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HomeNigeria

Nigeria

Price
Aljazeera International

Nigeria ups security as US orders diplomats’ families to leave

October 28, 2022 Mariel Alumit

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+
Crude Oil News

OPEC+ Is Now 3.6 Million Bpd Below Its Oil Production Target

September 19, 2022 Mariel Alumit

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
Crude Oil News

Nigeria backs Saudi call to address disconnect between paper and physical oil markets

August 29, 2022 Mariel Alumit

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, […]

Europe
Geopolitical

EU looks to replace gas from Russia with Nigerian supplies

July 25, 2022 Mariel Alumit

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, […]

OPEC+
Crude Oil News

OPEC+ running out of oil production capacity, Nigeria says

June 28, 2022 Mariel Alumit

(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 […]

Shell
International News

Nigeria to investigate Shell permits after $200 million loss

June 23, 2022 Mariel Alumit

(Bloomberg) — Nigeria’s Senate will investigate Shell Plc’s historic license renewals in the West African state to determine whether they were extended unlawfully and cost the government up to $200 million. Senate President Ahmad Lawan […]

International News

Britain to raise Nigerian renewable, climate change investments

February 22, 2022 Andy Del Prado

Britain plans to boost investments in renewable and climate change projects in Nigeria and will provide 10 million pounds ($13.6 million) of support, Minister for Africa Vicky Ford said on her first trip to the […]

Pump Jack and stocks -ENB
Commodities

The Oil Price Collapse Continues -Industry summary

August 21, 2021 Stu Turley

OilPrice.Com As uncertainty over new Covid outbreaks combined with a strengthening U.S. dollar, oil prices came under pressure this week and are on course to finish the week 7 percent down. Friday, August 20th, 2021 […]

Muhammadu Buhari - Drew Angerer - Getty Images - EnergynewsBeat
Crude Oil News

Nigeria’s Buhari Concerned About New Threats to Bomb Oil Assets

July 2, 2021 Stu Turley

Nigerian President Muhammadu Buhari expressed concern about new threats by the militant group the Niger Delta Avengers to bomb critical oil and gas infrastructure in the West African nation. Buhari’s statement, made through a spokesman, […]

Transcorp - African - Nigeria's Leading Energy Provider
Electrical Generation / Utilities

Transcorp Energy Plans Nigeria’s First Nuclear Power Plants

July 2, 2021 Stu Turley

Transcorp Energy Ltd, a unit of Transnational Corp. of Nigeria Plc plans to develop nuclear power plants in the West African nation as an alternative energy source to improve access to electricity. The plants will […]

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