COGNICURRENT

The Nigerian government has initiated the implementation of Executive Order 09 to enhance the management of oil and gas revenues.

The Nigerian Federal Government has revised its oil revenue remittance framework to reflect industry realities while maintaining direct remittance mandates for oil-related revenues.

The Nigeria Governors’ Forum has expressed support for President Tinubu's Executive Order on the remittance of oil and gas revenues directly into the Federation Account, emphasizing the importance of fiscal transparency and constitutional adherence.

An expert highlights that the ongoing conflict with Iran could positively impact Russia's oil revenues, which are crucial for its military efforts in Ukraine.

The Nigeria Governors’ Forum has endorsed direct remittance of oil and gas revenues into the Federation Account, emphasizing the importance of fiscal transparency and constitutional alignment.

The Nigerian government has started implementing the Oil and Gas Revenues Executive Order 09 to enhance federal revenue management.

The Nigeria Extractive Industries Transparency Initiative praises President Tinubu's Executive Order 9 aimed at directly remitting oil and gas revenues to the Federation Account.

Venezuela's oil revenues will now be deposited directly into accounts managed by the U.S. Treasury instead of a Qatar fund, according to U.S. Energy Secretary Chris Wright.

Nigeria's president has mandated direct remittance of oil and gas revenues to the Federation Account, addressing inefficient spending by the Nigerian National Petroleum Corporation Limited.

The article discusses the deteriorating state of the Russian economy and living standards after four years of conflict, highlighting significant budget deficits and declining oil and gas revenues.

Russia's oil exports have increased compared to pre-war levels, but its revenues have decreased due to Western sanctions.

The UK has announced its largest sanctions package against Russia in four years, focusing on oil revenues and military equipment suppliers.

A recent analysis from the Centre for Research on Energy and Clean Air reveals that Russia's oil and gas export revenues have dropped significantly over the past year, with an estimated decline of 27%.

In January 2026, Russia set a record of 12.7 million tons of crude oil exported via Baltic Sea ports, surpassing the previous record of 11.8 million tons from October 2025, despite sanctions affecting energy export revenues.

As EU sanctions intensify, Russia's oil revenues are declining, prompting the growth of a shadow fleet to circumvent restrictions.

The Revenue Mobilisation Allocation and Fiscal Commission has endorsed President Bola Tinubu's executive order mandating direct remittance of oil and gas revenues to the federation account, citing it will enhance revenue inflows and reduce leakages.

The Nigerian Senate has threatened to cut the 2026 budget proposal due to unrealistic revenue projections and poor performance in oil benchmarks.

Venezuela has begun raising gasoline prices in Caracas as part of efforts to generate new revenues while reopening its oil industry to foreign investment.

Russia expects its revenue from oil and gas to decrease nearly 50% in February 2025 due to a stronger ruble and lower oil prices.

Norway's trade surplus reached nearly 76 billion kroner in January 2026, a significant increase attributed to soaring export revenues from oil and gas.

The Brazilian federal government has authorized the auction of 18 new pre-salt blocks, projecting revenues of up to R$ 3.2 billion in signing bonuses and significant government earnings over time.

The article discusses the pressures on Russia due to Elon Musk cutting off Starlink internet access, declining oil and gas revenues, and the ramifications of the Epstein scandal on Russian elites.

The UK is considering seizing tankers associated with Russia's shadow fleet in response to declining Russian oil revenues.

Russia's economy is facing serious problems as state revenues plummet due to low oil prices and lack of interest from India, with budget deficits potentially tripling forecasts by 2026.

The UK has threatened to seize Russian tankers associated with a 'shadow fleet' amid the ongoing conflict and declining oil revenues for Russia.

The UK has threatened to seize a Russian-linked tanker, potentially escalating tensions with Moscow amidst declining Russian oil revenues.

The EU has implemented a new package of sanctions, including a total ban on providing maritime services to ships transporting Russian oil, aiming to reduce Russia's oil revenues and buyer accessibility.

Russia's budget deficit is projected to nearly triple by the end of 2026 due to declining oil revenues and increased military spending.

Russia's oil and gas revenues in January 2026 fell to their lowest since 2020, reaching RUB 393.3 billion, a significant decrease compared to January 2025.

Russia faces increasing budget difficulties as oil and gas revenues decline, with the potential loss of India as a key customer exacerbating the situation.

Russia is facing increasing budget challenges due to declining oil and gas revenues, with the potential loss of India as a major customer exacerbating the situation.

Venezuelan interim president Delcy Rodriguez has proposed legislative reforms to attract foreign investments in the oil sector, with a commitment to directing revenues towards healthcare initiatives.

Russia's oil and gas revenues dropped to their lowest level in five years in 2025, due to falling crude oil prices and declining gas exports, with state budget revenue decreasing by 24% compared to 2024.

Russia's revenues from oil and gas sales have plummeted by 24% in 2025, reaching levels not seen since 2020 during the COVID-19 pandemic.

Former Ukrainian President Petro Poroshenko believes Ukraine needs to negotiate differently with Trump and sees potential hope for peace due to American interventions affecting Russian oil revenues.

Ukrainian President Volodymyr Zelenskyy stated that international restrictions on Russian maritime oil exports may reduce Russia's annual oil revenues by at least $30 billion, which could impact funding for its military operations.

The article discusses how the Kremlin has managed to sustain the Russian economy despite sanctions and pressures on oil revenues.

The US is taking steps to secure Venezuelan oil revenues as investment in the country remains unfeasible under current conditions, highlighted by recent discussions between Donald Trump and major oil operators.

Supporters of ousted Venezuelan leader Nicolas Maduro protested in Caracas following his capture by US forces, while Trump signed an order to safeguard US-held revenues from Venezuelan oil.

U.S. President Donald Trump declared a 'national emergency' to protect revenues from Venezuelan oil sales in U.S. Treasury accounts, preventing creditors of Venezuela's debt from claiming these funds.

President Trump has issued an executive order preventing U.S. courts from seizing Venezuelan oil revenues in American accounts, citing national security and foreign policy concerns.

Donald Trump has signed an emergency decree to provide special protection for Venezuelan assets, including oil revenues, located in the U.S., by creating a state-owned deposit fund controlled by the U.S. government.

President Trump signed an executive order aimed at protecting revenues from Venezuela's oil, preventing their seizure which could undermine U.S. efforts for stability in Venezuela, according to the White House.

U.S. President Donald Trump has signed an executive order aimed at safeguarding Venezuelan oil revenues located in U.S. Treasury accounts from 'sanctions or legal processes' of any nation, according to a White House statement.

President Trump stated that the US will monitor Venezuela and control its oil revenues for an extended period, revealing this in an interview with the New York Times.

U.S. President Donald Trump announced that Venezuela will only purchase American-made products funded by oil revenues as part of a new deal.

Donald Trump has proposed a significant increase in US defense spending and aims to ensure that Venezuela invests its oil revenues in US products, while also expressing unexpectedly conciliatory remarks towards Colombia.

In a live blog update, Trump asserts that Venezuela is exclusively investing its oil revenues in American products as part of his 'America First' strategy.

Donald Trump announced that Venezuela will only purchase American products using its oil revenues, under a conditional agreement involving revenue oversight by the U.S.

Donald Trump stated that Venezuela will exclusively purchase American goods using its oil revenues, with interim Venezuelan officials expected to deliver between 30 and 50 million barrels of oil to the U.S.