In a bid to curb the raging inflation in Nigeria, the NNPC Ltd has sought the support of Afrexim Bank through a US$3bn Emergency Crude Repayment Loan
Prospects of NNPC-Afrexim Bank crude loan agreement continues to be disputed
Exploration
UNOC, Petroleum Authority of Uganda organise engagement activities with cultural institutions
The Katikkiro of Buganda, Charles Peter Mayiga, has explicitly expressed his unwavering support for Uganda’s oil and gas projects, countering the discouragement some have expressed regarding oil production in Uganda
Seplat Energy initiates rescue mission following rig accident
In an unfortunate development in Nigeria, one person died and three other went missing following the collapse of a drilling rig
Exploration expenditure set to bounce back: Wood Mackenzie
Spending on exploration (excluding appraisal) will recover from historic lows to average US$22bn per annum in real terms over the next five years, according to a new report from Wood Mackenzie, although it is unlikely to reach past highs
Will scrapping fuel subsidy take pressure off Nigeria's inflation?
S&P Global Ratings revised Nigerias credit outlook to stable from negative and affirmed the countrys B-credit rating
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