Nigeria | Egypt Oil & Gas - Part 38
Nigeria Oil Workers Stage Strike, Shutting Down NNPC
Nigerian trade unions shut down offices of the Nigerian National Petroleum Corporation (NNPC) in protest against government’s plans to reorganize the company by splitting it into 7 independent units, the Premium...
Nigeria Breaks Up National Oil Company Into 7 Units
Nigeria’s national oil company (NNPC) is undergoing a major shake-up as President Muhammadu Buhari has unbundled it into seven independent operational units, DailyPostNg reported. Oil Minister, Emmanuel Ibe Kachikwu, ...
Nigeria to Restructure State Oil Giant to Make it Profitable
Nigeria is set to split its giant state-run National Oil Company into 7 independent units in an effort to improve efficiency in the wake of the oil price crash, The Wall Street Journal reported. Before it was said tha...
Nigerian Petroleum Tankers Blame Government for Fuel Scarcity
Nigerian Petroleum Tankers Drivers (PTD), the arm of the National Union of Petroleum and Natural Gas Workers (NUPENG), blamed the Nigerian National Petroleum Corporation (NNPC) for the current scarcity of petrol in so...
Nigerian President: Oil Prices ‘Totally Unacceptable’
Nigeria’s President Muhammadu Buhari said the OPEC cartel needs to take action to stabilize the oil market because crude prices have fallen down to “totally unacceptable” levels, Reuters reported. Th...
Nigerian President Rejects Currency Devaluation
Nigeria’s President, Muhammadu Buhari, has reiterated that the country will not devalue its national currency, the naira, in spite of the fact that it has dropped on the secondary market to the level of 360 per ...
Nigeria Backs Oil Output Freeze
Nigeria, the biggest oil producer in Africa, has backed Saudi Arabia and Russia in freezing oil production while giving Iran and Iraq a way out to regain some of their market share lost due to sanctions and war, Bloom...
Nigeria Seeks Capital for Drilling Projects, Debt Repayment
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...
