Nigeria’s external reserves slipped to $44.519 billion as at December 9, 2013. The current value of the forex reserves represents a decline by $869 million this quarter, compared with the $45.388 billion it was as at October 2. Data compiled from the Central Bank of Nigeria (CBN) also showed the […]
Tag: Oil
Bids on Chevron’s Nigeria oil blocks due next week: sources
U.S.-based Chevron Corp (CVX.N) will receive bids on September 30 from prospective buyers of three oil blocks in the Niger Delta, with several local Nigerian firms in the running, industry sources told Reuters on Tuesday. Oil industry sources estimate the mean value of the three blocks combined at $500 million […]
Oil near $109, heads for weekly loss on Libya, Syria
Oil held near $109 a barrel on Friday and was heading for a weekly drop on the return of some Libyan output, a reduced prospect of military action against Syria and signals from Iran that it is looking for a thaw in relations with the West. Persistent concern about […]
