Nigeria’s Bonga crude oil export terminal has been shut due to the commencement of the routine maintenance. The nation’s crude oil export terminal, which is operated by Shell would hopefully be ready in record time. The operator, Shell Nigeria Exploration and Production Company (SNEPCo) on Tuesday said that the maintenance on the Bonga floating production […]
Latest data from Thomson Reuters shows that Nigeria’s oil exports are expected to fall in July to just 1.43 million barrels per day (bpd), loading plans showed on Monday, the lowest level so far this year. According to the data, the export plan comprised 48 cargoes, compared with 60 cargoes and a daily rate of […]
…We must be vigilant to avoid sliding into another recession- Emefiele …Targets $50bn external reserves in 2018 In order to continue the success recorded in the nation’s local production, the Central Bank of Nigeria (CBN) has disclosed that plans have been concluded to float a N500 billion support funds for the local manufacturers in the […]