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Nigeria: Buhari Pledges Nigeria's Preparedness to Reduce Oil Output
Premium Times, 20 February 2019
President Muhammadu Buhari on Wednesday in Abuja pledged the cooperation of Nigeria to the effort of oil-producing nations to reduce output to attract higher prices in the global… Read more »
Nigeria Ready to Reduce Oil Output to Boost Prices
President Muhammadu Buhari has pledged to reduce oil output, to attract higher prices in the global market. Buhari made the undertaking during a meeting with Ahmad Qattan, Minister of State for African Affairs and Special Envoy of King Salman Bin Abdulaziz of Saudi Arabia.
President Buhari receives in audience Special Envoy of King Salman Bin Abdulaziz, Custodian of the two Holy Mosques, the Kingdom of Saudi Arabia, today at the State House, Abuja.
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Nigeria: Any Hope for Nigeria's 2019 Budget As Oil Price Hits $64.56 Per Barrel
Vanguard, 15 February 2019
For the first time in 2019, the oil price yesterday rose from $62.00 to $64.56 per barrel in the international market, indicating $4.56 in excess of Nigeria's $60.00 budget… Read more »
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Nigeria: Atiku in Kaduna Restates Plan to Privatise NNPC If Elected President
Premium Times, 20 February 2019
Atiku Abubakar, the presidential candidate of the Peoples Democratic Party on Wednesday in Kaduna reiterated his plan to privatise the Nigerian National Petroleum Corporation… Read more »
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Nigeria: PWC Predicts Slow Economy Growth and Rise in Unemployment in 2019
Guardian, 20 February 2019
Professional services firm, PricewaterhouseCoopers has predicted a possible rise in Nigeria unemployment rate and slow economic growth. Read more »
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Nigeria: Nigeria's Biggest Indian Oil Buyer Signs First Deal for U.S. Oil
Daily Trust, 19 February 2019
State-owned Indian Oil Corp (IOC) has signed its first annual deal to buy US oil, paying about $1.5 billion for 60,000 barrels a day in the year to March 2020 Reuters reported… Read more »
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Nigeria: Amid Gains, Global Glut Might Weigh in On Crude Oil Price
Guardian, 20 February 2019
Crude's price may see compounded pressure as the outlook for fuel demand is uncertain amid global growth concerns. Read more »
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Nigeria: Excess Revenue Rises to $6.35 Per Barrel As Oil Price Hits $66.35
Vanguard, 18 February 2019
For the first time in 2019, the price of crude oil has surged from $64.00 recorded last week to $66.35 over the weekend as a result of Organisation of Petroleum Exporting… Read more »
