Nigeria | Egypt Oil & Gas - Part 40
Energy Firms Owe Nigerian Banks $20b
Energy firms owe Nigerian banks N4t ($20b) as of September 2015, according to data from the Central Bank of Nigeria. Nigeria May Take Greater Debt as Oil Price Slides
Nigeria may have to take greater debt to meet its yearly budget, amid an increasingly low oil price which is crucial for government revenues.
Gas Explosion in Nigeria Leads to Increased Safety Regulations
In response to the Nweni gas explosion on December 25th, which killed a number of people, the Nigerian government is instituting new safety regulations. Nigeria Considering Currency Devaluation
Nigerian authorities are under increasing pressure to devalue the national currency, the naira, as oil prices have declined.
Nigeria’s New Electricity Tariff to Begin February 1st
Nigeria’s Electricity Regulatory Committee (NERC) will begin the implementation of a new electricity tariff on February 1st, seeking to effectively monitor and enforce all service delivery agreements.
Nigeria’s Refineries Start Production to Stabilize Supply
Several of Nigeria's struggling oil refineries are back in production and making enough gasoline to help stabilize supply in the country.
Nigeria Plans to End Gas Flare by 2030
Nigeria has planned to end gas flare in the country by 2030. Minister of Environment has said that Nigeria could generate as much as $7.5b worth of benefits by ending gas flaring and using the gas for commercial purp ...
IMF Chief to Discuss Economic Developments with Nigeria and Cameroon
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 ...
