11 articles tagged with “oil revenue”
The Nigerian government has launched capital gains tax reviews and infrastructure concession programmes to attract patient capital, while President Tinubu's executive order on oil earnings remittance aims to increase Federation Account revenue.
Nigeria's three tiers of government are flush with oil revenues unseen in years, yet the Tinubu administration faces mounting pressure to demonstrate fiscal restraint while critical healthcare infrastructure requires N32.2 billion in emergency funding.
The Revenue Mobilisation Allocation and Fiscal Commission has thrown its weight behind President Tinubu's directive requiring oil and gas revenues to flow directly into government accounts, marking a significant shift in Nigeria's fiscal management framework.
Nigeria's Senate has warned it may slash the N58.47 trillion 2026 budget, citing unrealistic revenue assumptions and questionable oil production benchmarks, even as the Tinubu administration grapples with unprecedented oil revenues and fiscal discipline challenges.
Nigeria's Finance Minister defends the 2026 budget assumptions before lawmakers as the revenue service chairman admits previous budgets failed due to unrealistic projections, raising questions about fiscal credibility.
The Capital Market Academics of Nigeria has endorsed President Tinubu's Executive Order requiring direct remittance of oil and gas revenues to the Federation Account, calling it a significant fiscal transparency measure while recommending its extension to joint venture assets.
President Bola Tinubu has signed an executive order eliminating multiple deductions from oil and gas revenue, targeting an estimated 30% of receipts currently withheld before remittance to the Federation Account.
President Bola Tinubu has signed an executive order requiring direct remittance of oil revenues to the Federation Account, removing NNPC's authority to collect and manage a 30% exploration fund while suspending gas flare penalties.
President Tinubu signed an Executive Order suspending NNPCL management fees and mandating full oil revenue remittance to the Federation Account, while securing German commitments for security, power, and rail cooperation during Chancellor Merz's visit.
President Bola Tinubu has signed an executive order requiring direct remittance of oil and gas revenues to the Federation Account Allocation Committee, bypassing intermediary agencies in a reform aimed at plugging revenue leakages.
Governor Bassey Otu has called on Nigeria's federal government to ensure equitable treatment for Cross River State during the ongoing re-listing process for oil-producing states, citing the state's historical sacrifices for national unity.