Refining in Nigeria began a decade after oil was discovered in the oil-rich Niger Delta region in the 1950s. Initially starting out in 1965 with a refining capacity of 38,000 barrels per day (bpd), Nigeria''s refining capacity has grown over the years and is considered the 4th
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8:48 AM ET Thu, 20 June 2019 LAGOS, June 20- The Nigerian naira is seen trading broadly stable amid tepid offshore demand for Nigerian assets, while the Kenyan shilling could weaken on healthy
The outlook for investors in the country’s debt market appears very bright, as the yields on Nigerian bonds maturing in 2047 fell from an all-time high of 13.2% on March 19 to 8.6% on Friday. The shows that the cost of raising new debt for Nigeria will be relatively lower now if the country chooses to go to the international bond market, although it has ruled out doing so this year.
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Oil Market Crisis: Nigerian oil producers are considering production shutdown It is obvious that the scale of the oil crisis has defied the efforts of OPEC+ and other oil-producing countries, as the idea of production shutdown is moving towards reality.
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