NNPC Reports N5.7trn Profit, N60.5trn Revenue in 2025   The Nigerian National Petroleum Company LimitedNNPC) recorded a profit after tax of N5.76tn and total revenue of N60.517tn for the 2025 financial year, even as crude oil and condensate production declined to 1.54 million barrels per day...

Debt Service, Salaries Gulp 105% of FG Revenue   Debt service and personnel costs have swallowed more than the Federal Government’s total revenue for the first seven months of 2025, even as receipts fell sharply below target and capital projects suffered deep cuts. An analysis of the 2026–2028 Medium-Term...

FG's 2024 Revenue Surges by 68% to N20.9trn - Budget Office   The Federal Government’s total revenue inflow increased by 68.11 percent to N20.98 trillion in 2024 compared to N12.48 trillion recorded in 2023, the budget office of the federation has disclosed in its fourth quarter...

NNPC Records N380bn Revenue Loss in September   The Nigerian National Petroleum Company Limited (NNPCL) has suffered a drop in both production and earnings, losing about N380bn in September 2025 when compared to the previous month, according to its latest monthly performance report. Figures from the September...

Rising Cost of Revenue Collection Cuts into FAAC Allocations in Sept Behind the impressive federation disbursement for September 2025, the latest report of the Federation Account Allocation Committee (FAAC) reveals a more troubling pattern, the rising cost of collecting and transferring revenue is steadily reducing...

NEITI Reveals Oil Firms, Agencies Owe FG N1.5tn in Unremitted Revenues   The Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that oil companies and some government agencies owe the federation about N1.5tn in outstanding oil and gas remittances. NEITI’s Executive Secretary, Dr Orji Ogbonnaya Orji, stated...