Nigeria’s $5 billion loan from Saudi Aramco stalls due to falling oil prices • Deal tied to 100,000 barrels per day faces risk amid production constraints • Lenders demand stronger guarantees; Nigeria ...

The Nigerian naira fluctuated well below N1600/$ on Thursday in the unofficial market, amid higher oil prices and investor concerns ...

In a statement, the Federal Ministry of Finance addressed recent media reports suggesting that discussions over a $5 billion ...

Saudi Aramco remains the most influential energy company in the MENA region, driving not only Saudi Arabia’s economic engine ...

ActionAid Nigeria has thrown its weight behind the ban of single -use plastics in Lagos. Meanwhile, ActionAid Country ...

The Federal Government, yesterday, said no final decision has been taken on the reported plan to obtain a $5 billion ...

The Federal Ministry of Finance has rejected claims regarding the collapse of a potential $5 billion forward sale of crude ...

The Federal Ministry of Finance has dismissed claims suggesting the collapse of a potential $5bn forward sale of crude oil ...

ShareThe fall in oil prices has been identified as a major reason for the delay in reaching an agreement between Nigeria and ...

The move by the Nigerian government to secure a $5 billion oil-backed loan from Saudi Aramco is facing a major hurdle due to ...