Nigeria cut its 2017 growth forecast by half a percentage point as the ongoing economic slump slows output, the Budget and National Planning Minister Udo Udoma said. West Africa’s biggest Continue Reading
Foreign airlines operating in Nigeria are panicking over current fuel shortage on the West African coast that may affect their operations especially as the Yuletide season beckons. While Nigeria, which Continue Reading
A new pipeline project to bring Nigerian gas through Africa to Europe has been launched by the sovereign wealth funds of Nigeria and Morocco, the latest attempt to link Nigeria’s Continue Reading
Liberia’s oil industry is holding its breath waiting for the outcome of ExxonMobil exploration efforts by the end of the year. With global oil prices low, and little interest by Continue Reading
Following OPEC’s decision on Wednesday, Nigeria can, in the next one year starting January 1, 2017, pursue programmes aimed at increasing its crude oil production capacity and growing national reserves Continue Reading
Nigeria’s cabinet approved a 20 percent increase in spending proposals next year, taking the figure to 7.3 trillion naira ($23.3 billion), according to the Budget and Planning Ministry. President Muhammadu Continue Reading
Companies working to exploit frontier oil reserves are working to submit field development plans as quickly as possible, a top executive said. Africa-focused FAR Ltd. said the SNE field off Continue Reading
Nigeria, Iran and Libya got special concessions Wednesday, as the Organisation of Petroleum Exporting Countries, OPEC, reached the much-sought consensus to cut oil production by 1.2 million barrels per day, Continue Reading
President Muhammadu Buhari says the sophistication involved in the bombings of oil and gas installations in the Niger Delta indicates that those behind it are not ordinary Nigerians, but professionals. Continue Reading
Nigerians who voted Muhammadu Buhari into office last spring thought he would spearhead efforts to deliver the overhaul he promised. In September they learnt that, 16 months into his presidency, Continue Reading
