The Minister of Finance, Wale Edun, has announced that federal government revenue from the oil sector increased from 11% in 2023 to 30% in the first...
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...
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 official foreign exchange receipt from crude oil sales into Nigeria’s official reserves has dried up steadily from above US$3.0 billion monthly in 2014 to an...
The Federal Government has spent a total sum of N197.74 billion on fuel subsidy in the first quarter (Q1) of 2021, according to the Federal Account...
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...
Nigeria’s Foreign Reserves Rose by $1.6 Billion to $36.50 Billion in a Month Nigeria’s foreign reserves grew by $1.6 billion from $34.90 billion recorded on December...
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...
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...