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NJ Ayuk - Orient Energy Review

What Happens to African Energy Industry if Western Lenders Cut Off...

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A little more than a year ago, in November 2019, the European Investment Bank (EIB) declared its intention to phase out funding for fossil...
‘Nigeria May Lose N1.2trn Oil Revenue to Non-Compliance to Fiscal Incentive Package’

‘Nigeria May Lose N1.2trn Oil Revenue to Non-Compliance to Fiscal Incentive...

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Nigeria might have lost over N1.2 trillion in oil revenue following the alleged breach of the 2000/2001 fiscal incentive package conditions by SINOPEC-ADDAX. Senator Gershom...
Anyala-Madu Fields’ 60,000 bpd Potential to Boost Nigeria’s Oil Revenue

Anyala-Madu Fields’ 60,000 bpd Potential to Boost Nigeria’s Oil Revenue

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Nigerian National Petroleum Corporation (NNPC) and indigenous producer First E&P have confirmed that oil production from Nigeria's Anyala West field, located in the shallow...
Less Than 40% of Nigeria’s Oil Pipelines Operational – NNPC

COVID-19: Nigeria Lost Over N1.06trn in Oil Revenue

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Nigeria National Petroleum Corporation (NNPC) has confirmed that the country's oil revenue target declined by N1.06 trillion due to the impact of the COVID-19...
Oil Price Slips as New Coronavirus Strain Spreads

Nigeria Shifting Dependence on Oil Revenue, Plans 50 Mines Before 2023

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Nigeria, Africa’s largest oil producer, has said that it is banking on revenue from the mining sector in a new diversification plan which will...
Africa Development Bank

AfDB’s NORMA project nets South Sudan 14.2 million non-oil revenue for...

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Peace Obi South Sudan, an African country whose economy is heavily dependent on oil revenue has made a remarkable achievement in its effort to diversify...