Algeria supports oil freeze continuation as stocks diminish
Algeria has voiced its support for the extension of the oil production freeze agreement between OPEC and non-OPEC members as it believes that “stocks in […]
oil
Nigeria directs oil firms to relocate headquarters
Nigerian’s acting president, Yemi Osinbajo this weekend instructed the relocation of all International oil companies head offices in the West-African nation to the Niger Delta. […]
Uganda eyes 5.5% GDP in the year ending June 2018
Uganda’s economy boosted by lower borrowing costs and higher oil sector investments will grow by 5.5 percent in the year to June 2018, a budget […]
Nigeria: Exxon Mobil Closes Doors in Lagos over Workers’ Protest
U.S. oil giant Exxon Mobil’s headquarters in Lagos has been shut down, after protesters besieged the company’s offices, protesting the sacking of 150 Nigerian workers. […]
OPEC Members Agree to Cut Oil Production by November
Members of the Organization of Petroleum Exporting Countries (OPEC) on Wednesday reached an agreement to limit oil production to between 32.5 and 33 million barrels […]
Ghana: 27 Electoral Reforms to Ensure Credible Elections
Ghana’s Electoral Commission (EC) on Wednesday said it has adopted 27 electoral reforms to make this year general elections in the West African nation, more […]
Nigeria Q1 Revenues Reach only 55 % of Goals
The Nigerian government failed to meet its revenue target for the first quarter of 2016, Reuters reported on Friday. Months of militant attacks on pipelines […]
Sao Tome and Principe: AU deploys 25 observers to oversee elections
The African Union has deployed a Short-Term Election Observation (STO) Mission of 25 observers to oversee Sao Tome and Principe’s presidential election scheduled for July […]
Nigeria: IMF Welcomes New Forex Policy
The International Monetary Fund on Thursday welcomed the decision by Nigeria government to abandon its currency peg and adopt a flexible exchange rate policy. The […]
Angola: President Appoints Daughter Head of State Oil Firm
Angolan President Jose Eduardo dos Santos on Thursday appointed his daughter as new boss of the state oil firm, Sonangol. According to the presidential decree, […]