Fed Govt May Exceed N7.89trn 2021 Revenue Target As Oil Prices Soars
There are indications that the Federal Government may be on course to meet and perhaps, surpass the projected oil revenue target in the 2021 budget if the recent rise in the prices of...
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...
How We Created Opportunities Out Of Year 2020 Challenges — NNPC
The year 2020 is a year like no other. A year that threw up a health challenge which brought the whole world to its knees.
The coronavirus pandemic precipitated the lockdown of social and economic...
Oil Prices: Afreximbank Predicts 10% Rise In 2021
Oil prices are expected to rise around 10 per cent over the next year, according to the Afreximbank African Commodity Index for the third quarter of 2020.
The index, which measures commodity prices every quarter, said the oil...
Oil Sector’ll Face Prolonged Reduced Demand - Fed Govt
The oil and gas sector is going to face a substantially reduced demand for a prolonged period as its recovery is not likely any time soon, the Federal Government said on Thursday.
It also announced the resolve...
Nigeria’s Daily Oil production Drops To 1.32m Barrels
Crude oil production in Nigeria extended its decline to 1.32 million barrels per day in November on the back of the cut deal by the Organisation of the Petroleum Exporting Countries and its allies.
The latest data obtained...
