- There has been an increase in the price of freighting crude oil from Nigeria to Europe and America
- The cost spiked to $64,000 daily from $16,000 a day, making vessel owners steer clear of the country
- The development is also followed by tax demands from Nigeria tax agency seeking to recover taxes from 2010 to 2019
The cost of freighting oil from Nigeria has skyrocketed the highest in more than a year at the end of a week in which some vessel owners were reportedly said to be staying away from the country.
The payload for ships moving about 1 million barrels of crude from Nigeria to Europe increased by almost $16,000 daily on Friday, the biggest gain since June 2022. It soared to $64,000 daily, according to Data from Baltic Exchange.
