IMF Tells Nigeria to Stop Wasting Their Oil Money

The International Monetary Fund has told Nigeria's government to be cautious with its oil money. The IMF has urged the country's federal government to come up with policies to save as much funds as possible and avoid undue increase in government spending.
  • Nigeria:  Don't Waste Your Oil Money, IMF Warns Govt

    Vanguard, 2 November 2012

    THE International Monetary Fund, IMF, yesterday, cautioned Nigeria against expansionary fiscal policies, given the uncertainty that still pervades the global economic scene just as ... read more »

Photo: Vanguard

Oil Spill in Nigeria

  • Nigeria:  Reform to Impact Positively On Oil, Gas Firms - SEC

    Leadership, 2 November 2012

    The ongoing reform in the oil and gas sector will impact positively on energy companies quoted on the Nigerian Stock Exchange, the Securities and Exchange Commission has said. read more »

  • Nigeria:  High Oil Benchmark Worries Okonjo-Iweala

    Leadership, 2 November 2012

    The Coordinating Minister of the Economy and the Finance Minister Dr Ngozi Okonjo-Iweala has laid more credence to the $75 oil benchmark proposed in the 2013 budget presented by ... read more »

  • Nigeria:  Nigerian Company to Explore Oil in Niger

    Daily Trust, 2 November 2012

    Niger Republic has given a Nigerian oil company, Serious Resource Energy, license to explore oil in the country. read more »

  • Nigeria:  Dangote Cement, Forte Oil, Seven-Up Declare Results

    This Day, 2 November 2012

    Dangote Cement Plc, Forte Oil Plc and Seven-Up Bottling Company Plc Thursday announced their unaudited financial results on the trading floor of the Nigerian Stock Exchange (NSE). read more »

  • Nigeria:  Navy, NIMASA Renew Fight Against Piracy and Oil Theft

    This Day, 2 November 2012

    The Nigerian Navy (NN) and the Nigerian Maritime Administration and Safety Agency (NIMASA) have reiterated their resolve to fight against piracy and oil theft in the country. read more »

  • Nigeria:  IMF - Economic Diversification Is the Way Forward for Nigeria

    This Day, 2 November 2012

    The International Monetary Fund (IMF) said the time is ripe for Nigeria to aggressively pursue the diversification of the economy so as to make the country less vulnerable to ... read more »

  • Nigeria:  Oil Benchmark - IMF Advises Nigeria On Prudent Spending

    Vanguard, 1 November 2012

    The International Monetary Fund (IMF) says the Federal Government needs to curtail spending to avoid putting pressure on the crude oil benchmark. read more »