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Category: Nigeria

Category:
  • Nigeria
  • Saudi Arabia

Saudi Arabia Discusses Progress Of OPEC+ Deal With Nigeria

Saudi Arabia’s Crown Prince Mohammed and the president of Nigeria Muhammadu Buhari, discussed the progress of the OPEC+ oil production cut deal this week in a phone call, the Saudi Continue Reading

Posted On : 1 Jul 2020 Published By : Tom Whipple
Category:
  • Nigeria

Nigeria: As Oil Pollution Continues…

Government is not sincere about the much-touted clean-up of Ogoni land and beyond. The recent statement by the National Oil Spill Detection and Response Agency (NOSDRA) Director-General, Idris Musa that an Continue Reading

Posted On : 30 Jun 2020 Published By : Tom Whipple
Category:
  • Nigeria

Clean-Up of Oil Spills in Nigeria Lacks Progress, Groups Say

Nigeria and Royal Dutch Shell Plc have failed to implement most recommendations made by the United Nations to clean up oil pollution in the Niger River delta, according to a Continue Reading

Posted On : 19 Jun 2020 Published By : Tom Whipple
Category:
  • Nigeria

Nigeria: Three Refineries Gulped N1.6trillion in Cumulative Losses in 5 Years, Says NNPC Audit Report

Oil refinery (file photo). Three of Nigeria’s four refineries gulped N1.64 trillion in cumulative losses recorded in their operations since 2014, details from the first-ever audited accounts and financial statements Continue Reading

Posted On : 18 Jun 2020 Published By : Tom Whipple
Category:
  • Nigeria

Nigeria Oil Quota in OPEC+: Latest Details

Nigeria said it reaffirms its commitment to the OPEC+ deal struck on Saturday and “subscribes to the concept of compensation” from members pumping above their quota. “We are in full Continue Reading

Posted On : 8 Jun 2020 Published By : Tom Whipple
Category:
  • Nigeria

Oil Price Collapse Could Strain Nigeria’s Federal System

The collapse in international oil prices, having dealt a devastating blow to Nigeria’s finances, now threatens the West African nation’s shaky federal political system. Earnings from crude sales will plunge 80% Continue Reading

Posted On : 6 Jun 2020 Published By : Tom Whipple
Category:
  • Nigeria

Nigeria Loses N160bn to Opec Production Cut

Nigeria is projected to have lost over N160 billion in deferred revenue to a cut in the daily crude oil production by members of the Organisation of Petroleum Exporting Countries Continue Reading

Posted On : 3 Jun 2020 Published By : Tom Whipple
Category:
  • Nigeria

Nigeria News: Plan for the Second-Largest Hydro Plant in Africa

Nigeria will build the second-largest hydroelectric plant in Africa after the government settled a legal dispute that was delaying the project, Power Minister Sale Mamman said. “We have now overcome the Continue Reading

Posted On : 1 Jun 2020 Published By : Tom Whipple
Category:
  • China
  • Nigeria

China Scoops Up Cheap Nigerian Oil

The submersion of East Asian markets into coronavirus-induced recession has pulled down several major oil producers, most notably Nigeria whose breakeven price is well above $100 per barrel (Fitch puts Continue Reading

Posted On : 29 May 2020 Published By : Tom Whipple
Category:
  • Nigeria

UK Judge Dismisses $1B Nigeria Bribery Case Against Eni, Shell

A UK judge dismissed on Friday a lawsuit against Eni and Shell brought by the Nigerian government alleging that the oil and gas supermajors knew about US$1.1 billion in bribes Continue Reading

Posted On : 23 May 2020 Published By : Tom Whipple

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