NNPC Says, Nigeria made $565.5m from oil in Q1 2022

Nigeria generated $565.5m from crude oil and gas export sales in the first quarter (Q1) of 2022, according to data obtained from the Nigerian National Petroleum Company Ltd.

According to the data, the nation made $177.86m from crude oil exports and $387.72m from gas feedstock to Nigeria LNG Limited.

The NNPC data showed that in January 2022, the nation earned $75.88m from crude oil and $84.45m from gas; in February, the nation made $13.05m from crude oil and $159.58m from gas.

In March, Nigeria earned $88.93m from crude oil and $143.69m from gas.

The NNPC said, “Feedstock gas receipt was $143.69m, which also includes receipts of $54.72m and $21.29m, which were expected in the previous month but slipped into the current month. Other related NLNG receipt was $7.67m.”