FG Officially Implements Executive Order 9
The Federal Government of Nigeria has officially kicked off the implementation of Executive Order 9 of 2026. The order, signed by President Bola Tinubu on February 13, 2026, mandates the ...
Tag: OIL Revenue
PENGASSAN Rejects Tinubu’s Oil Revenue Executive Order
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has vehemently rejected President Bola Tinubu's recent executive order directing the immediate remittance of all oil and gas revenues ...
Tinubu Issues Executive Order to Seal Oil Revenue Gaps and Address PIA Deductions
President Tinubu has signed an executive order to recover billions in oil and gas revenues lost to PIA deductions, ensuring all tiers of government receive their constitutional share. The order, ...
SERAP Takes NNPCL to Court Over Alleged N22.3 Billion Oil Revenue Diversion
The Socio-Economic Rights and Accountability Project (SERAP) has initiated legal proceedings against the Nigerian National Petroleum Company Limited (NNPCL), seeking to compel the state oil firm to account for billions ...
Nigeria’s Oil Revenue Rises to N55.5 Trillion in 2025 Despite Production Shortfalls
Nigeria generated approximately N55.5 trillion from crude oil sales in 2025, representing a 9.1% increase from the N50.88 trillion earned the previous year, according to an analysis of official data ...
US Protects Venezuelan Oil Revenues With New Executive Order
US President Donald Trump has signed an executive order declaring a national emergency to protect Venezuelan oil revenue held in US government accounts, according to the White House. Under the ...
Tinubu Wipes $1.42 Billion NNPC Debt as Nigeria’s Oil Revenue Crisis Deepens
In a sweeping fiscal intervention that restructures Nigeria's troubled oil sector finances, President Bola Tinubu has authorized the cancellation of approximately $1.42 billion and ₦5.57 trillion in accumulated debts owed ...
Digital Transactions Rescue Nigeria’s Budget as Oil Revenue Crashes 62%
Nigeria's Federal Government has recorded an unexpected revenue windfall from the burgeoning digital economy, with electronic transactions generating N222.90 billion in the first half of 2025—far exceeding projections and providing ...
Nigeria’s Oil Revenue Plummets 43% Despite Production Gains, Raising Concerns Over Sector Transparency
Nigeria's petroleum sector recorded a troubling disconnect in 2024, with crude oil and gas revenues plunging to ₦1.08 trillion from ₦1.90 trillion the previous year—a dramatic 43% decline—even as the ...
NNPC Revenue Plunges 24% in June Despite Higher Production
The Nigerian National Petroleum Company (NNPC) Limited experienced a dramatic revenue decline in June, posting earnings of ₦4.57 trillion compared to ₦6 trillion in May—a steep 23.9 percent drop that ...
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