Nigeria | Egypt Oil & Gas - Part 35
Nigeria Convinces Oil Majors to Pay $200m for Fuel Imports
Nigeria will get $200m in badly-needed hard currency from oil majors to pay for fuel imports and ease petrol shortages that has hit the OPEC producer, the head of state-run oil firm NNPC said.
Nigeria’s Forte Oil Seeks to Raise $502m for Expansion
Nigeria's Forte Oil said it plans to raise up to $502m to expand its operations in the country and will seek shareholders' approval at its annual General Meeting in April.
Nigeria to Set Up $150m Solar Power Project in Plateau State
Nigerian Panyam community, in Mangu Local Government Area of Plateau State, is to benefit from a $150m solar plant power project expected to take off before the end of this year.
Nigeria to Increase Petrol Price, Considering Privatisation
Nigeria would review the price of Premium Motor Spirit –PMS, also known as petrol– in May, while Minister of State for Petroleum Resources hinted on a possible privatisation of the sector as lasting solution to its f ...
African Oil Tycoons, Businessmen Listed in Panama Papers
The Angolan minister, a Congolese politician, a Nigerian governor and the nephew of South Africa’s President, all of them with ties to oil money are some of the Africans among those implicated in the so-called Panama ...
IMF Cuts Nigeria’s Growth Forecast to 2.3% in 2016
The International Monetary Fund (IMF) cuts again its growth forecast for Nigeria as the oil exporter faces "substantial challenges" due to low crude prices.
Nigeria Arrests Person Suspected of Bombing Eni Pipeline
Nigeria has arrested a person suspected of having bombed an oil pipeline belonging to Italy's Eni in the southern Delta region.
GE to Install First Solar Hybrid Technology in Nigeria
General Electric Company (GE) will develop its first African installation of solar hybrid technology at a factory in Kaduna, northern Nigeria later this year to reduce emissions. 
