Crude-backed loans gulped N8.36tn of 2025 revenue
Photo caption: Crude Oil About 14.66 per cent of Nigeria’s crude oil production in 2025 was likely committed to servicing crude-backed loan facilities, based
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Oil has been the world’s most important source of energy since mid-1950s. Its products underpin modern society, supplying energy to power industry, heat homes, fuels for vehicles and various means of transportation to carry goods and people all over the world.
For this reason, it is important we stay informed on one of our high-priced goods to ensure our resources are safe and secured.
