Oil Prices Steady Following News Of COVID-19 Vaccine   Oil prices witnessed a little change on Tuesday, trapped in the narrow trading band of the past three weeks as investors gauged hopes for a recovery in oil demand against fears of new lockdowns due to a...

Nigeria’s Rating Suffers Blow From COVID-19, Oil Shock – Fitch   Fitch Ratings has said the coronavirus pandemic and the oil price shock have caused a severe impact on credit rating in Nigeria and some other sub-Saharan African countries. It stated this in its report on Monday...

FG Records 65% Deficit In Oil Revenue Projections — Ahmed     The Federal Government on Sunday disclosed that the lingering COVID-19 pandemic on broad sectors of the economy resulted in about 65% decline in projected net revenues from the oil and gas sector in the first...

In Five Years, Nigeria Earned $206bn From Oil – OPEC     Nigeria, Africa’s top oil producer, generated $206.06bn in revenue from crude oil exports in the last five years, the Organisation of Petroleum Exporting Countries has said. OPEC, in its 2020 Annual Statistical Bulletin released on Monday,...

Nigeria, Others Cut Oil Output To 30-year Low     Nigeria and other members of the Organisation of Petroleum Exporting Countries slashed their combined crude output in June to a three-decade low, according to an S&P Global Platts survey. The 13-member group pumped 22.31 million barrels per day,...

Post COVID-19: Nation’s Economy Thrives More On Taxation Not Oil ― Commissioner   Lagos State Commissioner for Finance, Dr Rabiu Olowo, has stressed the need for Nigerians to embrace taxation as the most potent way out of COVID-19 consequence. Olowo made the remark at a 2day Academic...