Latest News for: Nigeria oil

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Seven die in Nigeria oil tanker explosion

Business Ghana 20 Apr 2021
At least seven people died in a deadly fire outbreak following a tanker explosion in central Nigeria on Sunday. An oil tanker laden with petrol veered off the road ...
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Emefiele, Oramah, others advocate value addition in AfCFTA

Business Day Online 20 Apr 2021
Stakeholders in African and international trade has urged the need for Nigeria to boost its non-oil sectors and adopt value addition practices in order to effectively utilise the African Continental Free Trade Area (AfCFTA) agreement and enjoy the benefits it has to offer.
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How States, LGs are paying for Nigeria’s failure to reform

Business Day Online 20 Apr 2021
By official estimates, it costs Nigeria between N80bn and N100bn monthly by way of the so-called “under recovery”, a new term to describe the unappropriated funds with which Nigeria’s national oil corporation covers the cost of petrol subsidy each month ... Nigeria is ...
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Nigeria’s export to Indonesia is $459m high than import

Business Day Online 20 Apr 2021
He noted that the total volume of trade between Nigeria and Indonesia stands at $2 billion, adding that it is still growing ... We import crude oil, used cartons, rubber latex from Nigeria and export pharmaceutical products, palm oil, paper products, printing materials, vehicle tyres and textile to Nigeria,” he said.
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Nigeria’s export to Indonesia is $459m higher than its import

Business Day Online 20 Apr 2021
He noted that the total volume of trade between Nigeria and Indonesia stands at $2 billion, adding that it is still growing ... We import crude oil, used cartons, rubber latex from Nigeria and export pharmaceutical products, palm oil, paper products, printing materials, vehicle tyres and textile to Nigeria,” he said.
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PH Chamber of Commerce to explore trade links in the Caribbean

Business Day Online 20 Apr 2021
It would create need for trade intelligence that would bring business moguls in all the countries closer with their Rivers counterparts and seek ways of entrepreneurial integration and exploration, especially on export of non-oil products from Nigeria’s South-South region.
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In search of more money, Nigeria changes oil reform

Business Day Online 20 Apr 2021
In a bid to attract more investment, Nigeria is renegotiating commercial contract terms in its proposed oil reform bill in a move it hopes ...
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Naira adjustment, end to subsidy to add N200bn to FAAC monthly

Business Day Online 20 Apr 2021
Adjusting the conversion of dollar rate for oil proceeds to the naira and putting an end to fuel subsidies could add about N200 billion ...
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EnergyEXCLUSIVE Eni eyes oil spin-offs to tackle debt in energy transition

Reuters 20 Apr 2021
Italy’s Eni (ENI.MI) is considering spinning off oil and gas operations in West Africa and the Middle East into new joint ventures to help reduce debt and fund its shift to low-carbon energy, according to company and industry sources ... Africa's biggest foreign oil and gas producer, Eni has prize assets in Nigeria, Congo and Angola.
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Nigeria may face political instability after global energy transition- report

Business Day Online 20 Apr 2021
Nigeria, Algeria, Chad, and Iraq will be among the first countries to experience political instability as oil producers feel the effects of ...
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Nigeria targets setting up 100 oil, gas projects by 2025 – report

Business Day Online 20 Apr 2021
As many as 100 oil and gas projects are set to start in Nigeria by 2025, accounting for 23 percent of all projects starts in the ...
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Ghana will find it expensive to borrow – Moody’s

Joy Online 20 Apr 2021
In its latest assessment of the Ghanaian economy, Moody’s also ranked the country B3 with a negative outlook, explaining that Ghana has high exposure to external financing ... Again, it pointed out that the Ghanaian economy, was more diversified than Nigeria’s oil-dependent one and could rebound faster if it reduced its exposure to foreign borrowing ... .
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Oxford University Has Pledged to Divest from Fossil Fuels – Now it Needs to Sever ...

Resilience 20 Apr 2021
... while oil and gas companies have a history of human rights abuses ... Meanwhile, Shell is responsible for the spill of over two million barrels of oil in Ogoniland, Nigeria, contaminating soils and aquatic systems which have led to food insecurity, poverty, and health complications.
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Galamsey is neither a canker nor a menace; National dialogue in Accra not the solution!

Ghana Web 20 Apr 2021
This is a question that we may want to find the answers to later ... See more in ... “Is Ghana destined to follow the path of a Nigeria, where, following the discovery of oil in the 1950s, one of the world’s leading tin mining industries began to experience steady decline due to diminished government interests and a lack of investment?” They added. ... .
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