Nigeria: Oil Price Fall - Nigeria Loses U.S.$62.8 Million in One Month

16 January 2015

THE crude oil price slump globally has continued to take its toll on Nigeria's revenue, leading to loss of over $62.8 million revenue between November and December last year.

And the development has led to a further dip in part of the country's fiscal buffers - the Excess Crude Account (ECA) slid further down from its $3.1 billion level last month to $2.49billion.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.