Yesterday (30 June), oil fell again, pressured by more production in Nigeria and Canada. A Goldman Sachs analyst said that rising Nigerian output would put
Tag: Nigeria
OPEC: Oil Output Falling Short of the Demand
For the first time in three years, the Organization of the Petroleum Exporting Countries (OPEC) said that its current output was falling short of the
Tackling Fraud in Nigeria: Kaduna Governor Fighting Misuse of Fertilizer Subsidies
Nigeria’s Kaduna State Governor, Malam Nasir el-Rufai, has recently flagged off the sales of this year’s branded fertilizer products at N4,000 per bag to farmers
IEA’s Chief Says Oil Prices Depend on Global Growth
The head of the International Energy Agency (IEA), Fatih Birol, said on Sunday (1 May) that crude prices may have reached their lowest, providing that
Tumbling Non-OPEC Supply: Is Rebalancing of the Oil Market Underway?
OPEC, the organization made up of the major petrol-exporting countries, said that there was growing evidence that US production would fall and that there would
Nigeria’s Oil Company Ready to Discuss “Leaks”
Nigeria’s main state-run oil company, the Nigerian National Petroleum Corporation (NNPC), admitted that it had failed to hand over billions of dollars in oil revenues
Nigerian Army Introduced Own Fertilizer Regulation: Small Farmers Most at Risk
The Nigerian Army seized about 135 trucks of fertilizer earlier in February, which belonged to Notore Chemical Limited in Lokoja, Kogi State. The crop nutrient
Nigeria’s State-Run Oil Company Fails to Pay $16Bn to Government
The Nigerian state-run company, the Nigerian National Petroleum Corporation (NNPC), has not paid its $16-billion due payment to the government in a suspected fraud. The
Africa’s Dangote Group to Supply Nigerian Fertilizer Plant
Dangote Group, a Nigerian multinational industrial conglomerate owned by Africa’s richest man Aliko Dangote, announced it was planning to buy phosphate from Morocco to feed
Why Cheap Commodities Jeopardize Democracy and Stability
The current period of falling commodity prices have had far-reaching repercussions on resource-rich developing markets. Since mid-2014, when the price of oil stood approximately at