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Attacks on oil installations is costing Nigeria $2.4M a day

2016-01-20 00:18:33| Energy - Topix.net

LAGOS, Nigeria - Multiple attacks on strategic oil and gas installations is costing Nigeria $2.4 million daily, a Cabinet minister said Tuesday as the military launched a manhunt for a militant and warned it will hold community leaders responsible for the "economic sabotage." The attacks began Friday in the southern Niger Delta after a court issued an arrest warrant for former warlord Government "Tompolo" Ekpemupolo in connection with $17.4 million that has gone missing from government coffers.

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Attacks on oil installations is costing Nigeria $2.4M a day

2016-01-20 00:13:09| Oil & Gas - Topix.net

LAGOS, Nigeria -- Multiple attacks on strategic oil and gas installations is costing Nigeria $2.4 million daily, a Cabinet minister said Tuesday as the military launched a manhunt for a militant and warned it will hold community leaders responsible for the "economic sabotage." The attacks began Friday in the southern Niger Delta after a court issued an arrest warrant for former warlord Government "Tompolo" Ekpemupolo in connection with $17.4 million that has gone missing from government coffers.

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Nigeria budgets for low oil prices

2015-12-22 15:54:31| BBC News | Business | UK Edition

Nigeria's president announces plans to raise spending by 20% next year by borrowing heavily amid falling oil prices

Tags: low prices oil nigeria

 

Shell to face Nigeria oil spill lawsuit

2015-12-18 17:34:58| BBC News | Business | UK Edition

A Dutch court has ruled that a judge in the Netherlands should hear a case against Royal Dutch Shell brought by four Nigerian farmers.

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CAGE 2015: Oil price drop heaps pressure on Nigeria - Heineken CEO

2015-03-18 11:53:00| Daily beverage news and comment - from just-drinks.com

Heineken's CEO has warned that falling energy prices pose a danger to beer consumption in Nigeria, the Dutch brewer's second-biggest market by profit contribution.

Tags: price pressure oil drop

 

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