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 […]
Petroleum
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 […]
Nigerian oil workers start nationwide strike
Nigeria’s Petroleum and Natural Gas Senior Staff union (PENGASSAN) has launched a nationwide strike on Monday over the dismissal of its workers, local media reports. […]
Nigeria pleads Dangote to speed work on private refinery
Nigerian Minister of State for Petroleum Resources, Ibe Kachikwu on Tuesday begs Africa’s richest man, Aliko Dangote, to speed work on his private oil refinery […]
Nigeria directs oil firms to relocate headquarters
Nigerian’s acting president, Yemi Osinbajo this weekend instructed the relocation of all International oil companies head offices in the West-African nation to the Niger Delta. […]
Angola Becomes Africa’s Top Oil Producer – OPEC
Nigeria has again lost its Africa’s top oil producer status to Angola, as the country’s crude oil production fell by 67,000 barrels per day last […]
Djibouti, IDB ink $75 mln fuel imports deal
Djibouti energy minister on Tuesday said the Horn of Africa nation has inked a $75 million financing agreement with the International Islamic Trade Finance Corporation […]
Nigeria to import 75% fuel for local consumption in 2016
The Nigerian Minister of State for Petroleum, Dr. Ibe Kachikwu, on Sunday, said fuel importation will continue beyond 2016. Addressing a press conference shortly after […]
Nigeria to build 30 refineries close to the state-run units
Nigeria has granted 30 construction licences to private refineries in order to cut the country’s reliance on imports. According to the Vice President, Yemi Osinbajo, […]
Nigeria: President to handle oil portfolio in long waited cabinet
Nigeria’s President Muhammadu Buhari is to take personal charge of the country’s crucial oil portfolio, his spokesman, Femi Adesina said on Tuesday, as a deadline […]