New to site?


Login

Lost password? (X)

Already have an account?


Signup

(X)
Farooq

News

(Bloomberg) — Kuwait won’t negotiate with oil workers as long as a strike that has pared output in the OPEC nation continues, the acting oil minister said. The government will use all legal ways to guarantee operations and won’t allow any tampering with state facilities, Anas Al Saleh said in an interview on Alrai television. Oil […]

  • Shell

Shell Petroleum Development Company (SPDC) and the Joint Venture (JV) partners remitted $42 billion to the Nigerian Government between 2011 and 2015. Nigeria’s Nation newspaper report on Tuesday said that Royal Dutch Shell’s 2015 Sustainability Report released on Monday stated the oil giant also paid royalties and corporate taxes worth $1.1 billion to the Nigerian […]

Oil prices rose on Tuesday as an oil workers strike in Kuwait nearly halved crude production from the OPEC member, overshadowing bearish sentiment following Sunday’s failure by oil producers to agree to freeze output levels. Thousands of Kuwaiti oil workers downed tools for a third day on Tuesday to protest against planned public sector pay […]

April 19, 2016 At a the conclusion of the 2016 World Bank/IMF Spring meeting in Washington D.C., Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN) spoke at a press conference, saying that the Federal Government of Nigeria is in talks with China concerning the increase of exports to the Asian superpower. According […]

  • gas opportunities

LAGOS, April 19 (Reuters) – Nigeria’s state oil firm NNPC has launched bidding to find partners to overhaul its ailing refineries, it said in a tender published on Tuesday. Africa’s top oil producer has been trying to restart its refineries, which hardly produce any petrol due to decades of mismanagement and widespread graft. Motorists have […]

NAIRA (N) USD ($) EURO (€) GBP (£) BUY/SELL BUY/SELL BUY/SELL 19/4/2016 319/322 355/360 445/450 18/4/2016 317/320 360/365 445/450 15/4/2016 320/323 360/365 445/450 14/4/2016 319/322 358/364 445/450 13/4/2016 319/322 358/364 444/450  

April 18, 2016 The Naira ended the trading day lower against the dollar after a strong start ending at N322 to $1. The Naira opened stronger (trading at N317 to $1) on sentiments over the weekend that dollar supply would increase after details of the Nigeria/China currency swap agreement. However, oil prices crashed after OPEC […]

  • Kachikwu

LAGOS, April 18 (Reuters) – Nigeria called on OPEC members to find a consensus on a freeze on oil production after talks among producers collapsed in Qatar on Sunday, the oil ministry said on Monday. A deal to freeze oil output by OPEC and non-OPEC producers fell apart on Sunday after Saudi Arabia demanded that […]

DOHA, April 18 (Reuters) – A deal to freeze oil output by OPEC and non-OPEC producers fell apart on Sunday, leading to a steep drop in oil prices towards $40 on Monday. Below are the key facts, questions and answers about the meeting: WHAT WERE THE DOHA TALKS TRYING TO ACHIEVE? Some 18 oil nations […]

By Obinna Chima Central Bank of Nigeria (CBN) Governor, Mr. Godwin Ifeanyi Emefiele, has expressed optimism that the agreement reached between Nigeria and China last week on a currency swap will strengthen the naira and help reduce the strong demand for the US dollar in the country. President Muhammadu Buhari last week travelled with a […]