By Ediri Ejoh
The Federal Government’s (FG) crude oil export earnings fell 14.41 percent to $31.54 billion in 2025 from $36.85 billion recorded in the corresponding period of 2024.
The drop was attributed to lower international crude oil prices arising from a global supply glut in the review period.
The Central Bank of Nigeria, CBN, made this disclosure in its 2025 Annual report and statement of account released yesterday.
The report stated: “Crude oil export earnings fell by 14.41 per cent to $31.54 billion, relative to $36.85 billion in 2024.”
