Nigeria Revenue Drops to 5-Year Low as Tax, Oil Income Fall

Updated on
  • Federal, state local governments given $1.5 billion in March
  • Risk of social unrest as state workers go unpaid, Exotix says

Nigeria’s revenue fell last month to the lowest level in more than five years as taxes and oil earnings dropped, making it more difficult for the government of Africa’s largest economy to pay public workers.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.