Nigeria | Egypt Oil & Gas - Part 51

Nigerian Fuel Marketers Owed $315 Million in Fuel Subsidy

Nigeria's main fuel marketers said late Thursday the government has yet to fulfill its pledge to settle Naira 60 billion ($315 million) in unpaid subsidy for gasoline imported in previous quarters, warning that this ...

Four Challenges Facing Nigeria´s President-Elect Buhari

For President-elect Buhari, winning Nigeria's tight election race is the easy part. Keeping Africa's biggest country afloat will be harder

Violence Sparks in Nigeria’s Oil-Rich Delta Region

Nigeria's delta region was hit by violence on Friday, as gunmen killed nine people and, separately, militants blew up a gas pipeline, in a sign of returning unrest to the oil producing area days after a relatively pe ...

African Oil Producers Seek to Cut Production

The African Petroleum Producers Association, which represents oil and gas producers from Algeria to South Africa, called for a cut in oil output globally.

Unrest in Nigeria Oil Region Subsides as Jonathan Concedes

Nigerian President Goodluck Jonathan’s concession of defeat in presidential elections has mitigated the risk of an armed uprising in the main oil-producing region by militants who were intent on keeping him in power.

Exploration and Productions Drops to Record Low in Nigeria

Nigeria’s oil and gas sector faces low exploration and drilling activities, with only two companies currently engaged in activities, revealed the Nigerian National Petroleum Corporation (NNPC).

Total Completes Divestment of its Onshore Stake in Nigeria

Total has completed the divestment of its stake in onshore Oil Mining Lease (OML) 29 to Aiteo Eastern E&P, a Nigerian company, for USD 569m

Nigerian Elections 2015: An Analysis of Oil, Militancy and Subsidies

On March 28, Africa’s biggest economy and also the continent’s largest oil producer, Nigeria, will go to the polls to elect its new president.

Credit Agency Cuts Nigeria to B+ on Weak Oil

Credit agency Standard & Poor's downgraded Nigeria's rating to B+ from BB- on Friday, saying the decline in oil prices in the past seven months had significantly affected the country's finances.

Oando Energy To Start Oil Production Field in Nigeria

Oil and natural gas exploration company Oando Energy Resources Inc. announced the construction of infrastructure for Qua Iboe field in Nigeria is finished and commercial production has begun, according to a press rel ...

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