Business

Nigeria’s GDP expands by 4.23% in Q2 2025, driven by oil and industry growth

Awwal Owolabi 23 September 2025 0

The National Bureau of Statistics (NBS), on Monday, announced that the Nigeria’s economy grew by 4.23 percent in the second quarter of 2025. The figure is considerably higher than the 3.48 percent growth recorded in the same quarter of 2024, and above the 3.13 percent reported in the first

Business

Tinubu hails surge in non-oil revenues, declares end to local borrowing

Awwal Owolabi 4 September 2025 0

President Tinubu says Nigeria has recorded its “strongest fiscal performance in recent history” citing a rise in non-oil revenue collections between January and August 2025. Bayo Onanuga, Special Adviser to the President on Information and Strategy, released the statement on his official X platform on Wednesday. The Tinubu-led administration attributed the latest revenue

News

Nigeria, others to lose $1tn oil revenue in 20 years – Report

Ihesiulo Grace 7 January 2021 0

Doosuur Iwambe, Abuja A new report by PricewaterhouseCoopers has revealed that Nigeria and other African oil-producing countries will lose an estimated N1tn in oil export revenues over the next 20 years as prices are forecast to remain low. PwC, in its Africa Oil and Gas Review 2020, said oil production in Africa saw a decline […]

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PDP tells Buhari to account for N4trn oil money

Ihesiulo Grace 29 August 2018 0

The Peoples Democratic Party (PDP) has urged President Muhammadu Buhari to explain the whereabouts of the N4 trillion unremitted oil revenue and other financial rots in the Presidency as detailed in the audit report by Price Waterhouse Cooper, a firm commissioned by his administration. The party said the report has further confirmed that President Buhari […]

News Nigeria

Future prosperity: Osinbajo urges African economies to look beyond oil revenue

Ihesiulo Grace 11 June 2018 0

Vice President Yemi Osinbajo has called on African countries to diversify their economies and look beyond an oil-based revenue for future prosperity. Osinbajo stated this in Abuja on Monday while declaring open the Extraordinary Session of the Council of Ministers of African Petroleum Producers Organisation (APPO). According to the vice president, while oil and gas […]

News

Oil revenue: NNPC declines disclosure of Falana’s request

Ihesiulo Grace 3 March 2018 0

The Nigerian National Petroleum Cooperation (NNPC) has said it will not grant the request by human right activist and Senior Advocate of Nigeria(SAN), Mr. Femi Falana, seeking to know how much revenue Nigeria is getting daily from the sale of crude oil. Falana had asked the NNPC to disclose the revenue realized from the sale […]