December 31, 2014
Why America Stopped Buying Nigeria’s Crude Oil

The lawmaker representing Eti-Osa constituency 2 in the Lagos State House of Assembly, Hon. Gbolahan Yishawu, has said the United State of America (USA) deliberately stopped buying crude oil from Nigeria as a form of sanction, saying it is high time government took drastic action about the parlous state of the economy. He disclosed this…

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December 8, 2014
Nigeria loses $11.5bn to declining oil prices

The federal government and the oil and gas producing companies may have lost an estimated $11.5billion to the drop in the price of Brent crude oil from $115 per barrel in June to $68.62 yesterday, THISDAY has learnt. With Nigeria producing about 2.4 million barrels per day and exporting 2.2 million barrels per day, the…

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