The Federal Government says Nigeria’s oil revenue grew from 11 per cent in the first half of 2023 to 30 per cent in the first half of 2024. This is contained in a statement by the Minister of Finance and…
By Esther Agbo In a startling revelation, Dr. Olisa Agbakoba, Senior Partner at Olisa Agbakoba Legal, highlighted that Nigeria’s public debt has soared to a staggering $91.46 billion (N121.67 trillion), despite the nation’s generation of over $1 trillion in revenue…
…Says economy grew by 2.99 percent By Matthew Denis, Abuja The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said that the Nigerian economy and oil revenues are experiencing a positive growth rate under President Bola…
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, says the administration of President Bola Tinubu will account for revenue from oil. Edun said this when he appeared before the House of Representatives Committee on Appropriation…
An economic expert, Dr Afolabi Olowookere, has said that oil revenue, in terms of contribution to federation account, fell from 46.9 per cent in 2017 to 7.4 per cent in the first half of 2022. The Managing Director, Analysts Data…
Despite the steady rise in crude oil price, the country’s earnings from the commodity dropped for the fourth month. This was contained in a Central Bank of Nigeria’s (CBN’s) latest monthly economic report for January 2022. According to the CBN…
