Nigeria | Egypt Oil & Gas - Part 52
Nigerian Central Bank Calls for Tough Measures Due to Oil Prices
Nigeria’s central bank ordered banks on Friday to crack down on borrowers with non-performing loans (NPLs) in a move aimed at avoiding a repeat of a 2009 industry bailout that cost the government $4 billion. A s...
Buhari To Release Full Audit on Nigerian State Oil Company
Nigerian President-elect Muhammadu Buhari’s administration will publish the full audit of the state oil company and expects it will need to repay the government more than previously recommended, his party’s policy dir...
Nigeria Must Raise Gas Prices to Bridge Looming Gap
Nigeria has to raise its gas prices to attract an estimated $55 billion of investment needed to plug persistent local shortages, Nigerian Gas Association President Bolaji Osunsanya said. A government increase of gas p...
Nigeria and Algeria Predict a Long Period of Low Oil Prices
Oil prices are likely to stay low for a long time after falling more than 40 percent in the past year, said officials from two OPEC nations. Nigeria and Algeria both warned that oil prices, currently at around $60 a b...
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 ... 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 When he defeated President Goodluck Jonathan at the polls on March...
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 relative...
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. The group also includes the continent’s biggest producers, Nig...
