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Nigeria

Nigerian oil exports at their lowest level in 25 years due to oil theft

Nigeria loses 470,000 barrels per day (bpd) of crude oil, equating to $700m monthly, due to oil theft, the Nigerian National Petroleum Company (NNPC)...

Nigeria launches energy transition plan, including doubling of gas

Nigeria seeks international funders for a $10bn jumpstart to its energy transition plan, which includes solar expansion and a doubling of gas power generation. The...

Lekki Port: A Union of Economic Giants

Since China started to implement the BRI (Belt and Road Initiative) back in 2013, it has gained considerable access to strategic infrastructure in developing...

Oil Tanker Detained After Nigerian Navy Says It ‘Resisted Arrest’

Equatorial Guinea has detained an oil tanker capable of carrying 2 million barrels after it attempted to load in Nigeria without proper paperwork, both...

Nigerian Navy Arrested Motor Tanker After It Raised Fake Pirate Attack Alarm

The Nigerian Navy, popular as NN, welcomed the arrest of MT HEROIC IDUN after it resisted initial arrest by the NN by claiming that...

Nigeria to unlock untapped deepwater resources with oil majors

In a move to bring new investments into the oil and gas sector and boost production by tapping into Nigeria’s deepwater hydrocarbon potential, the...

CMA CGM Group & Lekki Port LFTZ Enterprise Sign MoA to Operate Lekki Port’s Future Container Terminal (Nigeria)

  The CMA CGM Group, a world leader in maritime transport, and Lekki Port LFTZ Enterprise (LPLE), the promoters of Lekki Deep Sea Port, are...

NPA may grant 30% tariff relief on shipments to eastern ports

The Nigerian Ports Authority (NPA) has indicated its intention to increase tariff relief by as much as 30 percent for service providers, as part...

All dry ports to be designated as ports of origin in Nigeria

Nigeria’s Federal Ministry of Transportation is in the process of designating all dry ports to be port of origin and destination, according to the...

Nigeria’s Lekki Deep Sea Port to start operations by year-end

Nigeria’s multipurpose Lekki Deep Sea Port is 95.65% complete, with construction slated for completion by September 2022, the company said. “The wait to behold a...
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