Declining oil production and export volumes due to militancy and large-scale crude theft cut the Nigerian government’s gross revenue in September by about 12% from August to Naira 279.75 billion Continue Reading
Official selling prices lowered for all published grades Nigeria seeking to regain market share lost during attacks Nigeria cut the price of every type of crude it sells in an Continue Reading
Nigeria, other states withholding payments to foreign airlines CEO says ‘not a good idea’ to carry on serving offender states Persian Gulf airline Emirates said it could scrap flights to Continue Reading
Inflation rate rose to 17.9% from 17.6% the previous month Interest rates kept at nine-year high of 14% in October Nigerian inflation accelerated for the 11th consecutive month in September Continue Reading
Nigeria has filed a law suit against Eni, Chevron, Shell, Total and Petrobras accusing the oil majors of $12.7 billion in illegal oil exports. Per the Associated Press, these companies Continue Reading
Nigerian banks all face a varying degree of uncertainty moving forward through the era of lower crude oil prices. Photo by vanhurck/Shutterstock The ability of Nigerian banks to face economic Continue Reading
The Minister of State for Petroleum, Ibe Kachikwu, has revealed that the country is close to securing a U.S.$4 billion loan from China. Nigeria says it expects to get as Continue Reading
Nigeria says it expects to get as much as $4 billion in investment facilities for oil industry infrastructure as a 40-member Chinese investment team arrives the country at the end Continue Reading
Nigerian military forces OPEC may have given Nigeria a pass on the output cuts expected to be divvied out officially at the close of November, but it’s D-Day for the Continue Reading
The Nigerian government is demanding $406.75 million minimum from Shell Petroleum Development Company of Nigeria Limited and its surrogate Shell Western Supply & Trading Limited over alleged crude oil theft. Continue Reading
