oil revenue

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, and the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso have noted great value in providing the NNPCL with an…

The Federal Government of Nigeria will spend N1,654,821,585,930 under its service-wide votes in 2021 which comprises expenditures on the settlement of bills, local debts and contributions to International organisations amongst…

The Council of Ethnic Youth Leaders of Nigeria has filed a suit at the Federal High Court Abuja against Shell Petroleum Development Company over alleged missing N5trn oil revenue. The group, in the suit, alleged that Nigeria has lost…

The Nigerian Governors’ Forum (NGF) says it is seeking ways to achieve steady revenue receipts from crude oil to ensure fiscal stability for both federal and sub-national governments. The chairman of the NGF, Kayode Fayemi, said given…

Nigeria’s government insists the economy of Africa’s biggest crude producer is on track to expand by 3.5 percent this year due to increased oil revenue, even as growth missed expectations in the first quarter. Growth in gross domestic…

Key Nigerian agencies have agreed to partner in oil revenue savings and promotion of better attitude to public office. They are Nigeria Extractive Industries Transparency Initiative (NEITI), Nigeria Sovereign Investment Authority (NSIA)…