Nigeria | Egypt Oil & Gas - Part 41
Nigeria to Launch Oil&Gas Exploration in Lake Chad Area
The New Nigeria Development Company (NNPC) owned by 19 northern state governments has disclosed plans to commence exploration of oil and gas in the Lake Chad area, in the North-East.
Nigeria Proposes $30.1b Budget with 15% Expenditure Rise for 2016
The Nigerian government proposed a $30.1b national budget for 2016 estimating a 15% rise in expenditure compared to 2015, pledging investments in infrastructure projects, and social welfare programs.
Nigeria’s New Oil Bill Revises Tax Regime for Investors
Nigeria's government is breaking up a protracted all-encompassing 2012 Petroleum Industry Bill (PIB) to overhaul the state sector, by closing loopholes that breed corruption.
Nigeria to Announce Direct Oil Cash Calls in 2016
Nigeria announced that it would seek international oil and gas investments via direct cash calls in 2016 channeled through the Nigerian National Petroleum Corporation (NNPC) and its six multinational Joint Ventures ( ...
Nigeria, Angola to Search for a New Consensus on Oil Prices
Nigeria and Angola have agreed to cooperate in reaching out to other oil producing countries in an attempt to find a new consensus amid the dwindling oil prices in the global market.
Oil tanker Fell Off Bridge in Lagos, No Dead Reported
A Forte Oil's fuel tanker fell off the Ojuelegba bridge in Lagos bursting into flames as its content spilled and burnt down four houses and five vehicles.
Nigerian Pipeline Plundered for $250m Worth of Oil
The Nigerian National Petroleum Corporation said that nearly $250m worth of oil was stolen from a single Nigerian pipeline running north-east. Nigerian Economy Grows Despite Oil Prices, Corruption
Nigeria’s Minister of Finance, Kemi Adeosun, said that the country has recorded an increase in oil revenue in October, despite a continued fall in the price of crude oil, reported the Daily Post.
