Nigeria exported 126.96 million barrels of crude oil and condensates worth N2,374,564,896,000 or $7,760,016,000 in the fourth quarter of 2017 according to official documents available to Nigerian Tribune.

However, total foreign exchange inflow and outflow through the Central Bank of Nigeria (CBN) amounted to US$14.71 billion and US$8.38 billion, resulting in a net inflow of US$6.33 billion. During the three-month period under review, crude oil production, including condensates and natural gas liquids, averaged 1.80 million barrels per day (mbd) or a total of 165.60 million barrels (Mb).  

Selected by SPTEC Advisory from Tribune Online