Chinese to invest $819m in South African Auto Industry

A Chinese state-owned car manufacturing company will invest 11 billion rand ($819 million) in a new plant in South Africa, giving a further boost...

Nigeria Oil workers want international oil companies call-to-order

Oil workers have urged the Federal Government to resolve the lingering labour issues in the oil and gas industry to avoid an industrial unrest. The...

FG charges oil majors Shell, Eni with corruption

Nigeria's anti-graft agency on Thursday filed corruption charges against oil majors Shell and Eni over a $1.3 billion offshore block deal. The Economic and Financial...

Nigeria’s oil production crunches, active rigs rise

Nigeria, which again lost its Africa’s top oil producer status to Angola in January, has recorded further decline in its crude oil production, a...

US pushes ahead with electricity plan for Nigeria

The United States government is pushing ahead with its plan to boost electricity supply in Nigeria through the Power Africa initiative. The US Consul General,...

Shell knew ex-minister’s company would get oil-deal cash

Royal Dutch Shell Plc said it knew some of the $1.1 billion paid to the Nigerian government in 2011 for an exploration license would...

IPMAN, NIMEX partner to import 100,000mtons of petrol

Petroleum sector pressure group,the Independent Petroleum Marketers Association of Nigeria (IPMAN) has commenced a strategic partnership with NIMEX Petroleum Group for effective importation of...

Oil markets unstable ahead of OPEC meeting later today

Oil markets were unstable early today Wednesday ahead of an OPEC meeting later in the day, with members of the producer cartel trying to thrash...

Nigeria’s oil faces output cuts as Shell closes Bonga facility

The exploration and production arm of Shell in Nigeria – Shell Nigeria Exploration and Production Company Limited (SNEPCo) has announced the shutdown of its...

PIGB aims to break up state oil company NNPC

The long-awaited oil governance bill passed by Nigeria's upper chamber of parliament proposes breaking up the state oil company into three commercial entities supported...

Saudi says ‘committed’ to global oil market stability

Saudi Arabia is committed to stabilising the global oil market, the energy ministry of the world's biggest oil exporter said on Tuesday, as prices...

NEPC targets June for solid minerals export

June has been set as the target month for the export of solid minerals from the South-West region, the Nigerian Export Promotion Council has...

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