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25 Sep 2020

Nigeria's Oil Sales Revenue Plummeted 75% in July

25 Sep 2020  by World-Energy   

According to Nigerian media reports on September 21, data from the Nigerian National Petroleum Corporation showed that Nigeria’s oil sales revenue in July was 55.29 million US dollars, a decrease of 75% from the previous month.

Oil and natural gas revenue accounted for 50% of Nigeria’s fiscal revenue, 90% of export revenue, and 10% of GDP.


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