An oil production and storage vessel exploded off the coast of Nigeria early on Wednesday (February 2) with 10 crew members on board though it was unclear if there were any casualties or how much crude might have spilled into the sea.
6 Jul 2017
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.
15 May 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 growth in Nigeria in 2017.
10 Jan 2017
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.