Thursday, 8th December 2022
Breaking News:

Oil Revenue

15 Nov
An economic expert, Dr Afolabi Olowookere, has said that oil revenue, in terms of contribution to federation account, fell from 46.9 per cent in 2017 to 7.4 per cent in the first half of 2022.
17 Sep
Dr. Ayo Teriba, the Chief Executive Officer of Economic Associates, is the Coordinator of the Technical Working Group (TWG) on Financial Sector and Capital Markets on National Development Plans MTNDP 2021-25, MTNDP 2026-30 and Nigeria Agenda 2050. 
27 Jul
Minister of Federal Capital Territory (FCT), Muhammad Bello, has blamed the country’s comatose economy on over-reliance on oil revenue and poor tax regime.
23 Jun 2021
A day after a Federal High Court sitting in Abuja ordered the Federal Government to pay $951 million to the Bayelsa State government as arrears of the 13 per cent derivative sum due to the state...
26 Feb 2020
Last week, Nigeria Natural Resource Charter (NNRC) in its Benchmark Exercise Report (BER) revealed that Nigeria has made N83 trillion from oil and gas in the last 37 years.
19 Feb 2018
By exhuming the ‘politically buried’ onshore/offshore dichotomy debate, the ruling All Progressives Congress (APC) has started another round of controversy over territorial limitation of oil wealth control between the Federal Government and littoral oil-producing states. A committee set up by the ruling party, apparently to douse the tension raised by strident agitation for restructuring of…
1 Oct 2017
In the face of dwindling crude oil patronage around the world, Delta State Governor, Senator, Dr. Ifeanyi Okowa, has called for diversification of the national economy through development of non-oil sector, using oil revenue.
15 Jan 2017
For instance, Kaduna State governor, Nasir El-Rufai at the beginning of this year, told the citizens that his administration would embark on more projects that would facilitate development and growth in the state.


2 hours ago
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) have been asked to launch a proper investigation into the qualifications of the Executive Director of the Nigerian Export-Import Bank (NEXIM), Stella Erhuvwuoghene Okotete. The petitioner, Lawyers for Reform Group (LRG), in a letter acknowledged on behalf of the ICPC Chairman, told the commission that…
2 hours ago
An overnight fire has burned down a filling station, Danmarna, at Lugbe, in the Federal Capital Territory, (FCT), Abuja.
4 hours ago
• vows his government will not be distracted by looking back at PDP's misgovernment Deputy president of the Senate and governorship candidate of the All Progressives Congress in Delta State, Senator Ovie Omo-Agege, has said that his government will not seek vendetta against Governor Ifeanyi Okowa and the governing Peoples Democratic Party if elected to…
4 hours ago
Peru's new President Dina Boluarte was under pressure Thursday to quell the political turmoil rocking the country, a day after the dramatic arrest of her predecessor, who stands accused of attempting a coup. The South American country's first-ever woman leader asked the opposition for a truce as she prepared to form a government, as doubt…
5 hours ago
Brazil coach Tite has hit back at criticism of his players' dancing goal celebrations in their World Cup win over South Korea, dismissing suggestions they showed a lack of respect.