Investment in the oil and gas industry will see a tentative recovery in 2017 after an “unprecedented contraction” in 2016 and 2015 in face of stubbornly low energy prices, the International Energy Agency said in a report on Tuesday. The IEA said upstream oil and gas investment — such as in exploration and production facilities…
Minister of state for petroleum Emmanuel Kachikwu during a Bloomberg Television interview from Rome, predicted that the price of crude oil currently floating around $55 since December will sooner or later increase by $10 due to OPEC measures to curb insider dealing. He also said over the next few months the effect of the measures…
The CBN conducted a special foreign exchange auction for backlog of demand by fuel importers. The apex bank of Nigeria has asked banks to submit bids for a “special currency auction” for PMS importers to offset the backlog of dollar demand by importers of fuel . It is a known fact that Nigeria consumes 4.5…
