The Nigerian National Petroleum Corporation in its National Petrol Evacuation Report revealed that as at present, Nigeria approximately 977.31 millions litres of Petrol in both its land and marine depots. According to the report, the reserve is sufficient to last the country for about three weeks. NNPC noted that 914 truckloads of petrol was sent to petrol stations throughout country. It added...

The President of Nigeria, Muhammed Buhari, on Friday announced that 100 of people including a journalist were killed in an explosion at a gas plant in the city of Nnewi, in Anambra State, southern Nigeria. According to residents, the tanker truck exploded outside an industrial plant, resulting in the death of dozens of people who had lined up to refill their gas. The President through his...

Senegal’ government and Chinese group China Railway Construction Corporation International signed on December 23, 2015, an agreement for the rehabilitation of the Dakar-Kidira railway. Global cost for the project is FCFA754 billion ($1.25 billion), Minister of infrastructures and terrestrial transport, Mansour Elimane Kane, revealed.   Financing will be provided through a Chinese loan...

The Western Cape Province in South Africa just approved an aid scheme which aims to help farmers whose activities are being hampered by the current drought. According to economy district minister, Alan Winde, this decision will benefit the most affected regions that could lose up to 60% of their yield. This emergency aid is a direct measure which will precede any similar decision to be taken at...

The Government of Israel has signaled the green light for the commencement of export of natural gas to Egypt. This represents a further enhancement in relations between the two countries, which have been in dispute over energy supplies. Israel’s Energy Minister Yuval Steinitz in a statement on Thursday, said the country has the capability to sell 5 Bcm of gas to Egypt for the next 7 years from...

Canal+, French prepaid TV operator, and iROKO, online distributor of African audiovisual content, targeting a market of 250 million Africans, are currently working together to bring up a new mobile Video On Demand (VOD) service. The two operators intend to offer a mobile application through which will be accessed movies, series, and telenovelas. This application will be available only an...

The Ghanaian parliament on December 23, 2015, approved the issuance in 2016 of another Eurobond of up to $1 billion which will be injected in the budget and the country’s debt. The issuance was green-lit by most deputies despite members of opposition refusing Ghana to rely once again on international debt market especially considering the present context whereby American interest rates...

The Kaduna Refining and Petrochemical Company has commenced regular production of 3.2 million litres of petrol, Group General Manager, Group Public Affairs Division, NNPC revealed on Wednesday. Ohi Alegbe in a statement, said that the company’s plant commenced production with an initial petrol output of approximately 1.5 million litres, thereby boosting its daily output to 3.2 million...

The upcoming 4th East African Oil and Gas Summit is to be held in Nairobi from February 10 to 12 2016, the Citizen reports. This next oil and gas summit is being held based on the success of the previous one which according to its organizers witnessed in attendance over 2,300 participants from 380 companies around the world and gained vital insight into likely projects and newest...

In Nigeria, the Minister of Finance, Kemi Adeosun, has confirmed the directive for the direct termination of the tendering process for the appointment of pre-shipment inspection (PSI) and monitoring agents for oil and gas by the Federal Government. According to the Minister’s media aide, Mashall Gundu, in a statement, the verdict was compelled by the receipt of several complaints as well as a...