Nigeria says OPEC will agree details of oil-supply cuts Tuesday
OPEC is on track to finalize the details of the Algiers accord to cut oil production at a meeting in Vienna on Tuesday, said a delegate from Nigeria.
Nigeria
Nigeria’s economic slump deepens as oil output continues to drop
Nigeria’s economic slump deepened in the third quarter as oil production continued to fall and factory output was hit by a shortage of dollars.
Sirius Petroleum and Add Energy enter Nigeria contract
Sirius Petroleum has struck an agreement with Add Energy for a multi well campaign as part of the firm's offshore development strategy in Nigeria.
Nigeria’s largest airline reduces domestic flights after fuel scarcity
Nigeria's largest airline Arik Air has reduced the number of domestic flights it offers after a scarcity of aviation fuel, according to reports.
Niger Delta Avengers claim attack on Nembe pipeline
A Nigerian militant group said today that it had attacked sections of the Nembe Creek pipeline in response to the armed force’s presence in the southern Niger Delta.
Nigerian inflation quickens to 11-year high in October
Nigerian inflation accelerated for the 12th consecutive month in October as exchange-rate pressures persisted on the prices of goods and services, complicating the central bank’s task of supporting an economy forecast to contract this year.
Nigeria’s Senate seeks near completion of oil bill essentials by year-end
Nigeria's Senate has said it will nearly complete work by year end on two major areas of long-delayed legislation to tackle problems in managing the nation's oil wealth.
Militants attack pipeline day after crucial talks with Buhari
Militants in the Niger Delta have attacked another pipeline a day after regional leaders made a number of demands to President Muhammadu Buhari.
Oil losses extended as US stocks further add to glut
Oil extended losses from the lowest close in more than a month after weekly industry data showed U.S. crude stockpiles expanded, exacerbating an inventory glut.
Buhari meets with leaders and militants from Niger Delta after attacks on oil facilities
Nigeria's President Muhammadu Buhari met with leaders from the Niger Delta and representatives of militant groups after attacks on oil facilities in the region.
ExxonMobil makes 1billion barrel find offshore Nigeria
ExxonMobil said it has made a significant oil and gas discovery offshore Nigeria.
Nigeria says security first step in ensuring oil stability
Nigerian President Muhammadu Buhari said he will meet leaders from the Niger Delta next week in an attempt to end an insurgency in the oil producing region.
Africa needs to face reality of low commodity prices, IMF warns
African commodity exporters risk a “disorderly” hit to their economies if they don’t adapt to the reality of low prices, said a senior official at the International Monetary Fund.
Widow of Nigerian activist to take Shell to Dutch courts
The widow of a Nigerian activist plans to take legal action against oil major Shell in Dutch courts.
Nigeria’s First Lady may not back Husband for re-election
Nigeria’s First Lady has openly questioned whether her husband, President Muhammadu Buhari, is in control of his government and said she may not campaign for him if he seeks a second term.
Kidnapped Romanian oil worker freed in Nigeria
A Romanian engineer who was kidnapped in Nigeria on Monday has been freed.
African firms SacOil and Nigdel end row over Nigeria licence
South-Africa-based SacOil and Nigdel United Oil Company have dropped legal claims against each other over a licence in Nigeria.
Car-bomb explosion reported in Nigeria
A car-bomb explosion has been reported in Nigeria.
Nigeria raises half of six-month revenue target on low oil production
Nigeria said it only managed to raise 55% of its six-month revenue target in the first six months of this year.
Nigerian Navy arrests alleged Niger Delta crude thieves
The Nigerian Navy arrested four alleged Niger Delta crude thieves, after being tipped off by children.
Nigeria can sue Chevron, Total over illegal exports, judge says
Nigeria’s government can take the local units of Chevron Corp. and Total SA to trial for illegally exporting oil, a judge said.
Nigeria’s shrinking economy puts sale of oil fields in play
Facing the likelihood of its first full-year economic contraction in 25 years, Nigeria is contemplating a rare sale of stakes in the oil and gas industry, the country’s biggest foreign-exchange earner.
Nigeria oil asset sale plans could reshape country’s industry
Nigeria’s possible sale of some of its oil and gas assets to raise money and boost the contracting economy in Africa’s most populous country could reduce the government’s influence over its biggest industry.
Eland “evaluating portfolio” amid Nigeria pipeline attacks
Eland Oil and Gas, an Aberdeen-based firm which focuses on West Africa, said today it was “evaluating its portfolio” due to disruption to one of its main fields.
Major oil spill causing misery for Nigerian communities, report says
About 10 communities in Nigeria have been polluted by oil spills following attacks on pipelines by militants, a news report said today.