Oil and gas royalty collections by the Nigeria Revenue Service surged by N220.09bn in February 2026, a sharp increase of 87.6 per cent compared to January, following the implementation of Executive Order 9 mandating the centralisation of revenue collection in the sector.
Latest Federation Account Allocation Committee revealed that oil and gas royalties rose sharply to N471.27bn in February 2026, marking an increase of 87.6 per cent from the N251.18bn recorded in January.
The figures indicate a month-on-month increase of N220.09bn, highlighting a significant boost in government revenue from the upstream oil and gas sector within a short period…Read The Complete; Full Original Here.