Nigeria: Govt sets 2016 oil revenue target at $4bn on declining oil prices

Oscarline Onwuemenyi 23 December 2015, Sweetcrude, Abuja — The Federal government said on Tuesday it anticipates to earn N820 billion ($4 billion) from oil exports in 2016. The calculation is based on a production assumption of 2.2 million barrels per day (b/d) and a benchmark price of $38/barrel. This compares to this year’s projected oil […] More »