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Nigeria: Nigeria Ends Oil Subsidy to Invest Savings in Infrastructure Development/in /by
[Africa Renewal] The new administration maintains that ending the subsidy will aid climate action and fund transportation and energy investments
Angola: Oil Production in July Increases By Over Two Million Barrels/in /by
[ANGOP] Luanda -- The production of crude oil in Angola reached just over 35.6 million barrels in July of the current year by registering an increase of 2,023,000 barrels compared to what was recorded in the previous month.
Angola: Chevron Starts Manufacturing Equipment in Angola/in /by
[ANGOP] Luanda -- Chevron, through its subsidiary Cabinda Gulf Oil Company Limited (CABGOC), started Tuesday (15th) the manufacture of the N'dola Sul wellhead platform in Cuanza Sul province.
Nigeria: I Received N50,000 to Secure Vessel Used for Storing Stolen Crude Oil – Suspect/in /by
[Vanguard] Men of the Operation Delta Safe, OPDS, have arrested three suspected crude oil thieves and seized a vessel and two tankers used in carrying out the illegal activities in Rivers State.
Nigeria: Nigeria’s Eurobonds Drop As Govt Freezes Petrol Price Hike/in /by
[Vanguard] Nigeria's eurobonds fell on Wednesday, after the government said petrol prices will not be increased, and blamed foreign exchange shortages on "gross mismanagement" at the Central Bank of Nigeria (CBN).
Nigeria: NNPCL Secures $3 Billion Afrexim Bank Loan to Support Govt, Stabilise Forex Rates/in /by
[Premium Times] The loan is also expected to help stabilise the foreign exchange market, enable authorities to meet forex demand, and improve the value of the Nigerian currency.
Ghana: Petrol, Diesel Prices to Increase Averagely By About 5.7 Percent – Copec/in /by
[Ghanaian Times] Prices of petrol and diesel are likely to increase averagely by about 5.7 per cent over the current mean price of GH¢12.45 per litre, beginning today for the next two weeks.
Nigeria: Nigeria Resumes Oil Export At Forcados Terminal/in /by
[Vanguard] Nigeria has resumed the export of about 220,000 barrels of crude oil per day at the Forcados terminal
Nigeria: Federal Govt Battles Market Forces to Stabilise Petrol Pump Price/in /by
[Leadership] The federal government is battling to contain and stabilise the pump price of premium motor spirit (PMS) after the
Nigeria: Tinubu to Nigerians – There’ll Be No More Increase in Fuel Price/in /by
[Premium Times] The presidential spokesperson says Nigerians pay the least amount for petrol in West Africa.