Tag Archives: Export Revenue

Nigeria earned N207.54bn from crude oil and gas export in the first half of this year, falling short of the Federal Government’s target of N661.38bn. Oil constituted 61 per cent of the gross federally-collected revenue of N4.40tn in the period, while non-oil accounted for the balance of 39 per cent, according to a new economic report from the Central Bank …

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Nigeria recorded the second biggest decline in oil export revenue among its peers in the Organisation of Petroleum Exporting Countries last year, amid persistent low oil prices and production disruptions. The country’s oil export revenue fell to $26bn last year from $37bn in 2015, the US Energy Information Administration said in its OPEC Revenues Fact Sheet. Following the resurgence of …

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