-
Nigeria: Buhari Laments Mismanagement of Nigeria's Oil Wealth
Premium Times, 3 February 2016
President Muhammadu Buhari on Tuesday lamented Nigeria's management of its oil wealth, saying it was regrettable that the country could not produce enough refined petroleum… Read more »
-
Nigeria: Country Ends Oil Swap Deal in March
Leadership, 3 February 2016
The minister of state for petroleum resources, Dr Ibe Kachikwu, has disclosed that the federal government would save $1 billion from the Direct-Sale-Direct-Purchase (DSDP)… Read more »
-
Nigeria: Govt Ends Crude Oil Swap Deals
Premium Times, 2 February 2016
The Nigerian government has jettisoned its policy of exchanging crude oil with refined petroleum products, from foreign suppliers, the Minister of State for Petroleum Resources,… Read more »
-
Nigeria: New Oil Swaps to Begin March, Save Govt U.S. $1 Billion - Kachikwu
Daily Trust, 2 February 2016
The Nigerian National Petroleum Corporation (NNPC) crude-for-products exchange arrangement known as crude swap will be replaced by a Direct-Sale-Direct-Purchase (DSDP) arrangement… Read more »
-
Nigeria: Five Lessons From the Crude Crunch
This Day, 31 January 2016
In 2008 - I mean 2008, not 1908 -oil prices fell from the height of $147/barrel to $36. That was $111 shaved off every barrel of the black gold. It was like the world was going to… Read more »
Nigerian Govt to End Crude Oil Swap Deals
The country will replace crude oil swap agreements in March with a system under which it will directly sell crude oil to refiners and purchase refined oil products from them.
