Nigeria’s Revenue Hits N15.8tn: Economists Cite Reforms
Economists have attributed Nigeria’s strong revenue performance in the first five months of 2026 to the impact of recent tax reforms, improved revenue administration and stronger earnings from the oil sector, following government collections of N15.8tn during the period. According to data from the Nigeria Revenue Service reported by Bloomberg, government revenue rose by 49 […]
Dangote Refinery Reduces Forex Pressure on Nigeria – Report
The Economist Intelligence Unit has said the operational ramp-up of the 650,000-barrel-per-day Dangote Petroleum Refinery and Petrochemicals is reducing pressure on Nigeria’s foreign exchange market by cutting the country’s dependence on imported refined petroleum products. In its latest assessment on Nigeria’s fuel market and regulatory environment, the EIU stated that the refinery had fundamentally reshaped […]
Nigeria Loses N1.76tn After Missing OPEC Oil Quota
Nigeria’s oil sector lost an estimated N1.76tn in potential crude oil revenue due to its failure to meet the production quota set by the Organisation of the Petroleum Exporting Countries from January 2025 to January 2026. Data from the Nigerian Upstream Petroleum Regulatory Commission revealed that the country’s crude oil production fell below the OPEC-set […]