Nigeria, OPEC Peers To Lose $272bn Oil Revenue         Nigeria and other members of the Organisation of the Petroleum Exporting Countries will see their combined net oil export revenue fall this year to its lowest level since 2002, according to the United States Energy Information Administration. The...

Report Predicts $17bn Decline In Nigerian Oil Revenue   Nigeria’s oil revenue is likely to decline by between 70 per cent and 80 per cent this year, representing between $15 billion and $17 billion, the Chief Executive Officer of Financial Derivatives Company Limited and a member...

Covid-19: Developing Countries’ Oil Revenue To Drop By 85%   The outbreak of the Covid-19 is expected to push down the oil revenue of Nigeria and other developing countries who rely on oil to fund their public spending, by up to 85 per cent, the Organisation...

Coronavirus: Nigeria’s N2.64trn Proposed Oil Revenue Under Threat Nigeria is facing double jeopardy of falling oil prices and production decline amid fears that coronavirus, which has its roots in China, may keep spreading. The Federal Government’s oil revenue projection for 2020 may be badly hit by...

FG: NLNG Train-7 Will Reduce Gas Flaring, Heavy Reliance On Oil Revenue   The federal government has said that it will count on the expected expansion of the production capacity of the Nigeria Liquified Petroleum Gas (NLNG) through its Train-7 project to significantly cut down the...

In June, NNPC Reports $226m Oil Revenue Drop   Earnings from oil and gas production in June were down by 44.65 per cent, indicating a value reduction of about $226.38 million between May and June 2019, data from the Nigerian National Petroleum Corporation (NNPC) have shown. NNPC,...