Nigeria’s Fuel Subsidy Dilemma Deepens as Debt to Suppliers Soars
Nigeria’s state oil company NNPC faces mounting challenges as its debt to gasoline suppliers has surged to over $6 billion, doubling since April. This financial […]
NNPC
TotalEnergies ready to invest six billion dollars in Nigeria
TotalEnergies CEO Patrick Pouyanné met Nigerian President Bola Ahmed Tinubu on Monday. The French giant said it was ready to invest “six billion dollars over […]
Fuel prices in Nigeria almost triple in two days
Prices at the pump almost tripled at service stations in Nigeria after the new President announced on Monday that he would end fuel subsidies, journalists […]
Nigeria’s Electoral Commission confirms that elections will be held
Nigeria’s Electoral Commission (Inec) said Wednesday that the presidential election will be held as scheduled on February 25 despite massive shortages of gasoline and new […]
Morocco, Nigeria, ECOWAS Sign Gas Pipeline Agreement
Morocco’s National Agency for Mines and Hydrocarbons (ONHYM), Nigeria’s National Petroleum Company Limited (NNPC), and the Economic Community of Western African States (ECOWAS) signed Thursday […]
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 […]
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 […]