Nigeria’s crude oil dynamics
Nigeria and Libya's increased oil production is adding to the volume of light, sweet crude looking for buyers, as Nigeria's August loading program shows 40 unsold cargoes.…
Nigerian economy projected to expand in 2017
According to BMI Research's recent report titled, outlook for Nigeria's economy, improved oil production, higher oil prices, and greater exchange rate flexibility will all contribute to a return to positive real GDP…
CBN to meet bureau de change operators on forex stability
Nigeria's Central Bank plans to meet bureau de change operators today to explore ways to eliminate the gap between the official and parallel market dollar rates.…
Nigeria recession deepens
A fall in Nigeria's oil production and biting foreign exchange shortages saw Nigeria's third quarter Gross Domestic Product contract further by 2.24 per cent.…
OPEC reopens talks without Iran, Iraq
OPEC meets leading oil independent Russia for output talks later on Thursday, but two of the cartel's senior members are not going to be there.…
Kachikwu sees no impact for OPEC freeze
Nigeria Minister of State of Petroleum Emmanuel Kachikwu talks about proposals to limit oil output, his nation's ability to freeze production, and attacks by militants on Nigeria's oil infrastructure.…
S&P speaks on Nigeria’s downgrade status
Standard and Poor's global ratings downgraded Nigeria further into junk status, citing a marked contraction in oil production, a restrictive foreign exchange policy and delayed fiscal stimulus.…
Oil dips as Iran, Nigeria dent OPEC’s freeze plan
In today's 'Futures in Focus,' Chris Gersch of Bell Curve Capital and Bloomberg's Alix Steel examine increased oil production in Iran and Nigeria and a drop in copper futures.…