GCF

GCF second replenishment meeting reaches agreement on key decisions, selects Paris for Pledging conference.

Hosted by the Canadian Ministry of International Development and Global Affairs Canada, GCF’s second replenishment consultation meeting brought together 27 potential contributors and eight Board members to discuss key issues on the Green Climate Fund (GCF) replenishment in the context of urgent global climate action. The meeting was facilitated by Johannes Linn. The Deputy Minister […]

Overview of Niger Delta

Oil theft cost Nigeria 22 million barrels in first half -NNPC

LAGOS (Reuters) – Nigeria lost as much as 22 million barrels of oil to theft in the first half of this year, a problem that is a threat to the country’s economy, state oil company NNPC said. The stolen oil amounts to more than 120,000 barrels per day (bpd), or roughly 6% of Nigeria’s nearly […]

C

Petroleum prices increased as OMCs apply revised energy sector levies

Prices of various petroleum products have started going up from Monday after the Oil Marketing Companies (OMCs) were directed by the National Petroleum Authority (NPA) to start applying revised Energy Sector Levies. The NPA’s directive is as announced in the Supplementary Budget presented by the Finance Minister, Ken Ofori-Attah. Based on the revision petrol would witness […]