Nigeria | Egypt Oil & Gas - Part 37
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. In its annual review of Nigeria’s economic...
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, Bayelsa state, a state security force said, Reuters reported. The attack killed thr...
GE to Install First Solar Hybrid Technology in Nigeria
General Electric Company (GE) announced that it will develop its first African installation of solar hybrid technology at the Indomie Noodles factory in Kaduna, northern Nigeria, later this year to reduce emissions. T...
Nigeria Talks to Chevron, Total, Eni to Revamp Refineries
Nigeria is in talks with oil majors Chevron, France’s Total and Italy’s Eni to receive help for revamping its ailing refineries, country’s Oil Minister, Emmanuel Ibe Kachikwu, told Reuters. Kachikwu...
Nigeria’s NNPC Secures Crude Import to End Fuel Scarcity
Nigerian President Muhammadu Buhari has given approval for the Nigerian National Petroleum Corporation (NNPC) to import additional crude oil volume to guarantee supplies of Premium Motor Spirit (PMS) petrol with a goa...
Ghana Seeking New Gas Suppliers from Nigeria
Nigerian company’s inability to supply agreed volume of gas to Ghana via the West African Gas Pipeline prompted renewed calls to seek alternative gas suppliers in that country. The two countries had agreed on a...
Nigeria’s State Oil Company Withheld $16b in 2014
Nigeria’s Auditor General has denounced that Nigerian National Petroleum Corporation (NNPC) withheld $16b in revenues from the federal government in 2014, the same year that the then Central Bank Governor was su...
Nigeria to Extend Oil&Gas Exploration In Lake Chad Basin
Nigeria plans to extend oil and gas exploration in new fields in the Lake Chad Basin in the North East and in the coastal states such as Lagos, where oil has been discovered in commercial quantity, All Africa reported...
