By Irina Slav A presidential candidate from the Peoples Democratic Party (PDP) in Nigeria, has said the Niger Delta region could keep all of the revenues the oil-rich province produces. In an interview with the Africa Report, former Vice President Atiku Abubakar suggested a sharing scheme might still be better for everyone. “States can get…
Damilola Shittu – Abuja PRESIDENT Muhammadu Buhari has said that his administration will continue to implement policies that attract investment and spark competition in critical sectors of the economy for employment creation and growth. The President also said that he has developed interest in the oil sector, which is the main stay of the nation’s…
By Tsvetana Paraskova OPEC’s member Venezuela—which is sitting on the world’s largest crude oil reserves but which is suffering the worst loss of oil production in history outside of war-induced outages—is getting ready to share macroeconomic data with the International Monetary Fund (IMF) to avoid penalties including possible exclusion from the IMF. The Central Bank…
