Business Hilights

Tracking Nigeria's Headline Business News Online

Federation Allocation Committee (FAC)

FG earns $177.5m daily, 112.5m for FAC, 65m for ECA since oil rose to $71

As Nigeria’s oil production hits 2.5mb/d, it means that crude production now stands 1.8 million barrel per day without condensate, and 2.5million per day with condensate. This was the revelation of the Group Managing Director of Nigerian National Petroleum Corporation…