FG Begins Mapping Disputed Oil, Gas Wells to Resolve Ownership Claims The Federal Government has commenced the plotting of coordinates for disputed and newly drilled oil and gas wells as part of efforts to resolve long-standing ownership claims and ensure accurate attribution of petroleum assets...

Nigeria's oil revenue fell short by N16.2 trillion in the first half of 2025, accounting for only 36.51% of the projected N25.52 trillion.

The Federal Government is projecting about N60.97tn in oil revenue for the 2026 fiscal year, lower than the earnings anticipated in the 2025 budget,.

VAT, E-Money Transfers Outperform Oil as FAAC Distributes N2.1trn in Sept While the Federation Account Allocation Committee (FAAC) shared N2.103 trillion among the three tiers of government for September 2025, the standout detail was the surging performance of non-oil revenue sources, which offset declines in...

Report Reveals Nigeria, Others Need $100/Barrel Oil to Balance Budgets   Emerging economies that produce oil, like Nigeria, Angola and Ecuador, need prices to be around $100 per barrel to balance their budgets, according to a report by Reuters on Monday. It noted that lower oil prices...

The Nigerian National Petroleum Company Limited (NNPCL) and the Nigerian Upstream Petroleum Regulatory Authority (NUPRA) say the country’s crude oil production