Here is how the oil price surge worsened revenue, expenditure concerns for Nigeria The price of crude oil, Nigeria’s biggest revenue earner, on Tuesday hit $70.20 a barrel for the first time in two years. This surge, last seen since May 2019, was on investors’ optimism that improving oil demand and a dwindling supply glut may mean the market can absorb any additional supply from OPEC and its allies. The new price surge is a mixed grill for Nigeria as it should receive the highest revenues on crude…
Read MoreOil Hits Two Year-High, Skyrockets to $70.20 Per Barrel
