S&P says Nigeria ratings affirmed at ‘B/B’ outlook stable‍​

‘FG to review Power sector privatisation’

The Nigerian government will consider an overhaul of the private power sector, government officials said following the National Economic Council meeting on Thursday. The power sector was privatized in 2013, but some 80 million Nigerians remain without access to power, and elsewhere the grid is plagued by frequent blackouts, leaving businesses and consumers reliant on […]

Shares in Nigeria’s Oando rise to 8-month high

Shares in Nigerian oil company Oando rose 9.4 percent on Monday to an eight-month high. Oando climbed to 7.55 naira after trading 140,800 units by 1121 GMT. The shares closed at 6.90 naira previous session. Nigerian regulators lifted a trading suspension on the company’s shares last week.  Reuters

FG, EFCC begin tracking of vessels lifting Nigeria’s crude

Every barrel of crude oil produced and exported out of Nigeria is now being tracked by the Federal Government in collaboration with the Economic and Financial Crimes Commission, the Minister of State for Petroleum Resources, Ibe Kachikwu, declared on Tuesday. Kachikwu said the government and the EFCC recently commenced the tracking of vessels lifting crude […]