Nigeria: New Militant Group Blows Up Oil Pipeline
A new militant group identified as Red Scorpion is believed to have blown up an oil installation owned by Elf Petroleum Nigeria in Awara, Ohaji/Egbema LGA of Imo State. The Continue Reading
Nigeria’s Oil Revenue Dropped By U.S.$35 Billion in 2015
Nigeria’s oil revenue dropped by $35.67 billion (about N7 trillion) in 2015 according to the report in the Organisation of Petroleum Exporting Countries (OPEC)’s annual statistics bulletin released yesterday. The Continue Reading
Niger Delta Avengers may agree ceasefire says community leader
A Nigerian militant group known as the Niger Delta Avengers which has been attacking oil facilities might agree to a ceasefire on Thursday to allow the government time to meet Continue Reading
Nigeria: Oil Exports On Course Despite Militants’ Attacks
Nigeria in May exported 1.89 million barrels per day, contrary to fears that crude export has dropped to as low as 1.3 million barrel per day. Data released by Windward, Continue Reading
Niger Delta Attacks Threaten West African Production, Power Supply
Attacks on oil and gas production sites in the Niger Delta are threatening both production volumes and power supply of West African countries. Recent attacks on Nigeria’s energy infrastructure are Continue Reading
Nigerian government agrees ceasefire with militants in oil-rich Niger Delta: official
The Nigerian government has agreed a ceasefire with militants in the oil-rich Niger Delta, including the Niger Delta Avengers, as renewed militancy has dragged the country’s oil output close to Continue Reading
Nigeria’s Claims of 30-Day Truce With Militants Remain Unclear
A member of the Nigerian Police Forces stands guard outside a half-built building in Nigeria’s… Nigerian officials said Tuesday that the government has clinched a deal for a 30-day truce Continue Reading
Nigeria maintains oil exports despite wave of militant attacks
Nigeria kept exporting crude oil at a largely steady pace in May, though below historical levels, despite repeated militant attacks on its infrastructure that drove output down to 30-year lows Continue Reading
Naira Plunges After Nigeria Ends Dollar Peg
Nigeria’s currency plummeted more than 40% against the dollar on Monday, the latest sign that low crude-oil prices continue to disrupt the economies of some major oil-producing nations. The steep Continue Reading
Nigeria: Shell Pays Nigeria U.S.$43 Billion in Four Years
Shell Companies in Nigeria paid $43 billion into the Federation Account between 2011 and 2015, just as the companies spent a total of $195.5 million on social investments in the Continue Reading