Tag: Nigeria oil revenue

Brent crude price today falls below $105 as Trump signals progress in Iran talks

World News Damilola Bayonle -
Brent crude price fell sharply on Wednesday after U.S. President Donald Trump said negotiations with Iran were nearing completion,...

Federation oil earnings crash despite global oil rally as Nigeria faces fresh revenue pressure

Business Damilola Bayonle -
Federation oil earnings fall sharply despite rising crude oil prices Federation oil earnings from Nigerian National Petroleum Company Limited’s Production...

Middle East conflict may deliver N30trn oil windfall to Nigeria, economists Say

Business Damilola Bayonle -
Nigeria may be on the verge of an unexpected fiscal boost as rising global oil prices triggered by geopolitical...

States demand probes of $8.8bn crude-for-loan deals as Nigeria battles oil revenue leakages

Business Damilola Bayonle -
Growing concerns over Nigeria’s crude-backed borrowing arrangements have triggered renewed calls for transparency in the country’s oil revenue management,...

Global oil shock: Brent oil price surge hits $87 as Gulf conflict chokes supply

Business Damilola Bayonle -
Global energy markets have been jolted by a sharp rally in crude prices as geopolitical tensions in the Middle...

Crude-backed loans gulped N8.36tn of Nigeria’s 2025 oil revenue as 14% of output went to debt servicing

Business Damilola Bayonle -
Crude-backed loans gulped N8.36tn of 2025 revenue as Nigeria commits 213,000bpd to debt servicing Nigeria’s oil-dependent fiscal structure came under...

OPEC+ pauses oil output hike: Global markets face surplus & Venezuela shock

Business Damilola Bayonle -
Global Energy Markets React as OPEC+ Pauses Oil Output Hike Amid Surplus Concerns and Venezuela Uncertainty The Organisation of Petroleum...

FG writes off NNPC debt: Tinubu cancels $1.42bn, N5.57tn liabilities in bold fiscal reform

Business Damilola Bayonle -
In a decisive fiscal move aimed at closing years of unresolved financial disputes between the Federation and the Nigerian...

Oil earnings fall short by ₦16.2tn despite production gains

Business Damilola Bayonle -
Nigeria’s fiscal fragility has once again been exposed as oil earnings fall short of projections by a staggering ₦16.2...

Fears rise as OPEC glut pushes oil toward $60 mark

Business Damilola Bayonle -
Global oil markets are bracing for a fresh wave of volatility as analysts warn that crude prices could tumble...

FG Earns N5.21tn from Oil Sales in First Half of 2025

Business Damilola Bayonle -
The Federal Government of Nigeria generated an impressive ₦5.21 trillion from crude oil, gas, and associated petroleum activities in...

Nigeria Targets 25% OPEC Quota Increase by 2027

Business Damilola Bayonle -
Nigeria is positioning itself for a major leap in oil production as the Nigerian National Petroleum Company Limited (NNPC)...