Tag: oil revenue

Tinubu’s executive order 9 sparks debate as FG insists it protects Nigeria’s oil revenue system

Business Damilola Bayonle -
FG defends Executive Order 9 as oil revenue safeguard The Federal Government has intensified its defence of its latest fiscal...

Edun confirms forensic audit of NNPC as FG moves to boost oil revenue transparency

Business Damilola Bayonle -
Forensic audit of NNPC ongoing – Edun Nigeria’s fiscal authorities have intensified scrutiny of oil revenue flows as the Forensic...

Nigeria falls short of OPEC oil target again as January output drops to 1.48mbpd

Business Damilola Bayonle -
Nigeria misses OPEC oil production quota for sixth straight month Nigeria misses OPEC oil production quota for sixth straight month,...

NNPC remittance to FAAC plummets 86% in 2025 – Nigeria’s oil revenue crisis deepens

Business Damilola Bayonle -
Nigeria’s oil revenue took a severe hit in 2025, with the Nigerian National Petroleum Company (NNPC) remitting only N604.61...

FX reserves to hit $51bn by 2026 — CBN projects strong external position

Business Damilola Bayonle -
FX Reserves to Hit $51bn by 2026 — CBN Projects Stronger External Position Nigeria’s external reserves are projected to rise...

Nigeria’s crude oil exports hit ₦12.81tn in Q3 2025 — NBS

Business Damilola Bayonle -
Nigeria’s oil-dependent economy recorded a strong inflow from crude oil exports in the third quarter of 2025, reinforcing the...

Governors vs NNPC: Inside the explosive $42bn revenue dispute shaking oil sector

Business Damilola Bayonle -
Fresh Dispute Deepens as Governors vs NNPC Clash Over Remittance Audit A renewed standoff has emerged between the Nigeria Governors’...

OPEC confirms Nigeria 1.5mbpd oil quota for 2026: Boosting stability and global confidence

Business Damilola Bayonle -
The Organisation of Petroleum Exporting Countries (OPEC) has confirmed that Nigeria’s crude oil production quota will remain at 1.5...

Nigeria’s oil tax revenue falls 53% amid production shortfalls and fiscal strain

Business Damilola Bayonle -
Nigeria’s oil tax revenue experienced a sharp decline in September 2025, dropping by more than half compared to the...

Nigeria’s cheap crude oil sparks fresh budget worries

Business Damilola Bayonle -
Nigeria’s fragile fiscal outlook is facing new pressures as the country’s crude oil grades slumped below $68 per barrel...

Excess crude account swindles alarmingly to $535,823

Business Damilola Bayonle -
Nigeria’s fiscal buffers remain under intense scrutiny as the Accountant-General of the Federation (AGF), Shamsedeen Ogunjimi, on Thursday disclosed...

SERAP Demands NNPCL Account for N500bn Shortfall

Business Damilola Bayonle -
The Socio-Economic Rights and Accountability Project (SERAP) has raised serious concerns over the unexplained shortfall of N500 billion that...