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Latest Nigeria’s Crude Oil Exports and Non Crude Oil Exports (Updated 2018 Q2)

Nigeria Crude Oil exports was N3376.55 billion for the quarter ending March 2018

Research Team

1 min read

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Crude oil in Nigeria, Oil producing states in Nigeria, Department of Petroleum Resources, DPR yet to recognise Anambra Enugu and Kogis States as oil producers, West Africa’s crude inventory is building up as demand slows due to Coronavirus, Oil at $26, as Saudi Arabia in no retreat no surrender oil battle with Russia, Crude oil prices fall to $30 as COVID-19 erases gains from oil production cuts, Crude oil prices surge higher as Brent crude hits almost $30 per barrel , Brent crude plunges 5%, world’s second largest economy skips economic growth target

Nigeria’s Crude Oil export was N3376.55 billion for the quarter ending June 2018. This compares to a Non Crude Oil export of N734.8 billion recorded in the same quarter ending June 2018.

This is according to data recently published by the National Bureau of Statistics.

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About Crude Oil and Non-Crude Oil Exports

Nigeria’s export is divided into crude oil and non-crude oil sectors. While the oil sector represents Nigeria crude oil economy, the non-crude oil sector represents other oil economy and other sectors such as agriculture, manufacturing, raw materials, solid minerals etc.

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