Global oil prices have dropped to their lowest in nearly four years, with Brent crude falling to $59.62 per barrel. This decline, triggered by new tariffs from the US and increased OPEC production, threatens Nigeria’s oil revenue, which is crucial for the country’s fiscal health and budget...
The latest economic report released by the Central Bank of Nigeria (CBN) has revealed that Nigeria’s oil revenue declined by N62.2 billion in May 2019.
According to the CBN report, the gross revenue realised from oil sales in May 2019 was estimated at N410.18 billion, up from …
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