Nigeria has achieved its lowest level of crude oil theft in 16 years, a development analysts say could ease pressure on the foreign exchange market, boost fiscal revenues, and restore …
BusinessEconomyForeign ExchangeGovernanceINVESTMENTOil & Gas
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CRUDE OIL THEFT
- Business and EconomyEconomyFinance & ServicesNigeria
Nigeria’s Debt Servicing Hits N8.9tn in Nine Months, Exceeds 2024 Budget
Nigeria’s debt servicing costs rose sharply to N8.9tn in the first nine months of 2024, far exceeding the pro-rata budget of N6.2tn. A new report by Afrinvest revealed that the …
- EconomyFinance & ServicesGOVERNMENTInternational RelationsOil & Gas
Nigeria’s Crude Oil Output Drops Again As Prices Fall, Budget Under Threat
Nigeria’s daily crude oil production has dropped again in March 2025, raising more concerns about the country’s ability to meet its budget plans for the year. This is coming at …
Shell Petroleum Development Company of Nigeria (SPDC) Limited on Friday threatened to leave the country over theft of crude oil and production challenges. The company’s Managing Director, Osagie Okunbor, who …