Tag: Project Gazelle

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...

NNPC $3bn loan repayment sparks fresh fears over Nigeria’s oil future

Business Damilola Bayonle -
Understanding the NNPC $3bn Loan Repayment and Its Implications The Nigerian National Petroleum Company Limited (NNPC Ltd.) has again come...

NUPRC Hits 34.7% Revenue Target, Generates N5.2trn

Business Damilola Bayonle -
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that it generated ₦5.21 trillion in revenue between January and...