Addax Plans $5 Billion Funding In Nigeria

In a assertion on Sunday, Addax Petroleum Develop affirmed its dedication to Nigeria, announcing its future in Nigeria remained very bright. In the statement, Addax Petroleum/NNPC Production Sharing Contract has produced over 425 million barrels of crude oil over the 19 years when it took over operator ship of Oil prospecting Licences 98/118 and OPLs 90/225, previously operated by way of Ashland Nigeria Oil Company from 1973 to 1998. Addax Petroleum Development (Nigeria) Limited has stated Read more [...]

Nigerian Banks Exchange FX At 314.50 Naira On Interbank Market

Nigeria’s overseas change market noticed transactions well worth $1.34 million at its interbank window on Wednesday at a price of 314.50 Naira per dollar, as commercial banks traded the nearby currency at below the central bank rate. Nigeria has at least 5 rates, which it has used to manipulate stress on the Naira and to manipulate what the central financial institution described as “frivolous” demand for greenbacks at the height of a forex crisis that started two years ago. In, April Read more [...]