‘Nigeria’s Crude Oil Revenue May Decline by $10bn in 2015’

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Should crude oil prices remain volatile, averaging $53 in 2015, the Oil Producers Trade Section (OPTS) has estimated that Nigeria’s revenue from oil and gas sales could be cut by about $10 billion or 30 per cent. OPTS, through its chairperson and Managing Director of Total Upstream Companies in Nigeria, Elisabeth Proust, said on Thursday … Read more