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National Economy

June 29, 2026

Nigeria Exceeds OPEC Oil Quota As Infrastructure Upgrades Fuel Production Recovery

News Crackers Business, Economy, Oil & Gas, Power & Energy National Economy, Petroleum Industry 0

NIGERIA’S upstream petroleum sector is showing renewed signs of recovery after crude oil production climbed above the country’s Organisation of Petroleum Exporting Countries (OPEC) quota for the first time this year. Industry experts say stronger security around oil facilities, improved operational efficiency and the rehabilitation of critical infrastructure are beginning to reverse years of production […]

June 18, 2026

Federal, State Governments Share ₦2.3 Trillion Amid Rising Oil-Linked Revenues

News Crackers Economy Federation Account Allocation Committee (FAAC), Fiscal Policy, Government Revenue, National Economy, public finance 0

FAAC Allocates ₦2.3 Trillion to Federal, State and Local Governments THE Federation Account Allocation Committee (FAAC) has distributed a total of ₦2.3 trillion among the Federal Government, state governments and the 774 local government councils as revenue allocation for May 2026. The allocation was approved during the June 2026 FAAC meeting held in Abuja, according […]