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Wed,22Nov2017

Niger Delta

Niger Delta militants call ceasefire after weekend losses

File photo©George Osodi/AP/SIPAA Nigerian militant group has announced a unilateral ceasefire in the Niger Delta after government forces killed five of its fighters and arrested 23 at the weekend.

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Energy: Nigeria slump hits $1bn Transcorp power investment

File photo©Andy Wong/AP/SIPANigeria's investment conglomerate Transnational Corp. has shelved plans to build a $1bn gas-fired power plant blaming fuel shortages and a lack of finance caused by the country's economic downturn.

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Nigeria pipeline attacks raise fresh tension in Delta

File photo©GEORGE OSODI/AP/SIPAMilitants attacked an oil pipeline outside the town of Odimodi in Nigeria's south over the weekend, as a rebel group cancelled a plan to declare the region an independent republic starting on Monday.

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No need to panic about Nigeria sliding into recession

Nigeria's Finance Minister Kemi Adeosun speaks at a news conference in Lagos, Nigeria, April 9, 2016. Photo©Reuters/Akintunde AkinleyeNigeria will face only a short recession if its economy shrinks again in the second quarter, because removing fuel subsidies and implementing policies to reduce dependency on oil will pay off, Finance Minister Kemi Adeosun said on Thursday.

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Nigerian militants say they blew up oil facilities near Warri

An old oil installation is seen in the creek in Oporoza, Bayelsa state, Nigeria. Photo©ReutersNigerian militant group the Niger Delta Avengers said on Tuesday it had blown up a Chevron well and oil pipelines near the city of Warri in the country's southern oil hub.

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Chevron affected by Niger Delta attacks

File photo©ReutersThe Niger Delta Avengers, in the early hours of 1 June, blew up two oil wells located at Dibi in Warri South West local government area of Delta State.

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Nigeria: Ex-militants, MEND call for end to Niger Delta pipeline attacks

MEND, the defunct group of former militants, previously targeted Nigeria's oil-rich region. Photo©George Osodi/AP/SIPAFormer militants have called for a halt to a resurgence of attacks on oil and gas facilities in Nigeria's Niger Delta, saying it is an unnecessary distraction for President Muhammadu Buhari's administration.

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Nigeria: ENI gas pipeline in Niger Delta attacked

Unknown attackers have blown up a gas pipeline belonging to Italy's ENI in Nigeria's Niger Delta, residents and the company said on Wednesday, the latest in a string of attacks on oil and gas facilities in the impoverished region.

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Security: A new war against Boko Haram

In Baga today a few hundred former residents have returned to try to rebuild their lives. Photo©STR/AFPNigeria's President Muhammadu Buhari and his military chiefs have announced a new army division in the north to protect the former rebel-held areas, but the regional fight is not yet won.

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Oil & Gas: Nigeria stops crude flows to two refineries after attacks

File photo©ReutersNigeria's state oil company has shut down crude oil flows to two of its four refineries after weekend attacks on pipelines, a company spokesman said on Monday, frustrating government hopes to start weaning the country from expensive imports.

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Cameroon's new wells, new gas and rising production

Victoria Oil & gas completed its pipelines to Bassa and logbaba power plants in March 2015. Photo©Victoria oil and GasPlans are afoot for a new oil refinery and a floating natural gas plant, but operators still worry about low oil prices and conflict in Cameroon's northern regions.

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Nigeria’s high-tension vote

Photo©Bulent Kilic/AFP/Isaac Emokpae@IEP/Youtopia/Mark Chilvers for TARThe big risks will not stop on election day, and that is prompting some bold thinking in Nigeria.

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Nigeria: High stakes in key states vote

Lagos’s Babatunde Fashola (right, with Goodluck Jonathan) must name a successor. Photo©Akintunde Akinleye/ReutersAs partisan, personal and religious rivalries grow, the two main parties are heading towards state elections that will be as closely fought as the presidential vote.

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Nigeria gets first ever settlement for Niger Delta oil spill

Photo©ReutersVictims of oil spills in Nigeria's Niger Delta have been offered $84 million compensation by oil giant Royal Dutch Shell.

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Nigeria: Goodluck Jonathan faces former military ruler Mohammadu Buhari

Nigeria's Goodluck Jonathan will face former military ruler Mohammadu Buhari in next year's presidential elections in a repeat of the 2011 contest.

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Nigeria: Lawmakers want Shell to pay $4bn for 2011 oil spill

The decision taken by Nigeria's parliament is non-binding. Photo©ReutersNigeria's National Assembly said on Wednesday oil major Shell should pay $3.96 billion for a 2011 spill at its offshore Bonga oilfield in the latest assessment of damage to the environment.

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Oil and Gas: Local firms replace majors in Nigeria's Delta

Oando’s July acquisition makes it the top dog of indigenous producers. Photo©Oando PlcAs multinationals lose their stomach for the fractious onshore fields in the Niger Delta, indigenous companies are increasing their footprints.

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Nigeria's game of thrones

Photo© Afolabi Sotunde/Reuters/Photo Montage: Christian Kasongo for TARVeteran politicians regard national elections as monumental, epoch-changing events, often reaching into history for parallels such as power struggles in the Yoruba kingdoms or Shakespeare's history plays. This time they are not exaggerating, judging by the build up to the Nigerian elections due next February.

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Nigeria: What happens after the elections in 2015?

Nigerians are bracing for three possible scenarios as the west African country gets ready to hit the polls in February 2015.

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Banking and Energy: Nigeria's power progress is sustainable

John Obi, Executive Director of corporate banking, Fidelity BankNigeria's Fidelity Bank (#34 in our rankings) dedicates more than 26% of its loans to the power, oil and gas sectors combined. As Shell[Petroleum Development Company of Nigeria] divest some of their assets in the Niger Delta, John obi, Executive Director of corporate banking at Fidelity Bank says the bank is supporting Nigerians to be able to acquire assets and their work on those assets.

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