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LequteMan
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Nigeria has lost a staggering $22.53m (N4.48bn) in crude oil revenue for the month of June, the Accountant General of the Federation, Ahmed Idris, has revealed.
The loss is attributed to the declining trend in crude oil prices at the international oil market.
According to Idris, oil price dropped from $65.76 per barrel in May to $61.27 in June 2015.
The Organisation of Petroleum Exporting Countries, OPEC, secretariat calculation showed that daily basket price of 12 crudes dropped to $40.47 per barrel on Tuesday, from $40.67 on Monday.
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The loss is attributed to the declining trend in crude oil prices at the international oil market.
According to Idris, oil price dropped from $65.76 per barrel in May to $61.27 in June 2015.
The Organisation of Petroleum Exporting Countries, OPEC, secretariat calculation showed that daily basket price of 12 crudes dropped to $40.47 per barrel on Tuesday, from $40.67 on Monday.
Premium Times
