October 29, 2014
Nigeria to import petroleum products for 20 years despite the possibility of building new Refineries

Nigeria and other African countries will continue to be net importers of petroleum products despite the availability of functional and quasi-functional refineries, and plans to build more refineries on the continent, the Minister of Petroleum Resources, Mr. Diezani Alison-Madueke, has said. According to her, plans to build more refineries in Angola, Uganda, Mozambique and Nigeria…

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October 21, 2014
Oil Slump Rings Alarm Bells for Nigeria as Elections Loom

Nigeria’s efforts to prop up its currency months before presidential elections are being undone by the slide in oil prices. The naira tumbled to within 0.3 percent of a record low as Brent crude fell to the lowest level in more than four years. While some of the world’s biggest banks say the collapse in…

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