Nigeria’s oil, gas earnings rise by 3% to N5.54trn Nigeria’s earnings from the oil and gas sector rose marginally by three percent, year-on-year, to N5.536 trillion 2019 from N5.39 trillion in the 2018 fiscal year. The Central Bank of Nigeria (CBN) disclosed this in its latest...

Nigeria's Oil Reserve Drops By 961 Million Barrels   Contrary to the Federal Government’s target of increasing crude oil reserves, the country recorded a decline of 961.47 million barrels in four years on the back of low investment in exploration by oil companies. The oil reserves fell...

Nigeria’s oil revenue dropped by $35.67 billion (about N7 trillion) in 2015 according to the report in the Organisation of Petroleum Exporting Countries (OPEC)’s annual statistics bulletin released yesterday. The report showed that the country earned $41.818 billion from the sale of crude oil (about...