Nigeria to Increase Petrol Price, Considering Privatisation
Wednesday, 6th April 2016
Nigeria would review the price of Premium Motor Spirit –PMS, also known as petrol– in May, while Minister of State for Petroleum Resources hinted on a possible privatisation of the sector as lasting solution to its funding crisis
Nigeria Breaks Up National Oil Company Into 7 Units
Wednesday, 9th March 2016
The Nigerian National Petroleum Corporation, NNPC, has been unbundled into seven independent operational units by President Muhammadu Buhari, in attempt to restructure the company trying to recover its financial losses recorded over the last decade.
Nigeria to Restructure State Oil Giant to Make it Profitable
Sunday, 6th March 2016
Nigeria is set to split its giant state-run National Oil Company into 7 independent units -before it was said the split would be into 30 units– in an effort to improve efficiency in the wake of the oil price crash.