This is compared with 106.41 dollars per barrel recorded on Tuesday, according to OPEC Secretariat calculations as released on Thursday.
“Let everybody check his own part and do the right thing. That is what I will advocate. The blame is not just on oil companies,” said NOSDRA director-general.
The Nigeria Economic Summit Group (NESG) published its macroeconomic outlook this week.
A Reuters survey showed that Nigeria’s production output averaged 1.42mbpd in May.
Financial Express reported that the increase in imports up to $4.67 billion from a year before, had been attributed to the discounted prices offered by Russian suppliers.
The drop follows a decrease of 24,000 barrels per day compared to the 1.378 million barrels per day produced on average in February 2022.
Meanwhile, lawmakers urged Mr Buhari to declare a state of emergency in conveying crude oil and mandated the strict monitoring of pipelines.
Crude oil theft is a huge threat to actualising the objectives of the Petroleum Industry Act (PIA), experts in the oil and gas sector have said.
Shell has been beset by myriads of challenges ranging from oil theft to pipeline sabotage, as well as agitations by local communities over oil spills.
Gold and cocoa export earnings, on the other hand, went up by 9.1 per cent and 2.1 per cent, respectively.
