Tag: Oil Revenue
-
Oil revenue grew by 30% in first half 2024 – FG
The Federal Government says Nigeria’s oil revenue grew from 11 per cent in the first half of 2023 to 30 per cent in the first half of 2024. This is contained in a statement by the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun on Friday, in Abuja.
-
SERAP gives NNPCL 7 days to account for ‘missing $2.04bn, N164bn oil revenues’
Socio-Economic Rights and Accountability Project (SERAP) has urged Mr Mele Kolo Kyari, Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited to “promptly account for and explain the whereabouts of the alleged missing USD$2.04 billion and N164 billion oil revenues.”
-
NEITI report: SERAP sues Tinubu over failure to probe missing $15bn, N200bn oil revenues
Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against President Bola Tinubu over “the failure to probe the grim allegations that over US$15 billion oil revenues
-
Court orders FG to pay Rivers, Akwa Ibom states $3.3bn oil revenue
A Federal High Court in Abuja has ordered the Federal Government to pay over $3 billion to Rivers and Akwa Ibom states, as part of their revenue shares from crude oil sales. The amount formed part of the $62 billion said to have been recovered from some oil companies by the Federal Government. Delivering the…
-
‘Funding 2021 budget with oil revenue will be difficult’
Prof. Wumi Iledare, Professor of Petroleum Economics says it will be difficult to fund 2021 budget with oil revenue going by the development in the global oil market. Iledare made this known in an interview on Sunday in Abuja, saying it was impossible under the current global economic projections to fund the budget by revenue…