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Oil falls below $60— Nigeria safe for now

    Oil falls below $60— Nigeria safe for now

The global crude oil market seems not to have recovered from the fears of another supply glut as West Texas Intermediate (WTI) fell below $60 on Tuesday. Brent crude, the

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Barkindo: Petroleum industry responding to growth not seen in years

    Barkindo: Petroleum industry responding to growth not seen in years

Mohammed Barkindo, secretary general, Organisation of Petroleum Exporting Countries (OPEC), says the petroleum industry is responding to demands not seen in years. He said this in an interview with Bloomberg

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Barkindo discusses oil market stability with emir of Kuwait

    Barkindo discusses oil market stability with emir of Kuwait

Mohammad Barkindo, secretary general of Organization of the Petroleum Exporting Countries (OPEC), met with Sabah Al-Sabah, emir of Kuwait, on Wednesday to discuss oil market stability. Also in attendance were

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Oil prices soar to $67 — highest in over 2 years

    Oil prices soar to $67 — highest in over 2 years
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OPEC records highest level of cut compliance

  OPEC records highest level of cut compliance

The Joint OPEC-Non-OPEC Ministerial Monitoring Committee (JMMC) says compliance with the production cut agreement has hit 122 percent — the

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INTERVIEW: Nigeria has borrowed enough, says FXTM researcher

  INTERVIEW: Nigeria has borrowed enough, says FXTM researcher

Lukman Otunuga, a research analyst at FXTM, says Nigeria has borrowed enough in recent times and could miss the opportunity

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We resisted the word ‘cut’, says Kachikwu on Nigeria’s exemption from OPEC agreement

  We resisted the word ‘cut’, says Kachikwu on Nigeria’s exemption from OPEC agreement

Ibe Kachikwu, minister of state for petroleum resources, says Nigeria has resisted the word “cut” in crude production. He said

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Equities slide ahead of a busy week, oil under the radar

  Equities slide ahead of a busy week, oil under the radar

Despite a record high close on the S&P 500 on Friday, Asian equities edged lower, led by Korean markets. Chinese

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Oil prices hit two-year high amid supply cuts

  Oil prices hit two-year high amid supply cuts

Oil prices are on a two-year high with Brent crude peaking at $60.80 down from $60.91 per barrel on Tuesday.

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Heavy hitters give Nigeria the thumbs up

  Heavy hitters give Nigeria the thumbs up

October was certainly another positive month for the largest economy in Africa, which has yet again showcased its brawn and

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