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 »

Kenya: Oil Company Urged Not to Cut Budget

Updated: Mon 23 Feb, 12:44 am

Oil and gas firms have been asked to take advantage of the falling prices to channel their budgets to exploration drilling. read more »

Russian Firm Wins Oil Deal in Uganda

Updated: Thu 19 Feb, 12:21 am

The decision to award the contract strengthens the growing ties between Kampala and Moscow. read more »