…government, cheaper crude carries its own risks. Lower oil prices typically shrink export earnings and reduce the foreign exchange inflows that the country relies on to support public spending. Marketers release new ratesMeanwhile, on Tuesday, August 4, depots across Nigeria made little changes to their petrol prices a…

…profits into foreign currencies.According to market analysts, countries with strong export earnings, healthy foreign exchange reserves and prudent monetary policies are better positioned to maintain currency stability even during periods of global economic uncertainty.Kenya, Zambia show signs of resilienceA recent Reut…

By Ediri Ejoh The Federal Government’s (FG) crude oil export earnings fell 14.41 percent to $31.54 billion in 2025 from $36.85 billion recorded in the corresponding period of 2024. The drop was attributed to lower international crude oil prices arising from a global supply glut in the review period. The Central Bank of…

…LPG production, provide feedstock for fertilizer and petrochemical industries, generate export earnings through LNG, increase government tax and royalty collections, and earn carbon credits under international markets. “As a conservative estimate, Nigeria is likely foregoing between $18 million and $28 million every da…

…offers an opportunity to expand the monetisation of its vast gas reserves, increase export earnings and strengthen its position as a major supplier in the emerging African gas market. With the signing of the intergovernmental agreement by ECOWAS member states, the project has now moved beyond its initial political and…

…oil production performance in more than six years, raising expectations of higher export earnings, stronger foreign exchange inflows and improved government revenues if current price levels are sustained. Data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) showed that Nigeria’s average daily…