The latest data from the Central Bank of Nigeria have shown that the quantity of foreign exchange used for oil imports in 2020 was $1.32bn, compared to $2.10bn in 2019. The CBN’s data on sectoral utilisation Read More
Tags :Oil producing states
The government-owned refineries, being run by the Nigerian National Petroleum Corporation, reported a total loss of N778.71bn from 2015 to 2019. This was obtained from an analysis of data collated from their financial statements. The refineries Read More
The Nigerian National Petroleum Corporation said it recorded an increase of ₦24.19billion trading surplus in December 2020. The amount is an 80.12 percent increase compared to the ₦13.43billion surplus recorded in November of the same year. Trading Read More
Eight oil-producing states received N6.589 trillion from the Federation Account between 2009 and 2019 under the 13 percent derivation principle according to a report published by ACIOE Associates to key officers of the National Assembly and aides to Read More
