Nigeria was confronted with the prospect of double jeopardy monday, when Anglo-Dutch oil multinational, Shell, confirmed that suspected militants believed to be from the Niger Delta attacked its Trans Ramos Pipeline (TRP) in Delta State on Saturday night.
This came...
The Presidency says President Muhammadu Buhari has been fair to all Nigerians irrespective of their ethnicity or religion since he came to office.
It said this was demonstrated by the composition of President Buhari’s cabinet as well as his administration’s...
The naira dropped to 382 against the United States dollar at the parallel market on Monday, down from the 380 it closed on Friday.
The local currency had hovered between 375 and 380 against the greenback last week.
The naira has...
The country’s earnings from crude oil export have continued to fall, as latest data from the Central Bank of Nigeria showed that the volume of crude export dropped by 10.23 million barrels in the month of May.
At the official...
The nation’s external reserves fell marginally to $26.20bn on July 28, down from $26.32 on July 22, data from the Central Bank of Nigeria’s website showed on Monday.
Month-on-month, the reserves fell by 0.4 per cent from the $26.34bn recorded...
Global oil benchmark, Brent crude, fell by over three per cent on Monday to around $42 per barrel amid worries about growing glut in the market.
A Reuters survey last Friday found that output from the Organisation of Petroleum Exporting...
