Nigeria | Egypt Oil & Gas - Part 48
Nigerian Oil Crisis Takes a Toll on Bureaucrats
It’s been five months since Johnson Umeadi and his wife, Adaku, received their salaries as government workers in southeastern Nigeria. Eni Oil-Pipeline Explosion in Nigeria Kills 12, Injures 3
Twelve people died and three were injured in an explosion during repair work at an Eni SpA crude oil pipeline in Nigeria.
Nigeria To Share $2.1 Bn of Natural Gas Revenues
Nigeria will share $2.1 billion to federal, state and local governments to reduce a growing backlog of debts and restructure short-term loans as Africa's biggest oil producer suffers declining revenues, the presidenc ...
Buhari Denies Oil Savings Account Is Depleted
Nigerian President Muhammadu Buhari denied that the oil savings account will be depleted to pay government debts, including civil servants’ salaries.
Buhari Advised to Overhaul Nigerian Oil Sector
Advisors to Nigerian President Muhammadu Buhari have recommended a root and branch overhaul of Africa's biggest oil industry and increased borrowing to help pay off $20 billion of government arrears, a reform proposa ...
Nigeria Runs Down Oil Savings Account to Pay Debt
Nigeria’s government plans to run down its oil savings to offset revenue shortfalls and pay debt, such as salaries for state workers.
Shoreline Plans $2 Billion Bond to Buy Africa Energy Assets
Shoreline Group, a Nigerian company with interests from oil production to rope-making across six African countries, plans to sell $2 billion in debt to buy crude and gas assets on the continent, which may include pur ...
Nigeria’s Total Debt Rises to 12.1 Trillion Naira
Nigeria's total debt rose to 12.1 trillion naira ($60.8 billion) as of March 2015, up from 11.2 trillion naira at the end of December 2014, the Debt Management Office (DMO) said.
