The Director-General of the Nigeria Employers’ Consultative Association (NECA), Adewale-Smatt Oyerinde, said on Friday the country loses $2.5 billion in oil revenue monthly. Oyerinde, who disclosed...
The Nigerian National Petroleum Company (NNPC) Limited and its other major partners lost 9.4 million barrels of crude oil in the month of May, arising from...
The Central Bank of Nigeria (CBN) has revealed that the Federal government recorded a total revenue of N2.58 trillion in the third quarter of 2021. CBN...
The Nigeria National Petroleum Corporation (NNPC) found it difficult to get buyers for Nigerian oil produced in the month of September depriving the government of much-needed...
President Muhammadu Buhari on Thursday submitted Nigeria’s 2022 appropriation bill to federal legislators. The N16.39 trillion budget is dubbed the “Budget of Economic Growth and Sustainability.”...
Like its industry rivals, MRS Oil Nigeria is recovering from the COVID-19 pandemic that knocked revenue into the sector down in the First Half of last...
The Nigerian Extractive Industry Transparency Initiative (NEITI) has revealed how Nigeria lost an estimated $2.8 billion in oil revenues in 2019. This was stated in its...
The Federal Government of Nigeria has revealed that the country in January 2021 recorded N366.53 billion oil revenue. This is a 24.1 percent rise from the...
Multinational professional service firm, PriceWaterCooper (PwC) has predicted that Nigeria and other oil-producing countries in Africa will lose an estimated $1tn in oil export revenues over...
The Nigeria Extractive Industries Transparency Initiative (NEITI) said that a total of N28.58 trillion was remitted to the Federation Account between 2012 and 2016, from mineral...
Nigeria might be facing another financial crisis as a result of government failing revenues, BudgIT, has warned. In an analysis of the federal government 2018 budget...
Human rights lawyer, Femi Falana, SAN, has threatened to sue the minister of state for petroleum resources, Ibe Kachikwu, if he fails to provide him with...
Vice President Yemi Osinbajo has once again lamented the state of the economy of the administration of former president Goodluck Jonathan especially between 2010 and 2015....
Full disclosure in the administration of crude sales remains an issue at the Nigerian National Petroleum Corporation (NNPC) despite current efforts at enthroning transparency in the...
Nigeria’s excess crude oil revenue has risen by 50 per cent between August and September, 2017 following the increase of price from $49 to $54 per...
Minister for State for Petroleum Resources, Dr. Ibe Kachikwu, has said the Federal Government is considering plans to ‘lock up’ revenues realised from the oil sector...
After months of dwindling revenue from the Federation Account, states and local government areas in the country have some good reason to cheer, as their monthly...
By Reuben Abati…The monthly Federation Accounts Allocation Committee, FAAC, meeting was held the other day in Abuja, with the representatives of state governments again cap in...
In from Ali Smart . . . As the year draws to a close in two days, not many Nigerians are taken in by the much...
