Nigeria Economic Chart Park

Crude Oil Price

Crude Oil Price (US$/Barrel)

Volatile: reviving crude oil price, 2016Q2

Crude Oil Export and Production (MBPD)

Volatile: declining crude oil production, 2016Q2

Crude Oil Price: Crude oil price attained a historical low of $30.7 in January 2016 largely due to excess global oil supply.

Crude Oil Production and Export: Oil production has continued to fall in recent times on the account of sabotage on oil facilities, while crude oil export has also maintained a downward trend on the account of falling demand particularly from Asia.




Related

 

Internally Generated Revenue

Internally Generated Revenue: Total internally generated revenue particularly declined across the 36 states in Nigeria, in 2015. This is attributable to the weak macroeconomic and financial conditions

Real GDP Growth Rate

On average, Nigerias GDP growth rate has averaged about 5 percent; attaining an unusual trough of nearly -10 percent in 2003Q4 and a peak of nearly 20 percent in 2004Q4. However, the Nigerian economy

Real GDP Growth Rate- Nigeria And Selected African Economies

Real GDP Growth Rate- Nigeria and selected African Economies: While GDP growth in selected African economies have generally declined at different magnitudes with the slump in commodity prices, other e

Appropriation Act (Budget)

Appropriation Act (Budget): Capital expenditure remarkably increased in 2016 relative to preceding year, on the account of the present governments renewed commitment to infrastructure development.