Extractive 360
NEWS
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853Nigeria Lose $104bn To Non-implementation of Deep Offshore Contract Act
Over $104 billion have been lost by the Nigerian Government for its refusal to implement the Deep Offshore and Inland Basin Production...
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1.4KAddo-Kufuor: Africa Must Prevent Mining Communities From Becoming ‘Ghost Towns’
Kwame Addo-Kufuor, President, ECOWAS Federation of Chambers of Mines, has called on African governments and mining companies to ensure the establishment of...
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883U.S. Legal Threat Prompts Change At OPEC
OPEC has urged its members not to mention oil prices when discussing policy in a break from the past, as the oil...
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1.2KAqualis Completes Mooring Of Total’s Egina FPSO Station
Aqualis Offshore has completed its position keeping role for the Egina FPSO, which is now safely moored offshore Nigeria. Its team of...
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1.3KNNPC: $1.05bn Fuel Support Fund Jointly Managed With CBN, Others
The Nigerian National Petroleum Corporation (NNPC) has disclaimed the insinuation that it has in its custody $3.5 billion Subsidy fund. This comes...
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807Miners Yet To Benefit From FG’s N30bn Intervention Fund
Small and artisanal miners are yet to benefit from a federal government intervention fund warehoused with the Bank of industry (BOI), Shehu...
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1.2KPetrol Subsidy: Nigerian Govt Owe Oil Marketers N130bn Arrears
The Nigerian government presently owes oil marketers an arrears of N130.7 billion covering a four year period the group has said. Chairman...
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827Nigeria Pushing The Frontiers For Mining Sector Devt, Minister Says
The Minister of State for Mines and Steel Development, Abubakar Bawa Bwari, says Nigeria is aggressively pushing the frontiers for the development...
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810Nigeria To Sell Ajaokuta Steel Company, Other Assets To Fund 2018 Budget
The Federal Government is ready to offer more of its assets for sale soon, under the ongoing privatisation programme aimed at raising...
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829IEA Urges OPEC To Boost Output As Oil Market Enters ‘Red Zone’
The International Energy Agency made a direct appeal to OPEC and other major oil producers to boost output, warning that high prices...