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…]
Tag: Oil revenue
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…]
Monthly Oil Revenue Drops Again
Yet again, monthly receipts as gross revenue for August further dropped by about N28.67 billion to about N601.64 billion compared to about N630.3 billion in July due production challenges including a force majeure declared by Shell and series of shutdown of trunk lines and pipelines at various terminals impacted negatively[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…]
