Nigeria loses N636bn revenue as oil production dips

Nigeria loses N636bn revenue as oil production dips

The repeated slump in Nigeria’s monthly oil outputs since January 2024 has resulted in a revenue loss of about N636.3bn, findings by Sunday PUNCH shows. Oil production data obtained from a Federal Government agency indicated that Nigeria produced 1.43 million barrels of crude oil (excluding condensates) in January this year, but this nosedived to 1.25mbpd

 
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Source: Nigeria loses N636bn revenue as oil production dips

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