Shipping Sector Can Earn 75% Of Oil Revenue, Says NIMASA DG       The shipping sector in Nigeria can produce 75 per cent of the country’s earnings from the oil sector, the Director-General of the Nigerian Maritime Administration and Safety Agency, Dr Bashir Jamoh, has said. He stressed...

NEITI Board To Intensify Oil Revenue Drive       The transparency of the Federal Government in the oil, gas and mining industries is irrevocable, President Muhammadu Buhari stated on Thursday. Buhari stated this as the newly inaugurated 15-member Governing Board of the Nigeria Extractive Industries Transparency Initiative and...

Oil Rally Pushes Nigeria’s Revenue Above Budget Estimate       The upturn in the price of the international oil benchmark, Brent crude, has pushed Nigeria’s oil revenue above the estimate in the 2021 budget. Brent, against which the country’s crude oil is priced, has been trading more than...

Nigeria, Others’ll Lose $1trn Oil Revenue In 20 Years – PwC         Nigeria and other African oil-producing countries will lose an estimated N1tn in oil export revenues over the next 20 years as prices are forecast to remain low, a new report by PricewaterhouseCoopers has said. PwC,...

Oil Revenue To Remain Subdued As Output Plunges By 15%       Despite the recent rise in oil prices, there are strong indications that Nigeria is not likely to be out of the woods in its petroleum revenue performance and budget funding, due, mainly to the significant...

Nigeria To Earn More Oil Revenue In 2020 Than Estimated - NEITI       Nigeria has surpassed the amount of revenue it planned to earn from its amended 2020 budget and could earn more before the year ends, the Nigeria Extractive Industries Transparency Initiative (NEITI) has stated. The...