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OIL AND GAS NEWS
New and analysis from Nigeria's oil and gas sector.
Banks with exposure to power and oil companies are also expected to suffer a little more. Loans sourced in foreign currency have practically doubled within a year on devaluation while revenue has dried up. Avengers are winning, let’s be a little bit humble.
Things appear to be going from bad to worse in Nigeria's power sector. Just last week, a Federal...
Nigerians Banks are at risk of losing about $3 billion in Loans to the power sector
The Buhari led government has been hit hard my militant attacks in the past few months negatively impacting...
On May 11 2016, the Minister of State for Petroleum Dr Ibe Kachikwu announced an increase in the...
The General Manager, External Relations of the Nigeria Liquefied Natural Gas, Dr. Kudo Eresia-Eke has disclosed the reasons...
"As a result of the significant devaluation of the Nigerian Naira to the U.S. dollar in 2015, we have moved a significant portion of our capex from U.S. dollars to naira,"
The CBN has been accused of late of basically worsening Nigeria's currency position as it refused to devalue...
Oil prices continued their climb on Tuesday, hitting eight-month highs, as expectations of U.S. crude draws underpinned a...
The U.S State Energy Information Administration (EIA) has disclosed that Nigeria remained one of the top five gas...