Nigeria’s government revenue fell 15 percent in January as falling oil prices eroded the income of Africa’s biggest crude producer.
Revenue fell to 416.1 billion naira ($2.1 billion) in January compared with 490 billion naira a month earlier, Accountant-General Jonah Otunla said Wednesday in an e-mailed statement. The volume of oil exports declined 33 percent in November and December, resulting in $159.88 million of lost revenue, Otunla said.
