An offshore rig exploring possible oil and gas fields off Nigeria’s coast for Chevron Corporation caught fire on Monday, and the oil company said officials were still trying to account for all those working there. Chevron said two workers were … read more
Nigeria’s oil minister, Deziani Allison-Madueke, has set up a committee to speed up the passing of an oil law meant to completely overhaul Africa’s biggest energy industry, her permanent secretary said in a statement on Monday. The Petroleum Industry Bill, … read more
After a week-long strike called by labour and backed by civil society, Nigerians and indeed the economy are the worse for it, as losses arising from the shutting down of the business are estimated at several billions of naira. Labour … read more
Oil traders face lower profits or potential losses as a gasoline glut of around 1 million tonnes builds offshore Nigeria due to a dispute over a cut in petrol subsidies, which labour called off yesterday. Around 30 vessels are now … read more
CNN, on Monday afternoon, demanded explanations from the Nigerian government over the invasion of its Lagos offices by State Security Service (SSS) agents. The agents were said to have forced their way into the offices of the CNN and British … read more
More details are emerging about how the Goodluck Jonathan Presidency misled international figures and experts into endorsing its now controversial removal of subsidy on petrol which initially saw the price per liter rising to N141 with the resulting labour strike … read more
Authorities in northeast Nigeria say members of a radical Muslim sect shot and killed five people in attacks amid continuing sectarian violence. In Maiduguri, the capital of Borno state, Col. Victor Ebhaleme said that two people died when members of … read more
President Goodluck Jonathan has announced an immediate drop in the price of fuel, following a week of strikes and protests. Mr Jonathan said the price would drop by around 30% in recognition of the “hardships being suffered” by people. Nigeria … read more
President Goodluck Jonathan has deployed hundreds of gun-wielding soldiers on the streets of Lagos in a desperate bid to forestall peaceful protests scheduled to continue today. Through reports filed by citizen reporters affiliated with Saharareporters it was gathered that the … read more
“Nigeria is not Animal Farm!” read one placard brandished during days of furious fuel price protests by Nigerians which have combined with a violent Islamist insurgency to move Africa’s top oil producer closer to what many fear may be a … read more