Nigeria: NNPC Failed to Account for N102bn Oil Delivery to Refineries – Report/in /by
[Daily Trust] The Nigerian National Petroleum Corporation has failed to account for oil delivery to Warri and Kaduna refineries amounting to N102bn, according to a Senate report.
Nigeria: Fuel Subsidy – Nigerian Govt Secures $800 Million World Bank Facility/in /by
[Premium Times] The finance minister said the $800 million is the first tranche of palliatives to be disbursed through cash transfers to about 50 million Nigerians, who belong to the most vulnerable category of society.
Angola: Angola and Namibia Share Experiences in Mining, Oil Field/in /by
[ANGOP] Luanda -- An Angolan delegation is bound for Windhoek, Namibia, to exchange experiences in the field of mining, mining cadastre and hydrocarbons.
Nigeria: Is Nigeria’s Official Petrol Pump Price Still Official?/in /by
[Daily Trust] Nigeria churns out roughly two million barrels of crude oil a day, making it Africa's top producer and the world's 13th. But still, because of its feeble domestic refineries, Nigeria imports about 80 per cent of the gasoline it consumes at home, selling it at a government-fixed rate (US$0.43) that is below the international average price (US$0.97) and the landing cost determined by world oil price and cost of freight.
Nigeria: Subsidy Removal – Govt Secures $800m From World Bank As Palliatives for Poor Nigerians/in /by
[Daily Trust] The Federal Government has secured the sum of $800 million from the World Bank under the National Social Investment Programme as part of palliatives to cushion the negative effects of the plan to remove subsidy on the petroleum products by June 2023.
Africa: Africa Oil Corp to Reduce Emission in Nigeria/in /by
[Leadership] Africa Oil Corp has initiated key programmes that will result in gas flare reduction from its operating oil assets in Nigeria.
Nigeria: NNPC Offers 9 Percent Funding to Shipowners for Vessel Acquisition/in /by
[Leadership] The Nigerian Maritime Administration and Safety Agency (NIMASA), has disclosed that the Nigerian National Petroleum Company Limited (NNPC), has expressed interest in taking part in the funding of vessels that would be acquired by Nigerian shipowners using the soon-to-be disbursed Cabotage Vessel Financing Fund (CVFF).
South Africa: Some Relief for Motorists in April as Fuel Prices Drop/in /by
[SAnews.gov.za] Consumers of diesel, paraffin and gas will breathe a little easier following price decreases in all fuels and slight changes in the prices of petrol.
Nigeria: NNPCL Denies Paying N20bn to ‘Ghost’ Consultants/in /by
[Premium Times] The NNPCL asked the online platform to retract the said publication.
Nigeria: NMDPRA Moves to Regularise About 1,000 Unlicensed Petroleum Retail Outlets/in /by
[This Day] In a review of its method of clamping down on illegal filling stations operating in Nigeria, which it put at about 1,000, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has said it now intends to engage the operators of the facilities in discussions in order to get them properly registered and licensed.