The World Bank said it expects the Nigerian economy to contract by 3.2%, 0.2% less than the Federal Government’s projection. The development bank in its Flagship...
Oil prices rose to their highest level since October on Tuesday as the market planned a potential output cut led by producer cartel OPEC. International Brent...
Tumbling crude oil prices—with some analysts expecting the price per barrel to hover for some time around $30—is the gravest handicap Nigerians have faced in a...
Nigeria’s economy may be heading for trouble, as oil price crashed even lower at the weekend, thereby threatening the 2015 budget and fiscal plan. The international...
by Chukwu Obi Angolan state-owned oil company, Sonangol, has placed 15 of its oil blocks up for auctioning as the southern Africa nation struggles with drop...
As the Organisation of Petroleum Exporting Countries (OPEC) refuses to cut crude oil production, coupled with the shale oil boom in the United States, the glut...
