Nigeria's new President Muhammadu Buhari dissolved the board of the state-owned oil company on Friday as a first step in cleaning up the sector in Africa's biggest crude producer.
Nigeria's new president, Muhammadu Buhari, has been advised by his transition committee to end a fuel subsidy program and privatize Nigeria's four refineries, senior sources in his party told Reuters on Sunday.
The Nigerian government should start selling off its stakes in oil joint ventures with foreign partners to ease the funding issues and leakage of cash due to corruption and waste which have impeded the country's bid ...
Nigeria can boost its oil and gas production by changing the way capital investments are funded in its joint ventures with energy companies, according to Seplat Petroleum Development Co.
President Muhammadu Buhari is likely to keep the oil portfolio for himself in the new Nigerian cabinet, rather than trust anyone else with the source of most of Nigeria's revenue and traditional fount of corruption, ...
Seven Energy International Ltd. in Nigeria aims to work together with other companies in the country to increase gas production, Bloomberg Business reported. Seven Energy expects to quadruple gas production in Nigeri ...
A runaway oil tanker truck exploded in a crowded bus station in the south of the country, setting ablaze 12 buses carrying passengers and killing 69 people, Nigeria's Red Cross and police said Monday.