Oil/Gas Reports

Infographic: Marginal fields and its poor performance

Marginal fields are oil and gas reserves usually too small for production to be economically viable for large oil companies. They are usually awarded to indigenous companies to explore considering the size of the reserves. There is widespread agreement that past awards of marginal oil fields in Nigeria have not delivered maximum value, either for […]

Fuel crisis looms across Nigeria as supply drops by 36 million litres

NNPC workers are pressing for the resolution of issues regarding pensions’ management.

NNPC begins payment of N206billion debt owed Federal Govt.

Federal, States and Local Governments shared N611.77 billion for August.

Nigeria’s oil revenue rises by 4.3% in second quarter 2014

The increase in oil receipt relative to the proportionate budget estimate was attributed largely to the rise in the other oil revenue during the review period.

​Malabu-like deals cost Nigeria, other developing nations $1 trillion yearly — Report

The losses are funds generated from the exploitation of natural resources and tax revenues siphoned from developing countries. The $1.1bn Malabu deal is an example

Nigeria realises N2.432 trillion oil revenue between January, April

N622.9 billion was made from gross oil revenue receipts for April alone. The latest monthly Economic Report by the Central Bank of Nigeria, CBN, showed that about N622.9 billion was made from gross oil revenue receipts for April alone. The figure was lower than about N689.1 billion realised in March by about 9.6 per cent, […]

CBN Economic report 1st quarter 2014

CBN Economic report April 2014

CBN Economic report March 2014

CBN Economic report February 2014

CBN Economic report for January 2014

FAAC REPORT – Revenue allocation to states and LGA for JANUARY 2014, shared in FEBUARY 2014

The three tiers of government in the country [Federal, State, and Local Councils] enjoyed an expanded take-home income from the Federal Account Allocation Committee [FAAC] in the New Year for the month of January compared to December. The FAAC shared N629.12bn between the Federal, States and Local governments. The amount for January is more than […]

FAAC REPORT – Revenue allocation to states and LGA for December 2013, shared in January 2014

The three tiers of government in the country [Federal, State, and Local Councils] enjoyed an expanded take-home income from the Federal Account Allocation Committee [FAAC] in the month on December. The FAAC says it shared N581.498 billion between the Federal, States and Local governments. The amount for December is less than the previous month of […]

CBN report on oil revenue for the month of November 2013

FAAC REPORT – Revenue allocation to states and LGA for November 2013, shared in December 2013

The three tiers of government in the country [Federal, State, and Local Councils] enjoyed an expanded take-home income from the Federal Account Allocation Committee [FAAC] in the month on November. The FAAC says it shared N675.650 billion between the Federal, States and Local governments, and that this sum includes value added tax (VAT) of N91.73 […]

Follow the money – $20bn

Time to Worry on Drop in Deepwater Oil Production, By Toyin Akinosho

Nigeria’s total production of crude oil fell by 100Million barrels between 2006 and 2008 and increased by the same volume between 2008 and 2011, but while the proportion of production coming from Production Sharing Contracts (PSCs) surged, relative output from acreages licenced as joint venture (JV) operations was on the decline. This trend indicates an […]

The PIB in infographics

FAAC reneges on augmentation agreement, draws from depleted Excess Crude Account

The money was released because of reduced funds available for sharing.

CBN report on oil revenue for the month of July

FAAC REPORT – Revenue allocation to states and LGA for June 2013, shared in July 2013

The Federal Account Allocation Committee reported a gross revenue allocation of N1.014 Trillion distributed between the Federal, States and Local government councils. Out of this sum, various deductions were made from the shares of both Federal and State governments based on what is being owed. Subsidy Savings for the period was also distributed to the […]