News
Niger, China sign crude oil MOU worth $400m, says Niger state TV
Niger has signed a memorandum of understanding with Chinese state-owned oil giant China National Petroleum Corp (CNPC) worth $400 million linked to the sale of crude oil from its Agadem oilfield, Niger state television RTN reported late on Friday. RTN did not provide details on the agreement. Niger’s military authorities and CNPC could not be reached for comment. “China is a great friend to Niger; we can never say it enough,” Prime Minister and Minister of Economy and Finance Ali Mahaman Lamine Zeine said at the signing ceremony, which was broadcast by RTN. “This signature demonstrates the friendship … and fruitful cooperation between the two states,” Chinese ambassador Jiang Feng said.
An export pipeline project backed by CNPC subsidiary PetroChinawas officially launched last November, linking the Agadem oilfield to the port of Cotonou in neighbouring Benin. Previously, the West African country had a small oil refinery with capacity of around 20,000 bpd that mostly supplies Niger’s domestic fuel market.
-
Economy2 days agoITC, Access Bank partner to boost small business growth across 14 African countries
-
News2 days agoFG not withdrawing electricity subsidy-Power Minister
-
Finance23 hours agoAFC supports successful close of ₦729bn series 2 Bonds to advance Nigeria’s power sector reforms
-
Economy2 days agoGlobal economy to stabilize, but fiscal constraints, rising living costs, AI investment uncertainty threatens growth—WEF
-
Finance2 days agoECB, EU central banks suggest dropping stablecoin deposits rule
-
Finance2 days agoCBN reduces MPR to 23%, CPPE lower interest rates alone cannot deliver sustainable economic recovery
-
Finance23 hours ago94.2m Nigerians use financial products, formal inclusion hits 73% — EFInA
-
News23 hours agoNigeria ranks bottom in Africa as only 12% approve of electricity performance—Report