Nigeria is a country blessed with numerous natural resources of which crude oil is among and the driving force of the country’s economy. This leads us to research and provide you with the complete list of oil-producing states in Nigeria. As record has it, Nigeria is a leading oil-producin...
Nigeria is a major oil producing nation, no doubt! With about 2.5m barrels of the black gold gushing out daily from under the feet of its citizen, nRufus Kayode Oteniya
Theoil industryhas affected Nigeria in a variety of ways and fashioned a remarkable landscape of economic disparities unparalleled in the other parts of Africa. Instead of turning into one of the most prosperous states on the African continent, Nigeria has become addicted to oil money, which has...
There is growing agitation in Nigeria's oil producing areas for more equitable compensation from the Nigerian state for the upstream activities that take place in these areas. The various formulas employed over the years to distribute the country's revenues between its federal, state and local gove...
Nigeria - Oil, Agriculture, Trade: The Nigerian economy is one of the largest in Africa. Since the late 1960s it has been based primarily on the petroleum industry. A series of world oil price increases from 1973 produced rapid economic growth in transpo
Oil is the leading export product in the world. Saudi Arabia is the world's largest oil exporter, followed by Russia and Canada. Norway, Nigeria, and Kazakhstan round out the list of top 10 oil exporters. 1. Saudi Arabia This Middle Eastern oil powerhouse was the world's top oil exporter...
Other well-known blends include the Opec Reference Basket, Tapis Crude which is traded in Singapore, Bonny Light used in Nigeria and Mexico’s Isthmus. Price formation in respect of the most widely used oil markers, WTI and Brent Blend, happens on futures exchanges, respectively the New York ...
Many of the largest oil-producing countries in the world are part of a cartel known as the Organization of the Petroleum Exporting Countries (OPEC). In 2016, OPEC allied with other top non-OPEC oil-exporting nations to form an even more powerful entity named OPEC+, or “OPEC Plus.” The...
Effects of Global Oil Price on Exchange Rate, Trade Balance, and Reserves in Nigeria: A Frequency Domain Causality Approach. J. Risk Financ. Manag. 2019, 12, 43. [Google Scholar] [CrossRef] [Green Version] Musau, A.; Veka, S. Crude oil trade and current account deficits: Replication ...
Delta, state, southern Nigeria. It is bounded by Edo state to the north, Anambra state to the east, Rivers state to the southeast, Bayelsa state to the south, the Bight of Benin of the Atlantic Ocean to the west, and Ondo state to the northwest. On the e