Senate Queries NNPC For High Cost Of Oil Production     Members of the Senate Committee on Finance on Monday queried the Nigerian National Petroleum Corporation (NNPC) over what they described as “very high cost of oil production in Nigeria”. The Senators made this known while hosting the...

Oil Revenue May Drop Further To 25% Of Budget     With Nigeria’s revenue from oil and gas dropping by N425.52billion in the first quarter (Q1) of 2020 to N940.91billion, according to the Minister of Finance, Budget and National Planning, Zainab Ahmed, operators have noted revenue from...

W/Bank’s Approval For Nigeria’s $1.5bn Cash Coming July     The World Bank will take final decision in late July on a $1.5 billion loan to support Nigeria as it fights the novel coronavirus, the bank’s country director said at the weekend. The World Bank is working on...

FG Still Consulting On Revised Budget — Finance Minister   The Minister of Finance, Budget and National Planning, Zainab Ahmed, on Thursday met with the leaders of some key committees of the National Assembly to get their input for the revised 2020 budget. The budget is still...

W/Bank Predicts Nigeria’s Descent Into Recession     The Minister of Finance, Mrs. Zainab Ahmed has said that the World Bank country director in Nigeria who was invited to the National Economic Council (NEC) meeting, held in the State House yesterday told the council about the bank’s...

Nigeria Loses N125bn Oil Revenue To COVID-19      Nigeria’s oil revenue target fell by N125.52 billion in the first quarter (Q1, 2020) to N940.91 billion, according to figures released yesterday by Minister of Finance, Mrs. Zainab Ahmed. The shortfall, attributed to the double whammy of the headwind...