March 21, 2017/Reuters Angolan state oil company Sonangol was working out its term allocations for May cargoes, traders said on Monday, while ample supply was heard to be weighing on the value of Nigerian crude. ANGOLA * The May loading programme emerged on Friday with 54 cargoes, or 1.67 million […]

Godwin Emefiele, Nigeria’s Central Bank Governor March 21, 2017/Reuters Nigeria has floated the naira “within a range” against the dollar, central bank governor Godwin Emefiele said on Tuesday. The naira, held around 305 per dollar for almost a year, was recently effectively devalued for certain categories of the population, though […]

March 21, 2017/Press Release *Presidency gives contractors 30 days to return to site or face prosecution *Presidential-level visits to remaining oil-producing States in view The Federal Government has issued a new set of directives in its bid to accelerate the implementation of the Buhari administration’s new vision for the development […]