IMF Says Call To Cancel African Debts Legitimate
IMF) MD Kristalina Georgieva, has acknowledged the legitimacy of the debt cancellation demand made by many African countries.
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Emmanuel Ochayi
‘No Excuses’ For August 2024 Deadline, Minister Charges Gas Pipeline Contractors
Nigeria’s Minister of State Petroleum Resources, Ekperikpe Ekpo, has called on contractors overseeing the 614-kilometer Ajaokuta, Kaduna, Kano gas pipelines project to stay committed to the promised July/August 2024 completion deadline. Ekpo’s
Victor Ezeja
Nigeria’s September Oil Production Hits 1.5 Million Barrels, Bolsters OPEC Output
Nigeria, a vital member of the Organization of Petroleum Exporting Countries (OPEC), recorded a surge in crude oil production in September 2023.
CBN Finally Lifts Forex Restrictions On 43 Items Banned By Emefiele [FULL LIST]
Nine years after the Central Bank of Nigeria (CBN) under its former Governor, Godwin Emefiele, placed restriction on access to the official foreign exchange (forex) market for the importation of some
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Nigeria’s Gas Industry In Crisis As Drilling Costs Skyrocket To $30m, Operators Warn
Nigeria’s pursuit of leveraging its natural gas reserves for industrialization and development has suffered a setback, as drilling cost for gas wells is climbing to $30 million. At a media parley and
Naira-Dollar Exchange Rate Hits N1,040 In Parallel Market As Scarcity Grows
The exchange rate between the Nigerian Naira and the US Dollar has taken a plunge, reaching N1,040 at the parallel market. This latest development stems from the battle between soaring demand and
Oil Assets Divestments Will Boost Production, Employment – Wabote
The Nigerian oil and gas industry is poised for a boost in crude oil production, employment creation, and capital injection with the planned divestment of some assets by select international oil and
Nigerian Regulator Upbeat As Seplat Speeds Up $1.3bn ExxonMobil Asset Purchase Deal
Seplat Energy Wednesday expressed optimism on finalizing talks that will allow it to conclude the deal to purchase ExxonMobil’s offshore shallow water assets. This is as the regulator, the Nigerian Upstream Petroleum
Nigerian Content Key To Meeting Renewed Hope Agenda – Petroleum Minister
The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has identified the effective implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act 2010 as one of
Senate Demands Stiffer Punitive Measures As Nigeria Loses N2.3trn To Crude Oil Theft
Senator Ned Nwoko has disclosed that Nigeria has suffered a loss of N2.3 trillion due to crude oil theft in 2023. Disclosing this yesterday, he emphasized that the socio-economic impact of pipeline
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