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. The country al...

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 by the end of February if the 2013 edition of the country’s oil, gas and solid min...

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 bot...

Nigerian President to Attend Exporting Countries Forum In Iran

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

Nigerian President Muhammadu Buhari is travelling on Sunday Nov, 22 to Tehran, Iran, to participate in the 3rd Gas Exporting Countries Forum (GECF), according to pmnewsnigeria. Buhari will lead the Nigerian delegation...

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 (NNPC) announced on Tuesday, according to News 24. I...