November 13, 2023
Nigeria: NNPCL Resolves PENGASSAN, TotalEnergies Rift
The suspension of the industrial action, according to the NNPCL, is expected to lead to the immediate restoration of 275, 000 barrels of crude oil per day production. Read more »
November 11, 2023
Nigeria: Police Chief Orders Probe Into Labour President's Assault
The NLC accused the police and Governor Uzodinma of Imo of being responsible for the assault on its president. Read more »
November 10, 2023
Nigeria: Again, EEDC Speaks On Persistent State-Wide Blackout in Imo
EEDC explains how it has been left with no energy to distribute to its customers, a development that has left the whole of Imo State in a persistent blackout. Read more »
Nigeria: NNPCL, NUPRC, Others Remitted N14.38 Trillion to Federation Account in 2 Years - NEITI
The contribution by the NNPCL and FIRS declined significantly, the report said. Read more »
November 09, 2023
Africa: Over 350 Million Africans Financially Excluded - Report
The report says despite the high number of mobile phone users in Africa, a chunk of its people remain outside the financial ecosystem. Read more »
November 10, 2023
Nigeria: Nigeria, Saudi Arabia Sign Oil Agreement
"The key purpose of the MoU is to promote collaboration, information exchange and technology transfer, thereby creating a conducive environment for a mutually beneficial… Read more »
November 09, 2023
Nigeria: Staff of Consulting Firm Allegedly Caught Demanding Bribe From Civil Servant
The Prime Gate Consultant was contracted by the Jigawa State government to capture the Bio-data of civil servants. Read more »
Nigeria: Russia-Ukraine Crisis Affecting Nigeria's Crude Inflow - NNPCL
An official noted that the challenges are fast becoming a thing of the past with the introduction and implementation of a new framework for the domestic petroleum industry Read more »
Nigeria: Court Stops Sale of Novare, Shoprite Malls in Nigeria
Novare is the owner of some retail malls, including Shoprite malls, across Nigeria. Read more »
November 08, 2023
Nigeria: Zungeru Hydropower Plant to Begin Operation November - Minister
"Zungeru hydropower is ready. The concession has also been approved by Mr President. So we will start operating Zunger probably before the end of this month," Mr Adelabu said. Read more »
Nigeria: Nigeria Govt to Sign Direct Flight Agreement With Algeria
"Nigeria has always had a Bilateral Air Service Agreement with Algeria (BASA) for decades, however, they have not taken advantage of the agreement," the minister said. Read more »
Nigeria: Tinubu Signs 2023 Supplementary Budget of N2.1trn
President Tinubu commended the National Assembly for its expeditious consideration and budget approval. Read more »
Nigeria: NNPCL, Aiteo Launch New Crude Oil Grade
The Nembe crude was previously blended with the popular Bonny Light grade and exported via the Bonny oil & gas terminal. Read more »
Nigeria: Crude Oil Theft, Pipeline Vandalism Pose National Emergency Challenge - NEITI
"We recommended that the government urgently put in place a revised national policy on gas utilisation," the statement said. Read more »
November 07, 2023
Nigeria: Tinubu Appoints Three Executive Commissioners for Nigeria's Petroleum Regulator
The new appointees have to be confirmed by the Senate. Read more »
November 06, 2023
Nigeria: Rising Prices, Falling Naira - Challenges to Affordable Living in Nigeria
If the past offers any reliable data to predict by, then the naira hasn't yet hit rock bottom. Read more »
Nigeria: Naira Strengthens Across Fx Markets Amidst Move to Boost Supply
In recent months, the naira has weakened significantly in both the authorised and unauthorised market segments. Read more »
November 05, 2023
Nigeria: Minister Hails Maiden Lagos-Ibadan Freight Train Trip
The maiden freight train departed the Apapa Port in Lagos on Thursday for Ibadan, laden with 30 units of 40-feet containers Read more »
Nigeria: Twenty Bodies Recovered in Taraba Boat Mishap - Official
The boat was overloaded with bags of cement, iron rods, food items, animals, and over 100 passengers including children Read more »
November 03, 2023
Nigeria: Apologise to Nigerian Workers Within Three Days or Risk Mass Action, Group Tells Tinubu
The NLC President, Joe Ajaero, was allegedly arrested and beaten up by the police in Owerri, the Imo State capital, on Wednesday. Read more »
Nigeria: Reps Panel Summons CBN, Discos, Over $321m, N18.2b Loans for Electricity Projects
The loans were taken during the last administration to enhance the transmission and distribution infrastructure but were not judiciously used. Read more »
Nigeria: NAFDAC Issues Warning Alert On Highly Caffeinated Energy Drinks Sold Online
NAFDAC says the consumption of products containing high levels of caffeine could cause headaches, insomnia, irritability, and nervousness. Read more »
November 02, 2023
Nigeria: We've Sufficient Stock of Currency Notes - CBN
"Nigerians are also advised to embrace alternative modes of payment, which would reduce pressure on using physical cash," the CBN said. Read more »
Nigeria: Navy Patrol Team Discovers Punctured Points On NNPCL Pipeline
The Navy said the points were being used by saboteurs to connect hoses and pumping machines to siphon huge quantities of PMS, conveyed along the pipeline thereby posing a… Read more »
West Africa: Lekki Port - West Africa's New Transshipment Hub?
It is estimated that the overall economic benefit will reach $361 billion over the next 45 years, and 170,000 direct and indirect jobs will be created. Read more »