It was reported in the news recently that, the international oil benchmark, Brent crude, rose further up to $67 per barrel, what strong likelihood of a further increase. For Nigeria, which relies on crude oil for about 50 per cent of government revenues and over 90 per cent of export[Read More…]
Tag: crude oil
Petrol price hits N212.61 per litre – PPPRA
Price of Premium Motor Spirit (PMS) otherwise called petrol has soared to N212.6 per litre, Petroleum Products Pricing Regulatory Agency (PPPRA) said in a new monthly template. The template published Thursday night shows that the retail price of petrol would sell between market band of N209.61 and N212.61. Marketers usually[Read More…]
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FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]