Nigeria: Beijing-based Oil Company to invest $3 bln in oilfield operations
China National Offshore Oil Corp (CNOOC) has pledged to invest about $3billion in its existing oil and gas operations in Nigeria, the Nigerian National Petroleum […]
NNPC
Nigeria’s Parliament to probe state oil company over ‘under-remittances’
Nigerian lawmakers of the lower house on Tuesday voted a motion to investigate state oil firm over ‘insufficient’ remittances to government coffers. The move comes […]
Morocco, Nigeria Turning Africa’s Dreams into Reality
Morocco and Nigeria, two major African regional powers, are enhancing their strategic alliance in a bid to turn the cherished African dreams into tangible reality. […]
Nigeria: Ex oil minister Alison-Madueke charged for graft allegations
Nigeria’s former oil minister Diezani Alison-Madueke has been charged for money laundering by the West African nation’s Federal High Court in Lagos. Alison-Madueke, who was […]
Nigeria’s NNPC Awards Crude Oil Contracts to 39 Companies
Nigerian state run National Petroleum Corporation (NNPC) has awarded its 2017 crude oil term contracts to 39 companies on Tuesday. NNPC said in a statement […]
Nigeria’s Central Bank Suspends 9 Banks from the FX Market
Nine banks in Nigeria have been barred from the foreign exchange market, local news reported on Wednesday. The move comes after the banks reportedly failed […]
Nigeria: Delta Avengers claim five attacks
The Niger Delta Avengers (NDA) claimed five attacks on oil facilities in Nigeria’s southern oil-producing hub over the weekend. The group said it had issued […]
Nigeria oil workers call off strike after talks
A strike at Nigerian National Petroleum Corp (NNPC) has been suspended after talks between the Minister of State for Petroleum, Ibeh Kachikwu, and the workers’ […]
Nigeria: Ex-Banker Appointed Finance Minister
Five months after taking office in Africa’s largest economy and biggest oil exporter, Nigerian President Muhammadu Buhari named former investment banker, Kemi Adeosun, to take […]
Nigeria to fight oil theft with drones – NNPC boss
Nigeria’s state oil company NNPC is set to deploy drones to check the movements of ships in the country’s waters in a bid to free […]