Nigeria earns $2.5bn from oil, gas exports over 12 months

According to the Nigerian National Petroleum Corporation (NNPC), Nigeria’s total crude oil and gas export receipt from March 2016 to March 2017 stood at $2.50 billion, The Guardian reports.
NNPC, which made this disclosure in its latest financial report released at the weekend, said the sum of $2.29 billion was transferred to Joint Venture (JV) Cash Calls in line with the 2016 approved budget and pending 2017 budget approval.
NNPC explained: “A total export sale of $361.95 million was recorded in March 2017. This is $98.84 million higher than the preceding month’s performance. Crude oil export sales contributed $255.50 million of the dollar transactions compared with $157.65 million contribution in the previous month.” Read more