Daily Archives: May 3, 2018

US high interest rates to affect Nigeria’s, others’ oil production

Nigeria and other countries in sub-Saharan Africa may continue to suffer high production cost and reduced output as global oil and gas stakeholders strive to  reduce cost of production per barrel of crude oil. These countries, aside Nigeria, include Senegal, Angola and Ghana, among others,   According to Sebastian Spio-Garbrah, Chief Africa Frontier Markets Analyst, […]

Dickson: Bayelsa Has 30% of Nigeria’s Gas Reserves

  The Governor of Bayelsa State, Mr Seriake Dickson, said wednesday that the state alone retains 30 per cent of Nigeria’s gas reserves, arguing that Bayelsa could become the Houston of Africa if the federal government gave the needed support.     A statement by the governor’s Chief Press Secretary, Francis Agbo, noted that Dickson […]