The Central Bank of Nigeria (CBN) has highlighted ageing pipeline infrastructure and operational inefficiencies as major factors behind the significant decline in oil revenue during the third quarter of 2024. According to the apex bank’s latest economic report, oil revenue plunged by 24.72% to ₦1.30 trillion, compared to the second quarter of 2024. This shortfall … Continue reading Oil Revenue Drops As Nigeria Struggles With Ageing Infrastructure And Operational Inefficiencies