Federation oil earnings slump by N78.7bn despite rising prices

Image for article Federation oil earnings slump by N78.7bn despite rising prices
News Source : The Punch

News Summary

  • Federation oil earnings from Nigerian National Petroleum Company Limited’s Production Sharing Contract profit distribution fell by N78.71bn in March 2026.
  • The decline came despite a strong rally in global crude oil prices during the month, an analysis of NNPC reports presented at Federation Account Allocation Committee meetings has shown.
  • The reports, obtained by Sunday PUNCH, showed that PSC total distribution to the Federation Account dropped from N121.34bn in February 2026 to N42.64bn inMarch 2026, representing a decline of 64.9 per cent month-on-month.
Federation oil earnings from Nigerian National Petroleum Company Limiteds Production Sharing Contract profit distribution fell by N78.

Must read Articles

News image for article Federation oil earnings slump by N78.7bn despite rising prices

8 Best Action Thriller Series On Netflix & Prime Video

News Source : By Blaise Santi from Screen Rant

News image for article Federation oil earnings slump by N78.7bn despite rising prices

5 Movies To Avoid On Netflix

News Source : By [email protected] (Nina Starner) from /FILM

News image for article Federation oil earnings slump by N78.7bn despite rising prices

A Legendary Avengers Doomsday Star Once Called Movies The Worst Form Of Entertainment

News Source : By [email protected] (Witney Seibold) from /FILM

News image for article Federation oil earnings slump by N78.7bn despite rising prices

Drakes Triple Album Drop Puts Amazon Music In The Streaming Convo

News Source : By Ime Ekpo, Contributor, Ime Ekpo, Contributor https://www.forbes.com/sites/imeekpo/ from Forbes

News image for article Federation oil earnings slump by N78.7bn despite rising prices

You Can Still Watch 3D Movies At Home, Just Not On A TV

News Source : By [email protected] (Michael Bizzaco) from BGR

News image for article Federation oil earnings slump by N78.7bn despite rising prices

Devil Wears Prada 2 shows how Christian imagery circulates in unusual ways in fashion industry

News Source : By Lynn S. Neal from Salon

News image for article Federation oil earnings slump by N78.7bn despite rising prices

10 Most Ambitious SciFi Movies Of All Time

News Source : By Karlis Wilde from Screen Rant

News image for article Federation oil earnings slump by N78.7bn despite rising prices

This Classic SciFi Movie Had A Unique 15Year Theatrical Run In Russia

News Source : By [email protected] (Witney Seibold) from /FILM

News image for article Federation oil earnings slump by N78.7bn despite rising prices

I finally found an Android Auto music player that doesnt need the internet

News Source : By Sagar Naresh from MakeUseOf

News image for article Federation oil earnings slump by N78.7bn despite rising prices

Is This the Ultimate Large Format Landscape Film?

News Source : By Alex Cooke from Fstoppers

News image for article Federation oil earnings slump by N78.7bn despite rising prices

Modest fashions global turn

News Source : By Hafsa Lodi from Al Jazeera English

News image for article Federation oil earnings slump by N78.7bn despite rising prices

Playing Atari ST Music on the Amiga with Zero CPU

News Source : By Arnaud Carré from Github.io

News image for article Federation oil earnings slump by N78.7bn despite rising prices

SHIBOYUGI Playing Death Games to Put Food on the Table 44 Cloudy Beach Anime Film Reveals New Visual, Trailer

News Source : By from Anime News Network

News image for article Federation oil earnings slump by N78.7bn despite rising prices

C&Ls Late Nite Music The Crusaders Spiral

News Source : By John Amato from Crooksandliars.com

News image for article Federation oil earnings slump by N78.7bn despite rising prices

Kristen Stewart & Woody Harrelsons Father/Daughter Film Full Phil Gets 5 minute Ovation at Cannes Film Festival

News Source : By AJ Pitts from Just Jared

News image for article Federation oil earnings slump by N78.7bn despite rising prices

Ive switched back to Apple Music temporarily, and I forgot how much I loved this underrated feature for new music discovery and I think I prefer it to Discover Weekly

News Source : By [email protected] (Rowan Davies) , Rowan Davies from TechRadar

News image for article Federation oil earnings slump by N78.7bn despite rising prices

We Asked Four Animators Whats The Hardest Thing To Draw?

News Source : By [email protected] (Rafael Motamayor) from /FILM

News image for article Federation oil earnings slump by N78.7bn despite rising prices

Keanu Reeves To Lead Voice Cast Of Masashi Kawamuras Edo EraSet Animation Hidari

News Source : By Melanie Goodfellow from Deadline

News image for article Federation oil earnings slump by N78.7bn despite rising prices

Lukas Dhont Returns To Cannes With Competition Title Coward Clip

News Source : By Zac Ntim from Deadline