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Farooq

Posts Tagged "oil revenues"

HomePosts Tagged "oil revenues"
  • Shell

The Nigerian Government is said to have received the sum of $3.7 billion in taxes and royalties, from Anglo-Dutch Shell Group. The sum represents the highest payment made to any single government among the Shell 31 countries of operations, according its latest Global Report for 2016. The total payments could have paid in excess of […]

  • CBN

Oil producing states in Nigeria shared N20.62billion as 13 per cent Derivation Fund, according to the Central Bank of Nigeria (CBN). The CBN in its latest monthly financial report for February 2017, explained that the Federal, State and Local Governments received N9.17billion, N4.65billion and N3.58billion, while the oil producing states received N2.60billion as 13 per […]

May 4 (Reuters) – A recent rise in oil revenues has helped the central bank to defend the naira and stabilise the parallel market foreign exchange rate, central bank governor Godwin Emefiele said on Thursday. Nigeria has suffered from dollar shortages as a slump in oil revenues has hammered the currency and dried up supplies […]

LAGOS Feb 21 (Reuters) – Nigeria’s distributable government revenues rose in January by 16 percent to 465.19 billion naira ($1.5 billion) as it brought in more oil royalties, the accountant general’s office said in a statement on Tuesday. Distributable revenue is government income that is shared at various levels of state including the federal government, […]

  • dollar to naira

ABUJA Jan 20 (Reuters) – Nigeria’s distributable revenues to the government rose in December by 3.4 percent to 400 billion naira ($1.31 billion) as the country collected more royalties from oil, the minister of finance said in a statement on Friday. “Collection from royalties increased significantly,” Minister of Finance Kemi Adeosun said in the statement. […]

Okechukwu Nnodim, Abuja Latest figures from the Nigerian National Petroleum Corporation have revealed that the country’s crude oil sales proceeds increased by $74.9m or N22.84bn (using the official exchange rate of N305 to a dollar) in November 2016. This, however, was despite the 8.4 per cent drop in the international market price of Brent crude […]

  • dollar to naira

The federal government aggregate foreign exchange (forex) inflow as at the third quarter of 2016 moved up remarkably to $24 billion, a member of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), Dr. Doyin Salami, has revealed. This represents an increase by $8.67 billion when compared with the aggregate forex inflow […]

The Nigerian National Petroleum Corporation (NNPC) total export sale for the month of October dropped by $25.76 million, leaving it at $105.74 million to its latest monthly report. A further breakdown of the report indicated that crude oil export sales contributed $21.40 million (or 20.24 per cent) of the dollar transactions compared with $86.80 contribution […]

  • Kachikwu

The federal government is expected to earn about $2 billion (about N61billion) from a new cash call policy that comes into effect in January 2017, while its oil production is set to increase to 2.5 million barrels per day in 2019. This is a fallout of the restructuring embarked upon by the Minister of State […]

  • Kachikwu

The agreement that Nigeria signed with joint venture partners on Thursday will increase the nation’s revenue by $2 billion per annum, according to the Minister of State for Petroleum, Dr Ibe Kachikwu. According to Kachikwu, net payments to the Federation Account is expected to double from about seven billion dollars to over 14 billion dollars […]