*NIGERIA'S GREAT NEWS*

Abuja (Nigeria's Capital) City Gate

OIL RISE gives Nigeria some good news after its budget gets delayed.....again.

Nigeria earned 557.9 billion naira {$1.8 billion} in gross revenues last month up from 538.9 billion naira in January.

This was thanks to higher crude oil exports and prices. Ahmed Idris, the accountant general, said Thursday as reported by Reuters.

But, earlier this week, it was announced that Nigeria's annual budget announcement was to be pushed back yet again.

Nigeria's state revenue for February of this year edged up by 19 billion naira [$ 53 million], it was announced Thursday, though chaotic fiscal management has meant that its budget announcement has been pushed back yet again.

Nigeria earned 557.9 billion naira {$1.8 billion} in gross revenues last month, up from 538.9 billion naira in January.

This was thanks to higher crude, oil exports and prices. Ahmed Idris, the accountant general, said Thursday, as reported by Reuters.

This comes as Nigeria moves past its recession of 2016. in which the country's economy shrank by  1.58 percent according to its National Bureau of Statistics.

According to the International Monetary Fund {IMF}, Nigeria - which is Africa's largest economy and easily the continent's most populous - which grew by 2.1 percent in 2018.

''Rising oil prices, new foreign exchange measures, attracted yields on government securities, and a tighter monetary policy have made foreign exchange more readily available and helped contain inflation.

Consequently investors are returning to Nigeria,'' said the IMF earlier in March. [CNBC]