Nigeria’s $6.84bn Balance of Payment Surplus Signals Economic Resilience and Stability
The Democratic Front (TDF) has hailed on April 21 Nigeria’s $6.84 billion balance of payment surplus for 2024 as a key indicator of economic strength […]
Petroleum
Nigerian Army Seizes Thousands of Litres of Stolen Oil, Arrests 43 Suspects in Coordinated Raids
Troops from the Nigerian Army’s 6 Division have successfully apprehended 43 suspected oil thieves during a series of coordinated raids across Bayelsa, Delta, and Rivers […]
Nigeria to Implement Tanker Ban Amid Rising Road Accidents that claim 3500 Lives
Nigeria’s Federal Government has announced on February 19 plans to phase out tanker trucks with capacities of 60,000 and 45,000 litres in an effort to […]
Angola’s Oil To Be Explored By Nigeria’s Oando PLC
Oando Energy Resources (OER), the upstream subsidiary of Oando PLC, has been awarded on February 09 the operatorship of Block KON 13 in Angola’s Onshore […]
Ghana to stop Gold-for-Oil Deal Over Lack Of Transparency
Energy Minister John Abdulai Jinapor has expressed concerns over the lack of transparency within the Gold-for-Oil (G4O) programme, labelling it opaque and unclear for future […]
Angola and Brazil strengthen cooperation in the hydrocarbon field
The National Agency of Petroleum, Gas and Biofuels (ANPG) signed, this Wednesday, with its counterpart in Brazil, the National Agency of Petroleum, Natural Gas and […]
Mauritania awards Total two oil exploration and production contracts
Integrated oil and gas company Total and the Ministry of Petroleum, Energy and Mines of Mauritania have signed an agreement awarding Total two new exploration […]
Morocco explores investment opportunities in Mauritania
Moroccan ambassador to Mauritania, Hamid Chabar has visited the facilities of the National Industrial and Mining Company (SNIM) in the West African nation. The mining […]
Dangote inks $650m loan for oil refinery project in Nigeria
Aliko Dangote, Africa’s richest man, founder and chair of the continent’s largest cement producing company, has signed a $650 million loan facility with the African […]
Nigeria oil reform bill to establish powerful industry regulator
Nigeria’s government under a legislation—known as the Petroleum Industry Bill (PIB)—will soon create a powerful energy regulator with broad oversight of the oil and gas […]