OPEC+ extends output cut deal, Nigeria to compensate for overproduction
The Organisation of Petroleum Exporting Countries and its allies, led by Russia, have agreed to a one-month extension of their record
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Author: Markets Reporters
Nigeria’s gas flaring reduction initiative faces delay
Nigeria’s efforts to reduce gas flaring have been delayed by at least six weeks due to the new coronavirus outbreak,
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ANALYSIS: Did Tinubu’s opinion influence CBN interest rate decision?
In a surprise move on Thursday, the Central Bank of Nigeria cut its key interest rate, the Monetary Policy Rate,
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11Plc, formerly Mobil Oil, reports 37% profit drop
11Plc, one of the major oil marketing companies in Nigeria, saw its profit after tax plunge by 37 percent for
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Low demand leaves 50 Nigerian oil cargoes unsold
Amid the low crude oil demand caused by the coronavirus-induced lockdowns across the world, about 50 unsold cargoes of Nigerian
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Nigeria can avoid economic recession, says CBN
The Monetary Policy Committee of the Central Bank of Nigeria has said the country can avoid an economic recession this
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CBN cuts interest rate to 12.5%, lowest in four years
The Monetary Policy Committee of the Central Bank of Nigeria has reduced the Monetary Policy Rate by 100 basis points
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Dangote Cement’s total debt hits N393bn
Dangote Cement Plc, Africa’s biggest cement producer, has increased its total debt to N393 billion following the recent completion of
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Buhari pushes ahead with Nigeria-Siemens electricity deal
Close to a year after the Nigerian government signed a deal with Siemens AG, President Muhammadu Buhari has approved the
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Nigeria set to unveil 200,000-capacity yam storage facility
The Federal Government has said it will inaugurate a 200,000-capacity yam storage facility for micro, small and medium enterprises in
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