Tag: oil revenue Nigeria

FG Targets Oil Windfall and Loans to Close Nigeria’s N9tn Budget Deficit in 2026

Business Damilola Bayonle -
Nigeria’s fiscal outlook for 2026 is undergoing a major recalibration as the Federal Government moves to plug a widening...

Tinubu set to amend PIA after sweeping oil revenue order

Business Damilola Bayonle -
President Bola Ahmed Tinubu is set to initiate fresh amendments to the Petroleum Industry Act (PIA) following his recent...

FAAC recovers N2.36tn, $7.87m as oil revenue audit uncovers massive arrears

Business Damilola Bayonle -
FAAC recovers N2.36tn, $7.87m oil revenue arrears Nigeria’s Federation Account Allocation Committee (FAAC) has recovered a cumulative N2.36tn and $7.87m...

November FAAC revenue falls to ₦1.93tn as FG, states share lower allocation

Business Damilola Bayonle -
Nigeria’s three tiers of government shared a total of ₦1.93 trillion from the Federation Account in November 2025, marking...

FG’s FX Gains Plunge 73% to N589bn in H1

Business Damilola Bayonle -
Nigeria's foreign exchange (FX) windfall sharply declined by 73% in the first half of 2025, falling to ₦589.45 billion...