Nigerian President Muhammadu Buhari reversed a government decision to revoke four oil permits from a unit of China’s Sinopec. Buhari “approved the restoration” of the licenses to Addax Petroleum Corp. as part of his commitment […]
Africa’s largest crude producer will tap the services of the military to protect its oil and gas infrastructure in a bid to curb daily losses from theft and vandalism. Nigeria is losing about 200,000 barrels […]
Energy News Beat Publishers Note: Compliance and accountability will be key for the stability of world oil prices. As stated below “Compliance is measured in average barrels per day from the beginning of May to […]
NIGERIA Group Managing Director of the Nigerian National Petroleum Corporation Alhaji Mele Kolo Kyari disclosed the Federal Government’s plan to expand access to Liquefied Petroleum Gas (LPG), or cooking gas, for rural dwellers to replace […]
Nigeria’s FirstBank and a unit of energy giant Shell said on Friday members of a community in southern Nigeria had no right to seize assets from a bank branch this week in a dispute over […]
LAGOS: Solar power supplier Starsight has expanded a senior debt facility by $10 million to broaden its offerings and generation capacity in Nigeria and Ghana, the company said on Thursday. The expanded facility, completed with development financiers Finnfund […]
Total Nigeria Plc has projected a rise in its revenue to N115.97 billion for the first quarter of 2021 (Q1, 2021), indicating a 157.7 per cent increase from the figure recorded in Q3 2020. This […]
LONDON/LAGOS: Nigeria‘s state oil firm NNPC is in talks to raise around $1 billion in a prepayment with trading firms to refurbish its largest refining complex at Port Harcourt, seven sources familiar with the discussions said. If the […]
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