The Federal Government earned far less than expected from crude oil in the first half of 2025, even though crude oil production improved slightly during the period. According to the …
Federation Account
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EconomyEnergyGovernment PolicyNational BudgetOil & GasPublic Finance
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Anti-CorruptionEconomyFinanceGOVERNMENTPublic PolicyTax & Revenue
FG launches nationwide revenue recovery drive to plug leakages
The Federal Government has launched a nationwide revenue recovery exercise aimed at boosting inflows into the Federation Account and blocking financial leakages across key revenue-generating agencies. The initiative was unveiled …
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EconomyFinanceGOVERNMENTNigeriaOil & GasTransparency
FG Extends NNPCL Revenue Probe to December 2024 Over $42bn Under-Remittance Allegation
The Federal Government has extended its ongoing probe and reconciliation of payments made by major revenue-generating agencies, including the Nigerian National Petroleum Company Limited (NNPCL), to December 2024, following unresolved …
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BusinessEconomyForeign ExchangeGovernanceINVESTMENTOil & Gas
Nigeria Records 16-Year Low in Crude Oil Theft
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 …
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DevelopmentEconomyFinance & ServicesGOVERNMENTNigeriaOil & GasPolitics
FIRS and RMAFC Form Joint Committee to Strengthen Tax Monitoring and Boost Revenue Sharing
The Federal Inland Revenue Service (FIRS) and the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) have come together to set up a joint technical committee that will help improve how …