Second Militant Group Threatens Niger Delta Oil
Ultimate Warriors Of The Niger The Ultimate Warriors of the Niger Delta, a new militant group operating from its namesake river delta, is demanding that the Nigerian government give 60 Continue Reading
Nigeria: High Cost of Diesel Raises Concern Over Sustainability of Petrol Price
As oil marketing and trading companies hiked the price of diesel, citing the current scarcity of foreign exchange, concern has been raised on the long term sustainability of the new Continue Reading
Nigeria Prepared To Negotiate With Niger Delta Avengers
Pipeline Burning Nigeria After a string of attacks on Nigeria’s oil infrastructure, its government plans to open talks with the newly formed militant group, the Niger Delta Avengers (NDA). As Continue Reading
Nigeria working to distribute oil wealth
With an oil sector under militant threat, the Nigerian government said it would develop strategies to improve its business climate to the benefit of the people. A militant group in Continue Reading
Africa’s richest woman to completely overhaul Angola’s state-run oil co.
Isabel dos Santos — the richest woman in Africa, the Angolan president’s daughter and now the CEO of the country’s state-run oil giant — on Monday said she plans to Continue Reading
Shell Says Impossible to Repair Stricken Nigerian Oil Facility
Royal Dutch Shell Plc said it won’t attempt to repair a key pipeline in Nigeria for now after militants attacked it a second time last week, the latest sign of Continue Reading
Angola Oil Company Sonangol Denies Report About $50 Billion Hole
Angolan state-owned oil company Sonangol said a report about a $50 billion shortfall in its accounts is “absolutely false.” Angolan newspaper Valor Economico reported on Monday that international consultants hired Continue Reading
Nigeria Decides to Reduce Military Presence in Delta Region
Nigeria will reduce military presence in the southern Niger River delta as the government works with regional governors to end attacks on oil installations, according to a presidency statement. A Continue Reading
Nigerian Officials Say They’re Still Working Out New FX Policy
Announcement may come within a month, officials tell investors Nigerian officials said they are still working out the details of a new currency policy and may make an announcement within Continue Reading
Who Are the Militants Attacking Nigeria’s Oil Industry? Q & A
Attacks on pipelines in Nigeria’s oil-rich Niger River delta region have slashed crude output to the lowest level in 27 years and shut all but four of the country’s 23 Continue Reading