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Category: Nigeria

Category:
  • Nigeria

Nigeria: Again, Pipeline Explosion Rocks Lagos

Another pipeline explosion on Sunday evening erupted in Isheri-Idimu community, Egbe-Idimu Local Council Development Area (LCDA) in Lagos State. It was gathered that the inferno broke out after fire gutted Continue Reading

Posted On : 26 Apr 2021 Published By : Tom Whipple
Category:
  • Nigeria

Nigeria’s Buhari Restores Oil Permits Revoked from China’s Addax

Nigerian President Muhammadu Buhari reversed a government decision to revoke four oil permits from a unit of China’s Sinopec. Buhari “approved the restoration” of the licenses to Addax Petroleum Corp. as Continue Reading

Posted On : 24 Apr 2021 Published By : Tom Whipple
Category:
  • Nigeria

Africa’s Largest Oil Producer Loses $29B Per Year On Power Outages

Businesses in Nigeria are losing each year around US$29 billion because of the unreliable power supply, the World Bank said in an estimate about the OPEC country, which is the Continue Reading

Posted On : 23 Apr 2021 Published By : Tom Whipple
Category:
  • Nigeria

Nigeria Naira (NGN USD): Citizens Hoard Foreign Currencies to Protect Wealth

Nigerians have been accumulating foreign currencies to protect their wealth from naira volatility and surging inflation, according to a research paper in a journal published by the Central Bank of Continue Reading

Posted On : 22 Apr 2021 Published By : Tom Whipple
Category:
  • Nigeria

Nigeria Set To Start-up 100 Oil & Gas Projects By 2025

As many as 100 oil and gas projects are set to start in Nigeria by 2025, accounting for 23 percent of all projects starts in the industry in Africa within Continue Reading

Posted On : 17 Apr 2021 Published By : Tom Whipple
Category:
  • Nigeria

Nigeria: The Much-Awaited Dangote Oil Refinery

Few years ago, any economic pundit that thought of the possibility of a privately-owned petroleum refinery that would have the capacity to meet the needs of Nigeria’s downstream sector, and Continue Reading

Posted On : 17 Apr 2021 Published By : Tom Whipple
Category:
  • Nigeria

Nigeria Spends Billions On Pipeline Maintenance As Hundreds Are Vandalised Annually

Oil and gas is the lifeblood of Nigeria’s economy. A total of 1,161 pipeline points were vandalised across Nigeria in the 21 months between January 2019 and September 2020. Nigeria Continue Reading

Posted On : 13 Apr 2021 Published By : Tom Whipple
Category:
  • Nigeria

Nigeria: Production Sharing Contract – Government, Oil Majors Pass the Buck Over Nigeria’s U.S.$62 Billion Cut

There is a cloud of uncertainty surrounding $62 billion outstanding taxes and royalties owed Nigeria by operating major oil companies in the country. The federal government had in 2019 taken Continue Reading

Posted On : 13 Apr 2021 Published By : Tom Whipple
Category:
  • Nigeria

West Africa: How Smuggled Petrol From Nigeria Floods Niger, Cameroon, Benin, Togo

Nigeria’s refined petroleum products, especially the Premium Motor Spirit (PMS), otherwise called petrol, is the ‘smuggle gold’ feeding Cameroon, Benin, Togo, Chad and Niger Republic, which all share border with Continue Reading

Posted On : 10 Apr 2021 Published By : Tom Whipple
Category:
  • Nigeria

Nigeria: How Insecurity Affects the Lives of Everyone in the Niger Delta

Nigeria has an urgent insecurity problem . News from the country often emphasises insecurity related to Islamic insurgents in Northern Nigeria, organised armed banditry involving Fulani herdsmen , farmer-herder conflicts, Continue Reading

Posted On : 9 Apr 2021 Published By : Tom Whipple

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