Tag: Oil revenue

Nigeria’s monthly oil revenue crashes by 75% – NNPC Report

The Nigerian National Petroleum Corporation NNPC has disclosed that the Federal Government’s crude oil sales revenue plunged by 74.89 percent in July to a record low of $55.29m. The NNPC’s latest data on the Federal Government’s export lifting showed that its crude oil sales proceeds stood at $219.58m in June,[Read More…]

Buhari begs health workers, says Coronavirus affecting oil revenue

President Muhammadu Buhari receiving a presentation from JOHESU National Chairman Com. Biobelemoye Josiah during a Courtesy Visit by Joint Health Sector Union (JOHESU) in State House on 10th Mar 2020. President Muhammadu Buhari Tuesday appealed to workers in the health sector agitating for more money to bear with the administration[Read More…]

We Want 100 Percent Control, Ownership Of Our Oil – Declares Niger Delta Group

When Boko Haram captured territory in Nigeria’s northeast last year and declared a caliphate, there were real fears for the sovereignty of Africa’s most populous nation. Agency France-Presse reports that a deadline is looming for the military to end the six years of violence, with signs that troops have wrested back control[Read More…]

Oil Revenue Drops To N479.9bn In December As FG, states, LGs Share N581.4bn

By James Emejo Following serious disruptions in crude oil production and lifting operations including vandalism of pipelines, maintenance and the Force Majeure declared at Bonny Terminal, monthly gross oil revenue dropped by N117. 802 billion to N479.950 billion in December compared to N597.752 billion the previous month. Notwithstanding, a total[Read More…]