Nigeria made $565.5m from oil in Q1 – NNPC


Group Managing Director of NNPC Mele KyariNigeria made $565.5m in crude oil and gas export sales in the first quarter of 2022, according to data from the Nigerian National Petroleum Company Ltd.

According to the data, the nation made $177.86m from crude oil exports and $387.72m from gas feedstock to Nigeria LNG

The NNPC data indicates that in January 2022, the nation earned $75.88m from crude oil and $84.45m from gas; in February, the nation earned $13.05m from crude oil and $159.58m from gas.

In March, Nigeria earned $88.93m from crude oil and $143.69m from gas.

The NNPC said, “Feedstock gas receipt was $143.69m, which also includes receipts of $54.72m and $21.29m, which were expected in the previous month but slipped into the current month. Other related NLNG receipt was $7.67m.”

Previous Article

OPEC raises Nigeria’s oil production quota despite low output

Next Article

Forex remittances crash by 48% amid dollar shortage – CBN report

You may also like

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.