Oil Revenue

Business

Nigeria’s Oil Revenue Crisis Deepens as Q3 Earnings Miss Budget Target by N7.88tn

Ogochukwu Onwaeze, THEWILL -
May 28, (THEWILL) — Nigeria’s oil revenue performance suffered a major setback in the third quarter of 2025, falling far below government projections and exposing the nation’s fragile fiscal position despite slight improvements in earnings. According to the latest...
Business

Nigeria Records 62% Oil Revenue Gap By July

THEWILL -
December 19, (THEWILL) — Nigeria’s oil revenue significantly underperformed budget expectations in the first seven months of 2025, raising fresh concerns about the sustainability of the federal government’s fiscal plans for the year. Data from official budget implementation reports show...
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Latest News

HeadlineFelix Ifijeh, THEWILL -

Dangote Refinery Faults Continued Fuel Imports, Says Local Capacity Can Meet Nigeria’s Demand

According to market data available to the refinery, imported PMS accounted for approximately 43 per cent of fuel supplied into the Nigerian market in July. The development, it said, raises questions about the necessity of continued large-scale imports at a time when Nigeria has significantly expanded its domestic refining capacity.
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