Nigeria – Illegal Oil Refineries Thriving Despite Government Crackdown
“I want to give my family the best I can afford. We cannot just stay and survive. We really want to live,” Tam G (not his real name) said. “This Continue Reading
Nigeria’s Trans-Niger Pipeline Runs Dry Due to Oil Theft – Report
A new report showed that Nigerian oil revenue underperformed due to significant shortfalls such as shut-ins resulting from pipeline vandalism and crude oil theft. The Trans-Niger Pipeline, a major pipeline Continue Reading
Nigeria: Retaining Petrol Subsidy in 2023 Will Cost Nigeria Nearly N6.7 Trillion – – Govt
The government presents two scenarios, one involving the continuation of subsidy payment and another assuming partial payment until subsidy is phased out in 2023. Retaining petrol subsidy will cost Nigeria Continue Reading
TotalEnergies begins production from Ikike field in Nigeria
French oil and energy company TotalEnergies (TTEF.PA) has begun production from the Ikike field in Nigeria, which is expected to deliver peak production of 50,000 barrels of oil equivalent per Continue Reading
EU looks to replace gas from Russia with Nigerian supplies
The European Union is seeking additional gas supplies from Nigeria as the bloc prepares for potential Russian supply cuts, Matthew Baldwin, deputy director general of the European Commission’s energy department, Continue Reading
Nigeria Unable To Benefit From High Oil Prices
Nigeria’s debt has exceeded its revenue in the first four months of the year despite high oil prices, Nigeria’s Budget Office has revealed on its website . Oil-rich Nigeria, unlike Continue Reading
Nigeria: Retaining Petrol Subsidy in 2023 Will Cost Nigeria Nearly N6.7 Trillion – – Govt
The government presents two scenarios, one involving the continuation of subsidy payment and another assuming partial payment until subsidy is phased out in 2023. Retaining petrol subsidy will cost Nigeria Continue Reading
Nigeria petrol subsidy seen nearly 70% higher at $16.2 bln next year
Nigeria could spend up to 6.72 trillion naira ($16.2 billion) next year if it keeps a fuel subsidy in place, Finance Minister Zainab Ahmed said on Thursday, a nearly 70% Continue Reading
Nigerian Authorities Relinquish Management of State-Owned Oil Company
Nigeria’s president, Muhammadu Buhari, has unveiled a revamped national oil company that he called commercially driven and not relying on government funding. Buhari says the Nigerian National Petroleum Company would Continue Reading
Nigeria: Crude Oil Theft – Joint Ventures Are Most Hit, Bleeding – Akabueze
The Director General, Budget Office of the Federation, Ben Akabueze, yesterday stated that Joint Ventures (JVs) are bleeding the most as a result of rising crude oil theft and rampant Continue Reading