June 14, 2023
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 »
Nigeria: Fuel Subsidy - Abiodun Meets Labour Leaders On Palliatives for Workers
Governor Abiodun and labour leaders set up committees to propose palliative measures for implementation in Ogun State. Read more »
Nigeria: Reps Query NNPCL Over 'Missing' N2 Trillion During Transfer of Assets From NNPC
In the report, the committee stated that NNPC Limited has not been able to account for the N2 trillion discrepancy. Read more »
June 06, 2023
Nigeria: Subsidy Removal - Govt, Labour to Meet June 19 On Implementation Framework
He said that the meeting agreed on a seven-point resolution to cushion the effect of the subsidy removal on petrol on Nigerians. Read more »
Nigeria: Nigeria, Other OPEC Members Agree to Cut Oil Production
OPEC and its allies have agreed to cut global oil production by 1.393 million barrels per day. Read more »
June 05, 2023
Nigeria: NLC, TUC Suspend Planned Strike Over Fuel Subsidy Removal
"The labour centres and the Federal Government to meet on June 19, 2023, to agree on an implementation framework," the notice said. Read more »
Nigeria: Court Stops Labour's Planned Strike Over Fuel Subsidy Removal
The National Industrial Court of Nigeria in Abuja on Monday ordered the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) to halt the strike they planned to embark… Read more »
Nigeria: Fuel Subsidy Removal - Court Stops Labour's Planned Strike
The federal government was still negotiating with Labour leaders when it obtained the court order restraining the Labour from embarking on its planned strike over fuel subsidy… Read more »
Nigeria: Fuel Subsidy Removal - TUC Meets Tinubu's Delegation, Makes Demands to Avert Strike
"The TUC that attended today's meeting presented a list of demands and those demands we have studied and we are going to present to Mr President, for his consideration." Read more »
June 04, 2023
Nigeria: Subsidy Removal Leaves Students Struggling with Skyrocketing Transport Costs
Just like in towns and cities, findings revealed that intra-campus fares have also increased, in many cases by up to 100 per cent, leaving students groaning. Read more »
Nigeria: Fuel Subsidy - Nigeria Electricity Workers to Embark On Nationwide Strike
"Please note that withdrawal of Services nationwide commences from 0.00 hours of Wednesday, June 7, 2023," the statement said. Read more »
June 02, 2023
Nigeria: Subsidy Regime Ended in February 2022 - NNPCL
"That means by law, the subsidy regime was gone by 17 February 2022. But of course, the government can always decide to spend on its citizens, in the manner that it wants," an… Read more »
June 01, 2023
Nigeria: Fuel Subsidy - Reps Ask Govt to Mitigate Effects of Subsidy Removal
The lawmakers asked the federal government to, among other things, purchase natural gas-powered buses to mitigate transport fare hike. Read more »
Nigeria: How Fuel Subsidy Removal Will Reduce Borrowing - Expert
"We are faced with a very tricky situation; if we continue with the subsidy, it has the potential to pull down the economy completely the way it is going," Mr Yusuf said. Read more »