Investor Presentaiton

Misfortune of low oil prices and dwindling revenue from September 2014. Nigeria's crude oil revenue has continued to suffer from continuous decline since 2012. According to Organisation of Petroleum Exporting Countries (OPEC) 2014 Statistical Bulletin, the country's crude oil earnings dropped from $94.6 million it recorded in 2012 to $89.3 million in 2013 and $76.9 million in 2014. BACKGROUND TO CURRENT ECONOMIC/SOCIAL CLIMATE (2015-2022 IN REVIEW). XCELLON CAPITAL ADVISORS PEOPLE + IDEAS + SOLUTIONS 13 © 2023, Xcellon Capital

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