Nigeria misses oil tax revenue target by ₦17.4tn
Nigeria’s petroleum profit and gas tax revenue recorded a shortfall of N17.4 trillion against its target for the first three quarters, underscoring…
Oil Revenue
Crude oil surge boosts Nigeria’s revenue by $4 billion
Nigeria and oil companies operating in the country have reportedly earned about four billion dollars from the surge in crude oil prices…
Govs endorse Tinubu’s direct oil revenue remittance to FAAC
The 36 state governors, under the aegis of the Nigeria Governors’ Forum, have thrown their weight behind President Bola Tinubu’s reforms requiring…
FG begins direct oil revenue remittance to FAAC
The Federal Government has begun implementing Executive Order 9 of 2026, requiring the direct remittance of oil revenues to the Federation Account…
Tinubu signals major overhaul of PIA with oil revenue order
President Bola Tinubu has signalled a broader overhaul of Nigeria’s petroleum governance framework following his executive order mandating direct remittance of oil…
Tinubu’s oil revenue order is constitutional, says Budget Office DG
The Director-General of the Budget Office of the Federation, Mr. Tanimu Yakubu, has described as “constitutional,” the recent Executive Order by President…
Nigeria missed oil revenue targets in H1 2025 — Budget office
The Budget Office of the Federation has disclosed that Nigeria failed to meet its oil revenue targets in the first half of…
Oil revenue grows 83%, hits N8.5tn – Report
Nigeria’s revenue from crude oil increased by 83.23 per cent to N8.54 trillion during the reviewed quarter. The total amount of crude…
Oil revenue drops by 36% in May, says CBN
In May 2023, the Federal Government’s oil revenue target saw a significant drop from N804 billion to N223 billion, marking a…
Why Nigeria must save oil revenues – IMF
The International Monetary Fund has urged the Nigerian government to save up on oil revenues as fears of a global food shock…
Oil theft threatens Nigeria’s N9tn revenue – FG
The Federal Government has blamed pipeline vandalism, crude oil theft and high petrol subsidy cost, as it risks missing its N9.37tn oil…