Niger exports fuel to Nigeria as Egypt, Algeria build 13 refineries
Neighbouring Niger Republic, which started commercial oil production in 2011, now exports petroleum products to Nigeria, as Egypt and Algeria lead African operations with 13 refineries.
‘Nigeria urgently needs to conduct bid rounds for gas development’
We should qualify that deadline. Base on existing reserves, you could say that our reserves will dry up in 49 years but we could still discover more oil.
Stakeholders urge Nigeria remains in OPEC as Qatar plans exit next year
As Qatar plans to quit the Organisation of Petroleum Exporting Countries (OPEC) from January 1 next year, some stakeholders have insisted it is in the best interest of Nigeria to remain in the cartel.
Nigeria, others to spend $105b on oil, gas decommissioning
Nigeria and other oil producing countries across the world will expend about $105b on decommissioning in the next 10 years.
‘Low oil production, price may limit implementation of 2018 budget’
Nigeria may be ensnared in another budget deficit as members of the Organization Petroleum Exporting Countries (OPEC) head for a crucial meeting to decide on output policy, which could crash the price of oil.With pressure mounting from consumers like United States and China, as well as move by Saudi Arabia and Russia for OPEC ....
Why recession may persist
From muted speculations to official confirmation, the message is the same: Nigeria is fully in economic recession.