World News

OPEC Reaches no Agreement on Output Policy, Appoints Nigeria’s Mohammed Sanusi Barkindo Secretary General

June 2, 2016/OPEC The 169th Meeting of the Conference of the Organisation of the Petroleum Exporting Countries (OPEC) was held in Vienna, Austria, on Thursday, 2nd June 2016, under the Chairmanship of its President, HE Dr. Mohammed Bin Saleh Al-Sada, Minister of Energy and Industry of the State of Qatar […]

Nigeria oil minister: OPEC open-minded, Nigeria’s output back up to 1.6 million bpd

Thu Jun 2, 2016/Reuters Nigerian oil minister Emmanuel Ibe Kachikwu said on Thursday he saw “open-mindedness” in the OPEC meeting, but did not know what the outcome would be. Oil ministers from the Organization of the Petroleum Exporting Countries are meeting Thursday morning in Vienna, where Iran and Saudi Arabia […]

Nigeria to meet investors next week ahead of possible bond sale – sources

Wed Jun 1, 2016/Reuters By Chijioke Ohuocha and Oludare Mayowa Nigeria will hold a non-deal roadshow in London next week, government sources said on Wednesday, as Africa’s biggest economy explores fund-raising options to finance a record budget deficit widened by the fall in vital oil revenues. Finance Minister Kemi Adeosun […]