NIGERIA’S OIL EARNINGS DROP TO $460M PER MONTH, LOSES $3.9B OF CRUDE TO THEFT, 133TCF OF GAS UNLOCKED

The sliding crude oil prices at the international market have pushed the nation’s crude export earnings further down to about $460 per month.

Former Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Joseph Dawha, who disclosed this at the Nigerian Annual International Conference and Exhibition of the Society of Petroleum Engineers (SPE) in Lagos yesterday, said the price decline has seriously impacted the national purse, thereby constraining it to meet certain financial obligations.

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