The Cheer News

Tag : #NigerDelta

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ECONOMY Oil and Gas

Nigeria’s Oil Production Rises Despite Challenges

EDITOR
By DAYO ADESULU Year-on-Year Increase in Production Nigeria’s daily average oil production rose by 7.38% in December 2024, reaching 1.667 million barrels per day (bpd)...
ECONOMY

Nigeria Earns Only 5% Revenue From Crude Oil Exports, Expert Reveals

EDITOR
By DAYO ADESULU Despite being Africa’s largest crude oil producer, Nigeria captures only 5% of the total revenue generated from its crude oil exports, according...
Oil and Gas

Nigeria’s Oil Production Hits 1.8 Million Barrels per Day, Federal Revenue Set to Reach N6.99 Trillion Monthly

EDITOR
By DAYO ADESULU Federal Government to Earn N6.99 Trillion Monthly as Oil Output Reaches New High Nigeria’s Federal Government stands to gain approximately N6.99 trillion...