Nigeria’s crude oil revenue suffered a setback in July, with the country losing approximately N249 billion due to a significant drop in oil output. The latest...
The Nigeria Extractive Industries Transparency Initiative (NEITI) disclosed on Wednesday that Nigeria has raked in revenue of $741.5 billion from the oil and gas sector and...
Nigeria, Africa's largest crude oil producer, generated N5.14 trillion in revenue from crude oil in the first quarter (Q1) of 2023.
A series of structural adjustments made by the Nigerian National Petroleum Corporation (NNPC) Limited at plugging crude oil leakages, vandalism and other forms of theft have...
The oil sector is Nigeria’s main source of revenue, and while there are calls for diversification in the country’s exports, the oil sector continues to bring...
Nigeria’s revenue earning capacity has come under threat following the reduction of importation of crude oil by India. India, Nigeria’s largest crude oil importer, reduced crude...
FG Generates Additional Income of N318.4 Billion as Crude Oil Hits $67/Barrel The Federal Government earned an additional N318.36 billion in February following the surge in...
COVID-19 Plunges Nigeria’s Oil Revenue by 41% in the First Nine Months of 2020 Nigeria’s oil revenue declined by 41.44 percent in the first nine months...
Federal Government Records N1.3 Trillion Fiscal Deficit in the Third Quarter of 2020 The Federal Government posted N1.29 trillion fiscal deficit in the third quarter of...
The Organisation of the Petroleum Exporting Countries (OPEC) on Tuesday said Nigeria’s oil revenue rose by 116 percent in November. The oil cartel said the 116...