Nigeria starts crude oil production in Lagos
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A Nigerian firm has said it has started oil production from an offshore field in the commercial city of Lagos, the first output outside the country’s oil hub in the Niger delta.
A Nigerian firm has said it has started oil production from an offshore field in the commercial city of Lagos, the first output outside the country’s oil hub in the Niger delta.
The Morgan Stanley Capital International (MSCI) has said that it will keep Nigeria in its benchmark frontier-market index after saying earlier this month that it might exclude the country because of the government's capital controls.
Moody's Investors Service has today downgraded Nigeria's long-term issuer ratings to B1 from Ba3 and has assigned a stable outlook, concluding the review for downgrade initiated on March 4th 2016.
THE Federal Government yesterday said it has received provisional $6billion loan offer from China to fund infrastructure projects across the country.