Tag: oil revenue
What Happens to African Energy Industry if Western Lenders Cut Off...
A little more than a year ago, in November 2019, the European Investment Bank (EIB) declared its intention to phase out funding for fossil...
‘Nigeria May Lose N1.2trn Oil Revenue to Non-Compliance to Fiscal Incentive...
Nigeria might have lost over N1.2 trillion in oil revenue following the alleged breach of the 2000/2001 fiscal incentive package conditions by SINOPEC-ADDAX.
Senator Gershom...
Anyala-Madu Fields’ 60,000 bpd Potential to Boost Nigeria’s Oil Revenue
Nigerian National Petroleum Corporation (NNPC) and indigenous producer First E&P have confirmed that oil production from Nigeria's Anyala West field, located in the shallow...
COVID-19: Nigeria Lost Over N1.06trn in Oil Revenue
Nigeria National Petroleum Corporation (NNPC) has confirmed that the country's oil revenue target declined by N1.06 trillion due to the impact of the COVID-19...
Nigeria Shifting Dependence on Oil Revenue, Plans 50 Mines Before 2023
Nigeria, Africa’s largest oil producer, has said that it is banking on revenue from the mining sector in a new diversification plan which will...
AfDB’s NORMA project nets South Sudan 14.2 million non-oil revenue for...
Peace Obi
South Sudan, an African country whose economy is heavily dependent on oil revenue has made a remarkable achievement in its effort to diversify...
