Ethiopia's Hopes of Oil Find Dashed

Updated: Mon 12 Jan, 04:27 am

Tullow Oil, the British company tasked with exploring for oil in the country, has confirmed it has been unsuccessful in its search. read more »

Oil Price Drop Deepens Nigeria Economy Concerns

Updated: Fri 14 Nov, 05:00 am

Falling international oil prices are eroding Nigeria's external reserves, according to figures from the Central Bank of Nigeria. The country's Independent Petroleum Marketers Association said local … read more »

Nigerian Govt Reduces Fuel Price

Updated: Tue 20 Jan, 01:47 am

The Minister of Petroleum Resources, Diezani Alison-Madueke, has said the reduction in fuel price was necessitated by the reduction in crude oil prices in the international market. read more »