The government-owned oil corporation of Nigeria, NNPC Ltd, announced on Thursday that it has renewed a production-sharing agreement with Total, China National Offshore Oil Corp.,
Category: Africa
Nigeria’s Buhari issues $1.18b promissory notes to pay off court judgments.
President Muhammadu Buhari, who is leaving office, stated in a public letter asking for parliament’s consent that Nigeria has issued debt instruments worth $1.18 billion
Nigeria to spend $12b to clean up Bayelsa oil spills caused by Shell and Eni – report.
According to a new assessment released on Tuesday, Nigeria will need $12 billion over the course of 12 years to clean up decades-old oil spills
Debt-ridden Ghana to get a lifeline of $3b IMF loan after Paris Club debt restructuring.
The Paris Club announced on Friday that the official sector creditors of Ghana have established a committee for debt restructuring discussions that would be co-chaired
UK Supreme Court awards Shell victory on the 2011 oil spill off the Nigerian coast.
On Wednesday, the UK Supreme Court ruled that it was too late for Nigerian claimants to file a lawsuit against two Shell companies over an
Nigeria’s debt to hit $172b as Senate approves 40-year tenure for CBN’s $52b FGN loan.
According to minutes of the meeting from Wednesday, the Nigerian senate has granted President Muhammadu Buhari’s request to convert 23.7 trillion naira ($52 billion) in
Gas export: Nigeria’s NNPC and Norway’s Golar to construct floating LNG.
Nigerian National Petroleum Corporation (NNPC) has signed a memorandum of understanding (MoU) with Norwegian Golar LNG, an owner, and operator of marine LNG infrastructure, to
POLITICS, GOVERNANCE, AND OPEN SOCIETY.
Elections come over a cycle of 4 years in Nigeria to enable Nigerians to choose political office holders that will govern the country for that
Nigeria’s crude export is at risk as Exxon declares force majeure.
Following industrial action by the firm’s internal workers union, Exxon Mobil Corp. in Nigeria declared force majeure on oil liftings from several terminals in the
Nigerians get poorer as the inflation rate accelerated in March to 22.04%.
Nigeria’s Bureau of Statistics reported on Saturday that the country’s annual inflation rate increased to 22.04% in March from 21.91% the previous month. The greatest
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