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Nigeria bleeds $21m daily as output gap dents oil windfall - BUSINESSDAY

MARCH 03, 2026

…FG begins direct remittance of oil revenue …Brent may hit $120- JP Morgain Africa’s biggest oil-producing country is forfeiting an estimated $21 million in oil revenue daily despite a surge in crude prices triggered by escalating geopolitical tensions in the Middle East, underscoring how chronic production shortfalls continue to blunt Nigeria’s windfall gains.

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