Posts

Nigeria: NNPC $3bn Loan – Afreximbank Working Out Oil Volume Details for Exchange/in /by
[Leadership] Afrexim Bank is currently working out details to determine the volume of crude oil the Nigerian National Petroleum Company Limited is willing to give out in exchange of its loan request.
Nigeria: Navy Hands Over Two Suspected Oil Thieves to NSCDC in Delta/in /by
[Premium Times] The Nigerian government has been battling oil theft in the country's Niger Delta region.
Nigeria: Petroleum Agency’s Boss Cancels Birthday Celebration, Gives Reason/in /by
[Premium Times] Mr Komolafe, chief executive of the Nigerian Upstream Petroleum Regulatory Commission(NUPRC), turned 60 on 26 September.
Kenya: Govt Settles Sh35.32 Billionn for Credit Fuel Under a Government-to-Government Deal/in /by
[Capital FM] Nairobi -- Kenya has settled Sh35.32 billion in credit fuel that was signed early this year under the government-to-government (G-to-G) deal with Saudi Arabia and the United Arab Emirates (UAE).
Nigeria: Unions Call for Indefinite Strike to Protest Rising Cost of Living/in /by
[Premium Times] The labour unions said "the strike is to demonstrate our resolve for a truly independent Nigeria; to take our destinies in our own hands and rescue our nation."
Nigeria: Rumour of Fuel Price Hike Unsettles Motorists, Commuters/in /by
[Leadership] Motorists in Lagos and Ogun states are going through hard times to buy petrol as many stations yesterday shut down operations, heightening speculation of possible hike in pump price.
Nigeria: Nigeria Targets New Oil Production Level As Goldman Sachs Predicts $100/Barrel/in /by
[Leadership] Goldman Sachs has predicted oil price going up to $100 again, citing lower production output from the Organisation of Petroleum Exporting Countries(OPEC) combined with higher demand, which taken together, "more than offset significantly higher U.S. supply."
East Africa: Why Ugandans, East Africans Celebrate the East African Crude Oil Pipeline/in /by
[Independent (Kampala)] Comment -- The EACOP will generate considerable economic benefits for Uganda. The project is estimated to attract billions of dollars in foreign direct investment, leading to increased economic growth and diversification. The pipeline will create thousands of direct and indirect jobs, providing employment opportunities for local communities and boosting income levels. This inflow of investment and job creation will stimulate various sectors of the economy, including manufacturing, services, and infrastructure
Nigeria: Nigeria’s Oil Output Lags Behind 2023 Budget Target By 15%/in /by
[Vanguard] Nigeria's oil production in the first eight months of the year has fallen short of the 2023 budget benchmark by over 20 million barrels, or 15 per cent, the latest figures from the Nigerian Upstream Regulatory Commission, NUPRC, have indicated.
Nigeria: Release Details of Petrol Landing Cost, Pricing Template, Atiku’s Aide Tells Federal Govt/in /by
[Leadership] Phrank Shaibu, the Special Assistant on Public Communication to former Vice President Atiku Abubakar, has dared the All Progressives Congress(APC)-led Federal Government to publish the landing cost of petrol as well as the pricing template being used by the government to keep the cost of petrol at less than N640 per litre.