The old saying among foreign investors that “if you are not in Nigeria, you are not in oil business” is increasingly being confined to the past as several international oil majors have excluded Africa’s biggest […]
A staggering number of Nigerians love Bitcoin, but hate government cryptocurrency (CBDCs). In April, leading cryptocurrency exchange KuCoin noted that 35% of the adult population in Nigeria – roughly 34 million adults aged 18-60, own […]
Nigeria has launched newly designed currency notes, a move that the West African nation’s central bank says will help curb inflation and money laundering. Experts, however, are sceptical about such results in a country that […]
Nigeria’s 206 trillion cubic feet (Tcf) of proven natural gas is only 12 percent of Russia’s 1,688 Tcf, and European energy giant hauls home over $400m daily in gas sales to Europe. Nigeria could be […]
NewsOil and Gas An appeals court in Milan has rejected Nigeria’s $1.1bn compensation request against Italian energy group Eni and British oil and gas company Shell in civil proceedings relating to a $1.3bn oilfield deal. […]
Nigeria’s police say they are boosting security as the United States ordered the families of diplomats to leave the capital, Abuja, due to a “heightened risk of terrorist attacks”. The details of any threat were […]
OPEC+ fell a whopping 3.6 million bpd below its oil production target in August, with the gap widening from 2.9 million bpd in July. While OPEC members were 1.399 million bpd behind the quota, non-OPEC […]
Nigeria backs Saudi Arabia’s call to address the disconnect between paper and physical oil markets, Nigerian Minister of State for Petroleum Resources Timipre Sylva said Aug. 26. “A stable oil market benefits all — consumers, […]
LAGOS, July 23 (Reuters) – 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, […]
(Bloomberg) — The OPEC+ alliance of oil producers is running out of capacity to pump more crude, including its biggest member Saudi Arabia, according to Nigeria’s petroleum minister. “Some people believe the prices to be […]
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