Nigeria has filed a new challenge to the case brought against it by Process and Industrial Developments (P&ID), over a failed gas project in Calabar.
A new bill increasing taxation on Nigeria’s oil industry would drive a decline in deepwater production of around 20% by 2023, industry group Oil Producer Trade Section (OPTS) has said.
A number of African states are in the process of visiting Sochi, largely in the hope of signing deals for new investment.
Africa’s largest oil producer could run out of money if it doesn’t boost revenues urgently.
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.
Militant group the Niger Delta Avengers (NDA) has vowed to start attacking personnel as it continues its fight for oil assets in the West African country.
Nigeria’s government may sell 40% of a new national oil company within 10 years of its creation, according to a draft law.
Nigeria’s state oil company recorded a loss of $1.9 billion in the first eight months of this year mainly because of fuel subsidy spending, it said in a publication that seeks to bring transparency to the organisation.