DPR’s 2017 Nigerian Oil and Gas Industry Annual Report

FG Generates N1.68Trn From Royalties, Fines In Oil Sector

The Department of Petroleum Resources (DPR) has reported that Nigeria collected about N1.68 trillion as revenue from oil and gas royalty, gas flare penalty, concession rentals and miscellaneous oil revenue sources between 2015 and 2017. The Department in its just published 2017 Nigerian Oil and Gas Industry Annual Report, stated that about N545.06 billion was […]

FG Rakes In N6.67Trn From Upstream Oil Operations

The Federal Government has earned the sum of N6,671,081,710,411.26 as oil revenue between 2010 and 2017. The Department of Petroleum Resources (DPR) disclosed this in its 2017 Nigerian Oil and Gas Industry Annual Report launched on Tuesday in Lagos. The Department indicated in the report that the revenue was realized from oil and gas royalty, gas […]