Oil Revenue Records Another Monthly Decrease Of N62bn The shut-ins and shutdowns of some terminals by the Nigerian National Petroleum Corporation led to another monthly drop in the gross oil revenue that comes to the federation. Latest data from the Central Bank of Nigeria showed that...

This Year Nigeria’s GDP Growth To Hit 2.2%, Oil Revenue $44bn   The Chief Executive Officer of Financial Derivatives, Bismark Rewane, has projected the nation’s Gross Domestic Product (GDP) at 2.2 per cent this year, despite the upcoming general elections with its financing distortions. He posited that...

CBN- Nigeria Makes N7.3tr From Oil In 2017 Nigeria’s total revenue from crude oil rose by 29 percent to N7.3 trillion in 2017, reflecting impact of increases production and in crude oil price. Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele The revenue from...

Oil Revenue Exceeds 2017 Budget Benchmark The Nigerian National Petroleum Corporation (NNPC) has stated that oil revenue in the first ten months of the year has exceed the 2017 budget oil benchmark of $44.50 per barrel by 18 per cent, revealing that oil has sold...

The Vice President, Prof. Yemi Osibanjo has said Nigeria will still need revenues from crude oil to rebuild her economy, diversify it and overcome her dependence on oil. Osinbajo also said the country’s chances of deriving maximum benefits from her petroleum industry had increasingly contracted...