The United Kingdom’s Department for International Trade has said it has the ability to support infrastructure projects in African countries, including Nigeria, with lending and guarantees. The DIT said in a statement on Tuesday that it could enable the provision of the facilities through the UK Export Finance, the country’s export credit agency. It said […]

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said Nigeria has forever lost the United States as a significant crude export market. “That’s gone,” Kachikwu was quoted by Platts to have said during a news conference at CERAWeek in Houston, Texas, United States. Light sweet Nigerian crude is very similar to the […]

The crude oil and gas export receipts of the Nigerian National Petroleum Corporation increased by $275.14m (N84.46bn at N307 to a dollar) in December 2017, the oil firm announced in its latest monthly financial and operations report released on Tuesday. According to the report, the NNPC recorded total export receipts of $476.25m in December 2017 […]