New data from Nigeria's Budget Office has exposed a vast gulf between government projections and reality in Q3 2025, and the numbers make for uncomfortable reading for Africa's largest economy. ...
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 ...
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 ...
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, ...
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 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 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 ...
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 ...
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 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 ...
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