Nigeria Generates N397bn From LNG, LPG Export

Nigeria earned N397 billion from the export of Liquefied Natural Gas, LNG and Liquefied Petroleum Gas, LPG, also known as cooking gas, in the third quarter of 2017.

Data obtained from the National Bureau of Statistics, NBS revealed that the country exported LNG valued at N386 billion, while cooking gas export stood at N12 billion.

In the third quarter, Nigeria exported most products to Europe, with an export value of more than N1 trillion, Asia N1.1 trillion and America N827 billion.

The Value of Exports to Neighboring African countries stood at more than N300 billion.