June 29, 2023
Nigeria: Group Urges Tinubu to Investigate Crude Oil Swap Deals
Policy Alert says terminating the direct purchase contract alone was not enough and would amount to half-measure if the 'corrupt system underpinning the swaps was not investigated,… Read more »
June 27, 2023
Nigeria: NNPCL's Secret Deal With OVH Leaves Workers Angry, Disillusioned
NNPC says it acquired OVH Energy, however, it now appears to workers of NNPC Retail that it was OVH Energy that did the acquisition. Read more »
June 26, 2023
Nigeria: Why Buhari Could Not Remove Petrol Subsidy - Garba Shehu
Mr Tinubu announced the removal of the subsidy on petrol during his inaugural speech on 29 May, leading to the increase in petrol prices by almost 200 per cent. Read more »
June 21, 2023
Nigeria: Elites Suffer From Fuel Price Hike More Than Ordinary Nigerians - Ex-Lawmaker
"Palliatives are being worked out. And very soon, if the president comes back from France, assure you Nigerians will get great news." Read more »
Nigeria: Former World Bank President Lauds Tinubu Over Forex Reform, Fuel Subsidy Removal
He said actions are expected to bring about essential reforms to enhance currency stability, combat inflation, and tackle corruption in Africa's most populous nation. Read more »
June 19, 2023
Nigeria: Access Free Power Without Refueling Your Generator With Pricey Petrol
Due to a weak grid power supply, 40% of Nigerian households use generators and spend $14bn on fuel, according to a report. Read more »
Nigeria: Petrol Subsidy - Court Reaffirms Order Stopping NLC, TUC From Embarking On Strike
NLC, TUC had, on Monday, asked the court to vacate its earlier order restraining them from embarking on strike over the recent removal of petrol subsidy. Read more »
Nigeria: ExxonMobil Announces New Managing Director for Mobil Producing Nigeria
"I look forward to the work that lies ahead and continuing the company's outstanding relationships." Read more »
June 15, 2023
Nigeria: We're No Longer Sole Supplier of Petrol - NNPCL
President Bola Tinubu had, in his inaugural address on 29 May, announced the removal of fuel subsidy. Read more »
Nigeria: Subsidy Removal - Petroleum Marketers to Begin Fuel Importation in July - NMDPRA
The NMDPRA boss did not reveal the identity of the three marketers expected to begin importing petrol into the country. Read more »
Nigeria: Subsidy Removal - NLC Proposes Wage Award - Chris Ajaero
Mr Ajaero said the proposal was part of the agreement reached with the government during the negotiation on the removal of fuel subsidy. Read more »
Nigeria: ExxonMobil Butane Lifting At Bonny Terminal Approved By NUPRC - Official
"It is important to state that ExxonMobil formally applied to NUPRC for approval of its operations as an integrated operation...," an official said. Read more »
June 14, 2023
Nigeria: Oil Palm Sector Struggling As Demands Surge
Over half a century ago, Nigeria was a world leader in oil palm production, but its status has since changed due to neglect of the sector and extreme weather events Read more »
Nigeria: Nigeria Grants Licences for New Oil Export Terminals
They are the first set of licences to establish crude oil terminals, sealed and granted by the NMDPRA. Read more »
Nigeria: Subsidy Removal and Its Discontents
The sudden but predicted removal of fuel subsidy has sparked some fireworks and a lot of incoherence about the Nigerian economy and its sociopolitical currents. In the matter of… Read more »
June 13, 2023
Nigeria: TotalEnergies Announces Oil, Gas Discovery Offshore Nigeria
OML 102 is operated by TotalEnergies EP Nigeria with a 40 per cent interest, alongside partner NNPC Ltd with the remaining 60 per cent Read more »
June 12, 2023
Nigeria: Nigerian Regulatory Agency Accuses Exxonmobil of Oil Theft
"My response to your inquiry is that all operations of the NNPC/MPN Joint entire are carried out in full compliance with the law," a spokesperson for ExxonMobil said. Read more »
Nigeria: Subsidy Removal - Trust Me, Your Sacrifice Won't Be in Vain, Tinubu Tells Nigerians
Mr Tinubu said the decision to remove the petrol subsidy "is one decision we must bear to save our country from going under..." Read more »
Nigeria: Yes to Subsidy Removal, but Tinubu Should Go the Whole Hog
The truth is: it is not going to be easy economically henceforth for the average Nigerian. The new order will stoke inflation, currently at 22 per cent. Read more »
June 11, 2023
Nigeria: CPPE Proposes Measures to Mitigate Effects of Subsidy Removal
The think tank advised that gross monthly salaries of N200,000 and below should be exempted from payment of Personal Income Tax (PAYE) Read more »
Nigeria: As Fuel Subsidy Goes, Nigerian Govt Must Cut Cost of Governance
Fuel subsidy is popular with ordinary Nigerians who regard it as a rare benefit of the country's oil wealth. Read more »
June 09, 2023
Nigeria: Nigeria's Refineries Would've Been Working If Subsidy Was Removed in 2011 - Federal Lawmaker
"It's shameful that after over 60 years of exploration we can't refine fuel." Read more »
Nigeria: Nigeria Plans to Surpass OPEC Oil Quota - Official
"In recent times, there has been increase in the volume of crude oil production and decrease in oil theft." Read more »
Nigeria: Nigerian Crude Takes New Hit As Buyers Turn to Cheaper Russian Grade
Traders are flocking to the Urals crude blend because they see the Nigerian grades as relatively pricey, with traders reluctant to offload the country's cargoes. Read more »
June 07, 2023
Nigeria: Fuel Marketers Declare Support for Subsidy Removal
The association's chairperson, Winifred Akpani, made the disclosure at the end of a meeting with President Bola Tinubu. Read more »