Exxon Mobil Says Nigerian Exports Hit After Pipeline Damage
Exxon Mobil said a drilling rig damaged some of its pipelines in Nigeria. The incident is the latest blow for Nigeria’s oil sector, which has been plagued by a series Continue Reading
Nigeria: Militants Give Oil Companies An Ultimatum
The Niger Delta Avengers militant group issued a two-week ultimatum to oil companies operating in Nigeria’s oil rich Niger Delta region, warning companies to shut down or risk attack, the Continue Reading
Nigeria’s crude output cut further by Exxon pipeline damage: trade
Damage to a pipeline has reduced supplies of Nigeria’s benchmark Qua Iboe crude oil, two traders said on Thursday, the latest setback for Africa’s top producer that has pushed output Continue Reading
Nigeria rules out negotiations with oil pipeline attackers
Nigerian military high command Wednesday ruled out engaging militants sabotaging oil production facilities in the Niger Delta, saying it would rather deploy “every available resources to deal decisively” with the Continue Reading
Nigeria: We Won’t Stop Pipeline Bombing, Says Niger Delta Militants
In defiance of President Muhammadu Buhari’s order for security forces to curtail militants’ violence in the South South geo political zone of the country, the Niger Delta Liberation Force (NDLF), Continue Reading
Nigerians Groan As Fuel Scarcity Resurfaces
Barely 24 hours after reports indicated the possibility of partial deregulation of the downstream petroleum sector, and days the country had a breather from scarcity, long queues have resurfaced at Continue Reading
Pipeline Outage Adds to Nigerian Oil Disruptions
Royal Dutch Shell RDS.A -0.20 % PLC on Wednesday said its exports of Nigerian crude oil had been significantly disrupted, adding to a slew of stoppages that have knocked out Continue Reading
Nigeria Oil Output Drops Again as Leak Adds to Security Woes
The Resilience of Oil Nation’s crude output reduced by about 400,000 barrels a day At least a fifth of Nigerian oil production, equivalent to almost 400,000 barrels a day, has Continue Reading
Nigeria Raises Price of Gasoline 67 Percent Amid Shortages
Nigeria raised the price cap for gasoline 67 percent as President Muhammadu Buhari’s administration moved to tackle months of fuel shortages in the OPEC-member country. Gasoline will now sell for Continue Reading
After British corruption slip, Nigeria demands stolen assets back
Nigerian President Muhammadu Buhari demanded on Wednesday that Britain return assets held there by corrupt Nigerians, pointing the finger back at London after Britain’s prime minister suggested Nigeria was “fantastically Continue Reading