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Oil Revenue Rises 53.59% in Q4 2024, But Falls Short of Quarterly Target, CBN Report Reveals - TV360 Nigeria

Summary by tv360nigeria.com

Nigeria’s oil revenue surged by 53.59% in the fourth quarter of 2024, reaching ₦2 trillion, driven by higher receipts from oil-related revenues. However, the Central Bank of Nigeria’s (CBN) economic report for Q4 2024 indicated that these earnings fell short of the quarterly target by a significant 62.19%. The growth in oil revenue was supported by ongoing efforts to secure oil infrastructure, which contributed to increased receipts from petrole…

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Central Bank Reports: Nigerian Economy Under Tinubu Falls Short of Revenue Targets in 2024

A recent report by the Central Bank of Nigeria has revealed that the country’s economy, under the leadership of President Bola Tinubu, failed to meet its revenue targets in the fourth quarter of 2024. Despite a 5.31% increase in federally collected revenue compared to the previous quarter, the figure still fell short of the benchmark by 19.67%. The report also highlighted that the Federal Government’s retained revenue was 10.40% higher than in…

2 days ago

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