Tinubu Issues Executive Order to Redirect All Oil Revenues to Federation Account, Ending NNPCL Deductions
President Bola Tinubu has signed an executive order that fundamentally reshapes the management of Nigeria's oil and gas revenues, directing ...
Tag: Oil
Nigeria’s Non-Oil Exports Surge to N4.8 Trillion, Yet Local Investors Struggle to Compete
Nigeria’s non-oil export sector has witnessed a remarkable boom, with earnings soaring to N4.8 trillion in the first half of ...
Global Oil Prices Plummet to Four-Year Lows, Posing Fresh Economic Risks for Nigeria
Global oil markets were rocked midweek as crude prices plunged to their lowest levels since early 2021, intensifying concerns over ...
House of Representatives Recovers N28.7bn from Oil Companies
The House of Representatives' Public Accounts Committee has successfully recovered $19.24 million (approximately N28.7 billion) from two oil companies as ...
Seven Oil Firms Commit to Settle $37.4 Million Debt with FG by August 2025
The Nigerian House of Representatives announced on Sunday that seven prominent oil and gas companies have agreed to pay a ...
Tinubu Pushes for Resolution of ExxonMobil-Seplat Energy $1.28 Billion Divestment Deal
President Bola Tinubu has expressed his commitment to resolving the ongoing $1.28 billion divestment dispute between ExxonMobil and Seplat Energy. ...
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