Entries by AllAfrica News: Petroleum

Nigeria: Tinubu At WEF, Says Subsidy Removal, Forex Reform Saved Nigeria From Bankruptcy /in /by

[This Day] President Bola Tinubu, yesterday, said last year's removal of fuel subsidy and current efforts by his administration to manage Nigeria's foreign exchange market were necessary steps that prevented the country from going into bankruptcy.

Nigeria: Fuel Subsidy Removal Necessary for Nigeria’s Economy – Tinubu /in /by

[Leadership] President Bola Ahmed Tinubu has again defended his administration's decision to remove fuel subsidy in Nigeria, describing it as a necessary action to prevent the country from going bankrupt and to reset the economy on the path to growth.

Nigeria: Concerns As Fuel Queues Worsen in Abuja, Lagos, Others /in /by

[Daily Trust] From Abdullateef Aliyu and Dotun Omisakin (Lagos), Seun Adeuyi (Abuja), Ahmad Datti (Kano), Maryam Ahmadu-Suka (Kaduna) & Mumini Abdulkareem (Ilorin)

Nigeria: 11 Months After Subsidy Removal – Nigerians Still Face Fuel Scarcity, Long Queues /in /by

[Leadership] Eleven months after the federal government removed fuel subsidy and opened up the market for competition, Nigerians are still grappling with the harsh realities of fuel scarcity and long queues at petrol stations across the country.

Nigeria: Navy Arrests Over 14 Crude Oil Vessels in Four Months – Official /in /by

[Premium Times] The naval official informed Rivers State Governor Fubara that the Nigerian Navy has moved its training headquarters from Lagos to Port Harcourt.

Nigeria: FG Urges Oil & Gas Operators to Leverage Capital Market for Funding /in /by

[Vanguard] The Federal Government (FG) has urged the oil and gas operators to create ingenious ways of raising capital especially leveraging the nation's capital market to expand their investment and tackle myriads of problems facing the sector.

Nigeria: Pia – 9 Communities in S/South Not Benefiting From Dev’t Fund /in /by

[Daily Trust] The Accountability Lab (AL) Nigeria has stated that nine communities in Delta, Akwa Ibom and Rivers states need more attention regarding the implementation of the Petroleum Industry Act (PIA) and the Host Communities Development Trust (HC...

Nigeria: Despite Increased Derivation Fund, Oil Producing States Owe N1.6trn /in /by

[Daily Trust] The nine major oil producing states of Delta, Akwa Ibom, Rivers, Bayelsa, Edo, Ondo, Imo, Abia and Anambra are owing N1.56 trillion, Daily Trust's investigation has shown.

Nigeria: Again, Dangote Refinery Announces Reduction in Price of Diesel, Aviation Fuel /in /by

[Premium Times] This development comes a week after the company announced a reduction in the price of diesel from N1,200 to N1,000 per litre

Zimbabwe: Bell Petroleum Director in Court Over U.S.$95k Fraud /in /by

[The Herald] Bell Petroleum (Pvt) Ltd director Daniel Guzha has appeared in court for allegedly defrauding a client of US$95 502 in a fuel deal.