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.




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Export And Its Components

Export and its Components: In 2015 and 2016Q1, overall export earnings declined significantly to a record low of less than $3000 million in 2016Q1, as against the peak of above $10,000 million in 2008

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

Net Foreign Exchange Flows Through The Nigerian Economy

Net Foreign Exchange Flows through the Nigerian Economy: The recent fall in foreign exchange earnings reflects the decline in both oil sector receipts from CBN, and non-oil sector inflows from autonom

Capital Importation And Budgetary Allocation (Transport Sector)

Capital Importation: Since the dramatic decline in 2013, private and government sector investments in the sector have remained low in 2016. Budgetary Allocation: Budgetary allocations to the transpo