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Financial expert wants Nigeria’s crude oil priced in Naira
In the face of the weakening Naira, Mr Okechukwu Unegbu, a finance expert has suggested that Nigeria’s major revenue resource, crude oil, be priced in Naira rather than the dollar. This, he said, would strengthen the Naira and make it more valuable. “I have argued this in the past, but the authorities did not listen,…
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Nigeria’s crude oil production increases by 70,000bpd – Reuters Survey
Nigeria’s crude oil production increased by 70,000 barrels per day in May according to a Reuters Survey released on Tuesday. The document, which was obtained by the News Agency of Nigeria (NAN) in Lagos, showed that the country’s crude oil production averaged 1.42mbpd in May. The figure is 70,000bpd higher than the average crude oil…