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Crude Oil Price (US$/Barrel), Production (mbd) and Export (mbd)


Crude Oil Price (US$/Barrel), Production (mbd) and Export (mbd)
Year 2014
Month
October
 November December
Crude Oil Price (Bonny Light) 83.50 80.42 63.28
Domestic Production 2.21 2.18 2.23
Crude Oil Export 1.76 1.73 1.78
       
Note: mbd means million barrels per day
Source: Nigerian National Petroleum Corporation (NNPC) and Reuters
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Facts : 1/16/2006
The Cowry:The Cowry has, for centuries, served our people as an important form of currency. In 1860 the following system was in use: 40 Cowries formed a "String"; 50 Strings made a "head" and 10 heads comprised a "bag". In Lagos in 1865 one bag of 20,000 shells was exchanged for one or two English Pounds.
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