Don't Miss


All posts tagged "oil revenue"

  • Oil earnings dip by N36bn in Q2

    The contribution of the oil and gas sector to the Nigerian economy declined significantly in the second quarter of 2013, as revenue accruable to the Federal Government from the sector dipped by N35.7 billion. The Central Bank...

    • Posted September 18, 2013
    • 0
  • Nigeria earns N3.81trn from oil in 6 months

    Oil revenue accounted for 86.67 per cent of gross federally-collected revenue from January to June 2013, as the Federal Government earned a total of N3.809 trillion from oil within the period. The amount represents 76.3 per cent...

    • Posted August 13, 2013
    • 0
  • External reserves drops by $1.2b in one month

    Latest data by the Central Bank of Nigeria (CBN) shows that the nation’s external reserves pool continued to decline, amidst continued defence of the Naira in the face of declining supply of foreign exchange by autonomous sources,...

    • Posted July 13, 2013
    • 0
  • FG, States, LGs share N620bn for May

    The Federation Accounts Allocation Committee (FAAC) on Wednesday in Abuja shared N620.65 billion among the three tiers of government for May. The Minister of State for Finance, Dr Yerima Ngama, made this known when he briefed newsmen...

    • Posted June 20, 2013
    • 0
  • Federal revenue falls by 2.4% to N2.4trillion in Q1

    The total federally-collected revenue in the first quarter of 2013 dropped by 2.4 per cent to N2.425 trillion from the previous quarter. This was contained in a report of the Central Bank of Nigeria on economic activities...

    • Posted May 10, 2013
    • 0
  • Nigeria earns N599bn from crude, FG overspends by N178bn

    Central Bank of Nigeria, CBN, yesterday, said the country earned N599 billion from crude oil in January, while Federal Government overspent its budget by N178 billion in the same month. The apex bank disclosed this in its...

    • Posted April 16, 2013
    • 0
  • Nigeria loses $2.7bn to oil production decline

    Nigeria is estimated to have lost about $2.7 billion or N426 billion from decline in crude oil production in the last quarter of 2012 – October to December, even as it earned $16.075 billion or N2.54 trillion...

    • Posted February 26, 2013
    • 0