Oil Revenue

KEY POINTS The Nigerian Senate has ordered the Nigerian National Petroleum Company Limited, NNPCL, to refund ₦210 trillion to the Federation Account after rejecting the company’s explanations over the unaccounted …

KEY POINTS Nigeria’s oil earnings fell sharply below expectations in the final quarter of 2024, with the Budget Office of the Federation reporting that net oil revenue stood at ₦3.34 …

Angola’s economy is experiencing a boost from increased oil revenue, raising hopes for sustained growth as the government focuses on infrastructure, healthcare, and education.

Nigeria’s 2024 budget faces challenges as Brent crude oil price falls below the projected benchmark, threatening national revenue streams.