They caught three suspects in Piri and Pai communities after joint inspection with ONSA special team. Andy Odeh confirmed it. 24 attacks recorded in 2025 and first half of 2026 alone. So we are producing more but thieves are still working overtime.

If oil prices stay around $100 per barrel this could actually help forex situation. But we have seen this movie before. Production goes up, something happens, we are back to square one. You think this time will be different?