Output cut from Russia, Saudi to boost Nigeria's oil income

Output cut from Russia, Saudi to boost Nigeria’s oil income

Nigeria's oil industry accounts for around 95 percent of the country's foreign exchange earnings.

The oil revenue of Nigeria is expected to rise on the back of Saudi Arabia and Russia’s planned production cuts for next month as the country’s production keeps improving in 2023, a BusinessDay analysis has shown. Oil production in Nigeria has recorded a steady improvement since the beginning

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