Confusion continues to be the order of the day in the country’s upstream sector as key government officials are struggling to agree on the specific barrels of crude oil lost to oil theft on a daily basis. While President Muhammadu Buhari who is the Minister of Petroleum Resources has kept[Read More…]
Tag: NNPC and oil theft
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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…]