Nigeria oil revenue drop

Nigeria: NNPC Reports U.S.$226 Million Oil Revenue Drop in June

By Chineme Okafor

Earnings from oil and gas production in June were down by 44.65 per cent, indicating a value reduction of about $226.38 million between May and June 2019, data from the Nigerian National Petroleum Corporation (NNPC) have shown.

NNPC, in its June 2019 monthly financial and operations report, stated that in May, the sales value of oil and gas production in Nigeria was $547.61 million. This, however, dropped to $321.23 million in June.

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Source: allafrica.com

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