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Libby George

Exclusive: Nigeria in $1.5 billion oil prepay deal with traders Vitol, Matrix

28 Jul 2020

LAGOS/LONDON Nigeria's state oil firm NNPC has signed a $1.5 billion prepayment deal led by Standard Chartered and backed by oil traders Vitol Group and Matrix Energy, two sources close to the matter said, the first such agreement since the coronavirus pandemic.

EXCLUSIVE-Nigeria in $1.5 bln oil prepay deal with traders Vitol, Matrix

28 Jul 2020

LAGOS/LONDON, July 28 Nigeria's state oil firm NNPC has signed a $1.5 billion prepayment deal led by Standard Chartered and backed by oil traders Vitol Group and Matrix Energy, two sources close to the matter said, the first such agreement since the coronavirus pandemic.

Nigerian virus hunters run hard race against COVID-19’s spread

14 Jul 2020

LAGOS/ABUJA Early one evening, Folasade Fadare and her team of four disease hunters piled into a van and headed for Okegun, a rural community down a narrow potholed road in eastern Lagos state. | Video

Nigeria in court battle to overturn $10 billion arbitration award

14 Jul 2020

LAGOS The Nigerian government has uncovered previously unknown payments to the daughter of a Nigerian official, its lawyer told a court on Monday, in its latest attempt to overturn an arbitration award against it worth close to $10 billion.

UPDATE 1-Nigeria in court battle to overturn $10 bln arbitration award

14 Jul 2020

LAGOS, July 13 The Nigerian government has uncovered previously unknown payments to the daughter of a Nigerian official, its lawyer told a court on Monday, in its latest attempt to overturn an arbitration award against it worth close to $10 billion.

Nigeria in court battle to overturn $10bln arbitration award

13 Jul 2020

LAGOS, July 13 The Nigerian government has uncovered previously unknown payments to the daughter of a Nigerian official, its lawyer told a court on Monday, in its latest attempt to overturn an arbitration award against it worth close to $10 billion.

Nigeria's daily oil output overfull OPEC+ deal -Kyari

12 Jun 2020

LAGOS Nigeria's current daily oil production overcomplies with its promised cuts under an agreement among major oil producers, the head of the state oil company said on Friday.

UPDATE 2-Nigeria's daily oil output overfull OPEC+ deal -Kyari

12 Jun 2020

LAGOS, June 12 Nigeria's current daily oil production overcomplies with its promised cuts under an agreement among major oil producers, the head of the state oil company said on Friday.

Nigeria's efforts to cut gas flaring delayed by coronavirus restrictions

03 Jun 2020

LAGOS, June 3 Nigeria's efforts to cut its flared gas have been delayed by at least 6 weeks due to the new coronavirus outbreak, the petroleum regulator said on Wednesday.

UPDATE 1-Nigeria launches licensing round for marginal oilfields

01 Jun 2020

LAGOS, June 1 Nigeria has launched its first licensing round for marginal oilfields in nearly 20 years, the Department of Petroleum Resources (DPR) said on Monday, despite court rulings last week that barred some of the fields from being auctioned.

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