accountOil Minister Alison Madueke said ... that proposed changes to the oil industry are designed to increase exploration and...
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NIGERIA'S ECONOMY
Nigeria’s economy is struggling to leverage the country’s vast wealth in fossil fuels in order to displace the crushing poverty that affects about 57% of its population. Nigeria’s exports of oil and natural gas have enabled the country to post merchandise trade and current account surpluses in recent years. The largely subsistence agricultural sector has not kept up with rapid population growth, and Nigeria, once a large net exporter of food, now imports some of its food products.
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MasterCard is teaming up with the Nigerian authorities to launch identity cards that will double up as electronic...
Royal Dutch Shell Plc sold its second cargo of North Sea Forties crude in as many days as the differential for the...
Higher commodities, increasing investment and a general pick-up in the world economy should all boost the continent's...
The Supreme Court Wednesday said a centuries-old statute making international law enforceable in U.S. federal court...
Transparency International lists almost three dozen states as more corrupt. But are any of those nations as wealthy as...
Rising incidences of oil theft in Nigeria's oil producing Niger Delta come at a significant environmental cost, Royal...
Nigeria’s oil industry is increasingly a tale of two cities. Behind the high walls of their compounds in Port Harcourt,...
The main rebel group in Nigeria’s oil-rich Niger River delta said it’s resuming assaults on Africa’s biggest petroleum...
THE Nigerian Stock Exchange (NSE), Wednesday, unfo...
Nigeria’s Zenith Bank is to launch an $850m listing on the London Stock Exchange as part of a plan to internationalise...
Nigerian central bank Governor Lamido Sanusi, who rescued the banking industry from near- collapse four years ago, said...
The size of damages awarded has yet to be decided, but the ruling is an apparent victory for the oil giant.
Nigeria's central bank has urged the government to pass the long-delayed petroleum industry bill aimed at reversing the...
Decades of oil production has failed to bring jobs
Oil industry officials say Nigeria's bid to increase oil production and reserves is now at risk due to the lack of...
Transocean's Sedneth 701 will be assigned to Allied to drill the Oyo well No. 7 between April and August of 2013.
Fifty oil marketers fraudulently collected N232 billion from the Federal Government as fuel subsidy, Finance Minister...
Unless it significantly accelerates reforms and pace of economic growth to cover a gap of about $730 billion.
Presidency ‘helpless’ as contractors frustrate scheme
WORKERS in the petroleum and gas industry have faulted what they called excessive powers accorded the President and...
The report of the task force part of which was cited by Reuters in a news report revealed loses in revenue and...
Nigeria is considering watering down proposed changes to the fiscal regime for international oil companies operating...
There are indications that about 60 per cent of the nation’s population is excluded from the national electricity grid.
The Managing Director and Chief Executive of Nigeria Export Import bank (NEXIM) Mr Robert Orya, has said the bank needs...
Top Sources: Nigeria's Economy
- chairmanking.com
- BusinessWeek
- ngrguardiannews.com
- platts.com
- thisdaylive.com
- thenationonlineng.net
- ft.com
- broadstreetlagos.com
- punchng.com
- Reuters UK
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