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Railway to distribute 1.8-million litres of petrol products nationwide

The Nigerian Railway Corporation (NRC) has indicated readiness to deploy its 40 tank wagons for distribution of 1.8-million litres of petrol nationwide if contacted by marketers...

By Kingsley Jeremiah 27 Sep 2017

Nigeria signs oil financing deals with Shell, Chevron

Nigeria has signed financing deals with oil majors Shell and Chevron to develop projects that would boost reserves and revenue, the state-run oil firm said this week...

4 Aug 2017

Nigeria to cease import of petroleum products

Nigeria will cease to import petroleum products and totally depend on its own refined products from 2019, the Minister of State for Petroleum, Dr Ibe Kachikwu, disclosed this week...

By Omololu Ogunmade 21 Jul 2017

Watchdogs allege Shell knew about Nigeria oil kickbacks

LAGOS, Nigeria: Corruption watchdogs alleged on Monday that Shell executives knew that money earmarked for a controversial oil deal was being used to bribe senior Nigerian officials, a claim rebuffed by the petroleum giant...

12 Apr 2017

Automotive lubricants market in Nigeria and South Africa expected to grow in the long term

Nigeria and South Africa rely heavily on imported raw materials for automotive lubricants. However, the volatility of oil prices and the devaluating currencies...

31 Oct 2016

Total goes ahead with new Nigerian well

PARIS, FRANCE: French oil giant Total says it will start work on an oil field off the coast of Nigeria, in a rare expansion by a multinational company. Other companies are increasingly parting with assets in Africa's biggest crude producer.

24 Jun 2013

Huge growth forecast for Africa's oil sector

Africa's oil and gas industry is poised for momentous growth despite regulatory and political challenges‚ according to a PricewaterhouseCoopers (PwC) report released on Wednesday (19 June)

20 Jun 2013

Africa must make better use of resources

Africa's agricultural‚ mining and energy resources could be better used to boost the continent's pace of economic growth and pave the way for a breakthrough in human development‚ according to a report released on Monday (27 May).

By Mariam Isa 28 May 2013

Pirates seize French tanker off Abidjan

ABIDJAN COTE D'IVOIRE: A French tanker has been hijacked by pirates off Ivory Coast, port authority officials in the economic capital Abidjan confirmed on Monday (4 February).

5 Feb 2013

Allegations that Nigeria lost billions in oil cash stirs anger

LAGOS, NIGERIA: A probe alleging Nigeria has lost out on tens of billions of dollars in recent years through questionable practices in Africa's biggest oil-and-gas industry has stirred controversy and calls for action.

26 Nov 2012

SEPLAT celebrates World Environment Day

Nigerian indigenous petroleum exploration and development firm, SEPLAT Petroleum Development Company Limited has unveiled its plans to celebrate this year's World Environment Day, which takes place annually on 5 June.

5 Jun 2012