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

No offer for Fiat Chrysler on the table, CEO says

Fiat Chrysler (FCA) has not received any offer for the company nor is the world’s seventh-largest carmaker working on any “big deal”, Chief Executive Sergio Marchionne said on Saturday. Speaking on the sidelines of the Italian Formula One Grand Prix, Marchionne said the focus remained on executing the company’s business plan to 2018. Asked whether […]

Senate tasks oil majors on environmental laws

The Senate Committee on Petroleum Resources (Upstream) has warned the international oil companies operating in the Niger Delta region of the country to adhere strictly to the nation’s environmental laws while during operations. The Chairman of the Senate panel, Senator Bassey Albert, gave the warning when he led other members on a courtesy visit to […]

Oil prices on upward leap

Oil prices have surged to their highest level in months, with the US West Texas Intermediate rising above $58 per barrel and Brent trading north of $67. The instability in Venezuela and the growing evidence of a slowdown in US shale have pushed prices up. Weekly figures showed that US oil production dipped to 12 […]