Oil
The oil we produce and the money we didn’t see
CEII brief
Punch reported on 3 Nov 2026: The oil we produce and the money we didn’t see.
Read the full story on PunchAn opinion on Nigeria’s oil sector, where high NNPC costs and revenue leakages mean the country doesn’t see the full financial benefit of its production.
Context from CEII
Crude benchmarks move budgets, currencies and inflation in producer and importer countries alike. For economies such as Nigeria, where fuels dominate exports, production and refining decisions move the whole economy.
85.9% of Nigeria’s merchandise exports were fuels in 2025Countries in this story
Original reporting © Punch. Headline and excerpt quoted with attribution; the full article is available on the publisher’s site. CEII’s context is the Centre’s own and does not represent the publisher.
