Nigeria’s oil sector records –0.85% growth in Q3/2023
Nigeria’s oil sector grew –0.85% in Q3/2023. This is according to the GDP report recently released by the NBS.
Tag: oil sector
Oil marketers threaten massive fuel scarcity by next week, deny FG’s N74 billion payment claim
Oil marketers have threatened down tools by next week if the Federal Government does not pay the 12 months bridging ...
Nigeria’s oil sector contracts by 13.89%, as covid-19 plunges economy into recession
The contraction in the oil sector indicates 7.26% points lower than the growth recorded in the previous quarter (Q2 2020, ...
Minister of Petroleum explains reasons for subsidy removal
The Minister said it was unrealistic for the government to continue with the subsidy regime.
Banks to recover N6.125 trillion loan from oil firms
Commercial banks in Nigeria are set to begin the recovery of N6.125 trillion borrowed to oil firms in a bid ...
Chart of the day: Oil contribution to Nigeria’s GDP remains low
The contribution of the oil sector to Nigeria’s Gross Domestic Product (GDP) is slightly on the rise, after witnessing a ...
