Equatorial Guinea

Nigeria vows to exceed $5bn capital base for Africa Energy Bank if located in Abuja

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The Nigerian government has pledged to surpass the $5 billion initial capital base target for the Africa Energy Bank, contingent upon the bank establishing its headquarters in Nigeria. This commitment was articulated by Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil), during a dinner event for heads of mission from member states of the … Read more

Nigeria’s oil output increases by 7.7% – OPEC

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Oil worker

Nigeria’s oil production increased month over month (MoM) by 7.7% to 1.4 million barrels per day (bpd) in December 2023 from 1.3 million bpd in November 2023. This was revealed by the Organization of Petroleum Exporting Countries (OPEC) in its Monthly Oil Market Reports (MOMRs). OPEC also said that the figures were derived from secondary … Read more