Oil Revenue

NNPC: Oil Production To Increase To 1.7mbpd Amid Infrastructure Challenges

Nigeria Faces N289.6bn Oil Revenue Dip In November; Minister Stresses Production Goals, OPEC Commitment

In a disclosure by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Nigeria experienced a significant setback in crude oil production, leading to a loss of about N289.6 billion in revenue for November 2023.

Emmanuel Ochayi

10 months ago

Nigeria Week Ahead: CBN Rate Decision, Inflation & Oil in Focus

Business·Oil & Gas

Nigeria Earns About $104.58 million Daily From Crude Oil, As Output Skyrockets

Nigeria earned at least $104.58 million daily from crude oil in February 2023, as Africa’s largest oil producer pumped 1.3 million barrels per day. The 1.3 million barrels produced daily last month

Fakoyejo Olalekan

2 years ago

Business·Oil & Gas

Nigeria To Spend 1 Year Oil Revenue On Fuel Subsidy In 6 Months

Nigeria’s Finance Minister, Zainab Ahmed, has disclosed that the country’s fuel subsidy payment in six months will surpass the revenue earned from oil sources within 12 months. Ahmed said this at the

Fakoyejo Olalekan

2 years ago

Peter Obi Reveals Why UK Gov't Shutdown His 'Next' Company

Business·Oil & Gas

Peter Obi Reveals Why Nigeria Must Look Beyond Oil

The Presidential candidate of Labour Party, Peter Obi, said Nigeria must look beyond oil, a week after it was revealed the commodity no longer contributes to the country’s foreign reserves. Nigeria’s oil

Fakoyejo Olalekan

2 years ago

IPMAN Asks FG To Partner With Illegal Refinery Operators In Creeks

Business·Oil & Gas

Nigeria Loses $63 million Oil Revenue Daily, $1.9 billion Monthly To Oil Thieves

Nigeria loses at least 700,000 barrels of crude oil to thieves per day, the Minister of State for Petroleum Resources, Timipre Sylva, has revealed. This compounds the revenue problem of the country.

Fakoyejo Olalekan

2 years ago

Business·Insights·Oil & Gas

Nigeria’s Oil Revenue To Lose N1.24 trillion, Amid Drop In Crude Production

Nigeria’s oil revenue will fall next year according to the projection made by President Muhammadu Buhari on Thursday during the presentation of 2023 budget to the National Assembly. Prime Business Africa had

Fakoyejo Olalekan

2 years ago

NNPCL Denies Inflating Fuel Subsidy Payments

Business

NNPC Fails To Remit Into Federal Account Despite N2.38 trillion Revenue In Six Months

The Nigerian National Petroleum Company (NNPC) Limited has disclosed that it made N2.38 trillion revenue from oil sales, however the corporation didn’t remit any money to the Nigerian government’s account in six

Fakoyejo Olalekan

2 years ago

Oil & Gas

Oil Revenue Drops As Nigeria Misses January OPEC Quota

Nigeria’s crude oil output target for January 2022 has dropped to 1.46 million barrels per day against a target of 1.683 million bpd as approved by the Organisation of Petroleum Exporting Countries.

PBA Reporter

3 years ago

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Nigeria Faces N289.6bn Oil Revenue Dip In November; Minister Stresses Production Goals, OPEC Commitment

Nigeria Earns About $104.58 million Daily From Crude Oil, As Output Skyrockets

Nigeria To Spend 1 Year Oil Revenue On Fuel Subsidy In 6 Months

Peter Obi Reveals Why Nigeria Must Look Beyond Oil

Nigeria Loses $63 million Oil Revenue Daily, $1.9 billion Monthly To Oil Thieves

Nigeria’s Oil Revenue To Lose N1.24 trillion, Amid Drop In Crude Production

NNPC Fails To Remit Into Federal Account Despite N2.38 trillion Revenue In Six Months

Oil Revenue Drops As Nigeria Misses January OPEC Quota

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