Nigerian oil sector reform
Oil Tax Revenue Jumps 41.7% to N3.69tn in H1 2025
Nigeria has recorded a significant jump in oil tax revenue, hitting ₦3.69 trillion in the first half of 2025, representing a 41.7% year-on-year increase from ₦2.604 trillion in the same period of 2024. This surge was largely attributed to improved crude oil production, enhanced compliance by oil companies, and stronger revenue monitoring by government agencies. […]
OPS Demands Refinery Sell-Off Following $2.4bn Botched Repairs
The Organised Private Sector (OPS), major oil marketers, and economic experts have renewed calls for the urgent privatisation of Nigeria’s government-owned refineries. This fresh demand follows the recent shutdowns of the Port Harcourt and Warri refineries just months after they were declared operational by the Nigerian National Petroleum Company Limited (NNPCL). Despite the high-profile rehabilitation […]