Tag: Oil Revenue

Nigeria’s Federation Account Allocation Committee (FAAC) has shared a total of N2.300 trillion among the three tiers of government as ...

Nigeria's crude oil production is showing signs of sustained recovery as the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) intensifies efforts ...

The Federation Account Allocation Committee (FAAC) has shared a total of N2.3 trillion among the Federal Government, the 36 state governments, and ...

Nigeria’s efforts to increase crude oil production and strengthen oil export earnings are receiving support from two relatively new crude ...

Nigeria recorded a strong increase in foreign exchange inflows in May 2026, with total inflows rising by 31 percent to ...

Nigeria’s oil revenue fell N7.88 trillion short of the federal government’s budget target, underscoring mounting fiscal pressures on Africa’s largest ...

Nigeria has failed to meet its crude oil production quota set by the Organization of the Petroleum Exporting Countries (OPEC) ...

Nigeria’s external reserves have fallen by about $855 million within five weeks, according to new figures released by the Central ...

The Nigerian National Petroleum Company has reported a significant 60 percent increase in remittances to the Federation Account, reaching N2.88 ...

Nigeria remains one of the Organisation of Petroleum Exporting Countries’ most resource-rich members, but new data from the group’s 2026 ...