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Egypt: Non-Oil Sectors Drive Egypt’s Surging FDI Inflows – CBE/in /by
[Egypt Online] Egypt's non-oil business sectors were responsible for the lion's share of net foreign direct investment (FDI) inflows during the first quarter (1Q) of the current FY2022/2023 (July-September 2022), the Central Bank of Egypt (CBE) said in a new report.
Nigeria: Nigeria Secures $800 Million Ahead of Fuel Subsidy Removal/in /by
[VOA] Nigeria has secured an $800 million relief package from the World Bank to help cushion the impact of a plan to remove in June a long-held fuel subsidy.
Nigeria: Kyari to IOCs – If You Walk Away, We Will Stay to Explore Our Resources/in /by
[This Day] The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), Mallam Mele Kyari, yesterday told International Oil Companies (IOCs) that Nigeria would continue to explore its hydrocarbon resources, even if the multinationals take a walk.
Zambia: Illegal Fuel Vending Continues to Cause Headaches/in /by
[Times of Zambia] ILLEGAL fuel vending has continued to be rampant countrywide especially along major highways.
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.