The amount spent on the importation of petroleum products into Nigeria in 2020 is $43.46bn higher than the revenue which...
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West Africa
Nigeria’s crude oil and condensate production averaged 1.62 million barrels per day in the first four months of 2021.
NNPC data showed that cumulatively, Nigeria produced 195.14 million barrels from January to April, 2021. According to NNPC, January's production...
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2% Annual Increase on Price Royalty for Nigeria’s Crude Oil.
The Nigerian Government has introduced a two per cent annual increase on price based royalty for crude oil and condensates in...
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NNPC pulls out N215bn petrol subsidy from July FAAC
The Nigerian National Petroleum Corporation (NNPC) has disclosed that it spent N175.32 billion on petrol subsidy in the month of...
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Nigeria’s President Muhammadu Buhari Proposes Amendment of Just Passed Petroleum Industry Bill.
Barely one month after assenting to the Petroleum Industry Act (PIA) 2021, President Muhammadu Buhari is asking the Senate to...
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The Politics of Eligible Customer in Nigeria’s Power Sector
The rigmarole of policies in the Nigerian Power Sector now signals a time for caution and reflection prior to taking...
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Borr Drilling Secures Contracts for Rig Duo in West Africa
Shallow water contractor 'Borr Drilling', said Tuesday, August 31st, it had recently secured awards for two offshore rigs in West...
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Wofai Samuel Chairs NCDMB Women in Oil & Gas Conference
The Nigerian Content Development and Monitoring Board (NCDMB) has announced plans to set a minimum percentage of females that must be included in any human capacity development (HCD) programme or...
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World Bank Signs $103.4m for Ghana’s Infrastructure.
The World Bank approved $103.4 million for Ghana to reverse land degradation and strengthen integrated natural resource management in about...
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Nigeria’s President Terminates Appointment of Power Minister.
President Muhammadu Buhari has terminated the appointment of Nigeria's Minister of Power, Mamman Saleh and his Agriculture counterpart, Mohammed Sabo...
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