The official foreign exchange receipt from crude oil sales into Nigeria’s official reserves has dried up steadily from above US$3.0...
The ECB balance declined from $4.1 billion recorded in November 2014 to $472,513
The Group of Seven (G7) proposed to cap Russian crude oil at $65-$70 a barrel
Oil theft across the country reported that Nigeria lost $2 billion to oil theft in eight months.
Lagosians expressed concern about the region's impending fuel crisis
Nigeria's current oil reserves stood at 37 billion barrels
Lower U.S. oil inventories recorded last week bolstered global oil prices
Nigeria's oil production increased to 1.02 million barrels per day in October 2022.