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Nigeria: Nigeria Has No Reason to Be Broke
Vanguard, 19 March 2015
AT creation, God blessed Nigeria. All the necessities of life, He gave to us freely and in abundance - the precious air we breathe; the water we drink; and the expanse of fertile… Read more »
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Nigeria: When Oil Prices Fall
African Arguments, 1 December 2014
When politicians, fund managers and development professionals look to highlight the success of democratic Nigeria, they typically point to one, key statistic: when the military… Read more »
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Nigeria: OPEC Leaves 30MB/D Oil Production Level Unchanged, Resists Pressure From Price Fall
This Day, 27 November 2014
Oil ministers of the Organisation of Petroleum Exporting Countries (OPEC) have agreed to stick to the 30 million barrels per day (mb/d) crude oil production level that was agreed… Read more »
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Nigeria: OPEC Retains Oil Output, Despite Supply Glut
Independent (Lagos), 27 November 2014
After about five hours of talks, representatives of powerful nations in the Organisation of Petroleum Exporting Countries (OPEC) like Saudi Arabia and the United Arab Emirates, on… Read more »
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Nigeria: Opec Agrees to Maintain Oil Output Level
Vanguard, 27 November 2014
OPEC decided here Thursday to maintain its oil output ceiling, Kuwait's oil minister told reporters, despite a global supply glut that has sent crude prices crashing. Read more »
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Nigeria: Oil Prices Hit Four-Year Low Over Opec's Output Sustenance
Guardian, 27 November 2014
THE prices of crude oil has fallen further after the Organisation of Petroleum Exporting Countries (OPEC) decided not to cut output at its meeting in Vienna Thursday. Read more »
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Algeria: Opec to Act So As to Have Consensus Approach, Says Yousfi
Algerie Presse Service, 25 November 2014
The Organization of Petroleum Exporting Countries (OPEC) will act, next Thursday in Vienna (Italy), "in a way to have a consensus approach" that can generate stable solutions to… Read more »
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Premium Times, 27 November 2014
President Goodluck Jonathan, and other officials of his administration, as well as governors and heads of the National Assembly are not letting off any of their conveniences as… Read more »
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Nigeria: Opec Meets Thursday Over Falling Oil Price
Guardian, 26 November 2014
HOW to stem the sliding oil price is expect to top the agenda as the 12-member Organization of the Petroleum Exporting Countries (OPEC) meet in Vienna Thursday. Read more »
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Nigeria: Chizea - Devaluation of the Naira
Guardian, 27 November 2014
Following recent developments with the oil market in the purview of precipitous fall in the price of oil, we have been inundated with comments to the effect that the Naira should… Read more »
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Nigeria: Opec Moves to Stop Oil Price's Fall, Meets Today
Guardian, 26 November 2014
How to stem the fall in oil price is expected to top the agenda as the 12-member Organisation of the Petroleum Exporting Countries (OPEC) meets in Vienna today. Read more »
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Nigeria: OPEC Urged to Partner With Non-Members to Stabilize Oil Price
Independent (Lagos), 27 November 2014
As the 12 Member states of Organization of Petroleum Exporting Countries (OPEC) reconvene in Vienna, Austria today to take a decision that could stabilize oil prices which tumbled… Read more »
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Nigeria: Govt's Therapy for Oil Shock Attracts Divergent Views From Experts
This Day, 23 November 2014
The much-awaited response of the Federal Government to the tumbling crude oil price, which came last week, is aimed at dousing the tension over the attendant shortfall in revenue,… Read more »
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Nigeria: Insurgency, 2015 Election, Oil Shock Hit Financial Market -WSTC
Guardian, 23 November 2014
THE menace of insurgents called Boko Haram, weak corporate earnings, slide in benchmark price of crude oil and anxiety over the 2015 election in Nigeria have been adduced to the… Read more »
Nigeria's Economy Takes Beating as Oil Body Meets
The Organisation for Oil Producing Countries is meeting to discuss the international fall of the oil price - a situation that is impacting heavily on oil-producing countries like Nigeria.
InFocus
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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 ... Read more »
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Following the increasing decline in the nation's external reserves, rising demand for foreign exchange occasioned by foreign investors divesting from the country in response to the ... Read more »
