Nigeria’s federal government has revealed that the country earned over N1.68 trillion from oil in June
The report by the Nigeria Upstream Petroleum Regulatory Commission also indicated an increase in oil production.
The commission stated that the country increased its oil output to 1,248,960 million barrels per day to emerge as Africa’s largest oil producer.
Nigeria’s crude oil revenues increased to over N1.68 trillion in June 2023 as the country shored up its output last month, according to an analysis of oil production figures released by the federal government.
Data released by Nigeria Upstream Petroleum Regulatory Commission (NUPRC) on Thursday, July 13, 2023, showed that crude oil production rose to 1,248,960 million barrels daily.
President Bola Tinubu is seen below raising his fist as Nigeria earns more from crude oil sales.
