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
Italian firm Eni has made a new light oil discovery off the coast of Angola after exploration activities recommenced following a year of pandemic restrictions. The discovery, made on Tuesday, Continue Reading
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
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
Suleiman Babamanu’s path to the heart of Nigeria’s biggest solar power program started in disappointment. After university he worked as a trainee geoscientist for a unit of the Nigerian National Petroleum Continue Reading
The International Energy Agency (IEA) forecasts that crude oil capacity in Nigeria will drop by 200,000 barrels to 1.6 million barrels per day by 2026 due to low investment. It Continue Reading
The 24-year-old makes a few thousand nairas ($7-$13) a day, but the work is irregular. “I’ve applied for over 100 jobs since I graduated — at the federal civil service, Continue Reading
Nigeria adopted a new flexible exchange-rate policy for official transactions in a move that effectively marks the third devaluation of the naira in a year. The government will start to Continue Reading
Analysts have criticised the latest move to repair the refinery at a huge sum of $1.5 billion. The Federal Executive Council on Wednesday approved a fresh $1.5 billion for the Continue Reading
An Italian court has ruled that oil giants Royal Dutch Shell PLC and Eni SPA are not guilty in a bribery case involving a Nigerian oilfield that has spanned years, Continue Reading
