February 26, 2023

[GIST] Oil production slows by 13% –Report

[GIST] Oil production slows by 13% –Report

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Crude oil production which accounts for around two-thirds of government revenue and 90 per cent of its foreign exchange reserves, contracted by 13 per cent year-on-year in the fourth quarter of last year, the Nigerian Bureau of Statistics has said. The bureau in its latest report said Nigeria recorded an average oil output of 1.3


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