Nigeria’s Oil Revenues Slump 98% In April ...Middle East

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Nigeria’s Oil Revenues Slump 98% In April
source : OILPRICE ( Middle East ) () 11
Nigeria’s crude oil export revenues slumped by as much as 98 percent from March to April this year because of movements in the price of gasoline, the Nigerian National Petroleum Corporation said, as quoted by local media. “No remittance to Federation Account in April for May 2021 FAAC due to recorded value shortfall resulting from difference between the landing cost and ex-coastal price of Premium Motor Spirit recorded in March 2021,” the NNPC said as quoted by the Punch. The April revenues from oil exports stood at $1.764 million…

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