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Tag "Oil Revenue"

Five common errors about Nigeria (I)

    Five common errors about Nigeria (I)

Nigeria is a rich country. You have heard this a million times, haven’t you? What exactly do people mean by “Nigeria is rich”? They believe we have enough money to

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‘Oil economy with no oil revenue’ — Sanusi bemoans Nigeria’s declining income

    ‘Oil economy with no oil revenue’ — Sanusi bemoans Nigeria’s declining income

Muhammadu Sanusi II, former Emir of Kano, has described Nigeria as an oil economy with no oil revenue, as he bemoaned the country’s economic woes. Sanusi spoke during the weekend

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CBN: Nigeria generated N799bn oil revenue in Q1 2022 — down by 28%

    CBN: Nigeria generated N799bn oil revenue in Q1 2022 — down by 28%

The Central Bank of Nigeria (CBN) says the country generated N799.10 billion from oil sector in the first quarter of 2022.  The figure represents a 28.3 percent decline from N1.11

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Emefiele: Nigeria must build well-diversified economy to boost revenue generation

    Emefiele: Nigeria must build well-diversified economy to boost revenue generation

The Central Bank of Nigeria (CBN) says Nigeria must build a broad-based and well-diversified economy that will guarantee overall macroeconomic stability. Godwin Emefiele, apex bank governor, said this at a seminar

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FEC approves reforms to increase non-oil revenue by N3.8trn annually

  FEC approves reforms to increase non-oil revenue by N3.8trn annually

The federal executive council (FEC) has approved reforms to increase Nigeria’s non-oil revenue by N3.8 trillion and oil revenue by

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FACT CHECK: Does Nigeria lose 80% of its oil production to theft as Adeboye claimed?

  FACT CHECK: Does Nigeria lose 80% of its oil production to theft as Adeboye claimed?

Enoch Adeboye, general overseer of the Redeemed Christian Church of God (RCCG), has claimed the government confirmed that 80 per

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Akabueze: Nigeria’s revenue trajectory is positive without oil 

  Akabueze: Nigeria’s revenue trajectory is positive without oil 

Ben Akabueze, director-general, budget office of the federation, says Nigeria is deliberately diversifying in 2022, as oil revenue failed to

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FAAC: FG, states, LGs share N671bn as allocation in October — down by N68bn

  FAAC: FG, states, LGs share N671bn as allocation in October — down by N68bn

The federation accounts allocation committee (FAAC) shared N671.910 billion among the three tiers of government for October. This figure is

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We need to meet Nigeria’s high expectations, Komolafe tells upstream commission’s management

Gbenga Komolafe, chief executive officer (CEO) of the Nigerian Upstream Regulatory Commission (NURC), has asked his management team to double

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Edwin Clark: South-south neglected — only APC members benefit from oil revenue

  Edwin Clark: South-south neglected — only APC members benefit from oil revenue

Edwin Clark, Ijaw leader, has alleged that only members of the All Progressives Congress (APC) benefit from crude oil revenue.

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