Nigeria Seeks Capital for Drilling Projects, Debt Repayment

• Tuesday, 16th February 2016
• by Egypt Oil & Gas

Nigeria is in talks with oil majors and banks to raise capital for new drilling projects as most recent statistics have indicated that the country has seen a loss in oil capital of up to $1.34b in 2015.

Nigeria Faces Suspension from EITI Club

• Tuesday, 9th February 2016
• by Egypt Oil & Gas

The global Extractive Industries Transparency Initiative (EITI) warned that Nigeria significantly risked its suspension from the body. Experts believe that such suspension could put the country in a bad light before ...

IMF Chief to Discuss Economic Developments with Nigeria and Cameroon

• Tuesday, 5th January 2016
• by Egypt Oil & Gas

International Monetary Fund (IMF) Chief, Christine Lagarde, has arrived to Abuja for a four-day visit to open talks with policy makers and top officials from Nigeria and Cameroon on economic developments affecting bo ...

Nigerian President to Attend Exporting Countries Forum In Iran

• Sunday, 22nd November 2015
• by Egypt Oil & Gas

Nigeria and other Exporting Countries Forum (GECF) members currently account for 42% of global gas production‎, 70%t of global gas reserves, 40% of pipeline transmission of gas and 65% of the global trade in Liquefie ...

Nigeria to Deal Directly With Refiners, Cancels Bids

• Wednesday, 4th November 2015
• by Egypt Oil & Gas

Nigeria will start selling and buying oil and gasoline directly to cut out middlemen and curb graft, the new managers of the Nigerian National Petroleum Corporation announced on Tuesday.