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  #961 (permalink)  
Old 18th December 2012, 04:25 PM
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Default Re: Oil & Gas News Highlights!

Sanusi advises FG against sharing excess crude revenue
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  #962 (permalink)  
Old 18th December 2012, 04:26 PM
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Default Re: Oil & Gas News Highlights!

FG will not increase fuel price in 2013 - NLC president
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  #963 (permalink)  
Old 18th December 2012, 09:56 PM
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Default Re: Oil & Gas News Highlights!

Pump Price: DPR Shuts Down 10 Filling Stations in Kano, Articles | THISDAY LIVE
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  #964 (permalink)  
Old 18th December 2012, 10:26 PM
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Default Re: Oil & Gas News Highlights!

Shell to face litigation over oil spills in Nigeria – Amnesty In’tl
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  #965 (permalink)  
Old 18th December 2012, 10:30 PM
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Default Re: Oil & Gas News Highlights!

NNPC pipelines up in flames...
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  #966 (permalink)  
Old 19th December 2012, 03:07 AM
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Default Re: Oil & Gas News Highlights!

Senate reluctant to debate Petroleum Industry Bill - The Punch - Nigeria's Most Widely Read Newspaper
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  #967 (permalink)  
Old 19th December 2012, 08:24 AM
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Default Re: Oil & Gas News Highlights!

2012's Top 5 Oil & Gas Plays - Proshare
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  #968 (permalink)  
Old 19th December 2012, 08:37 AM
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Default Re: Oil & Gas News Highlights!

the waiting game/blames continues!!
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  #969 (permalink)  
Old 19th December 2012, 07:51 PM
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Default Re: Oil & Gas News Highlights!

Pirates attack tanker off Nigeria, kidnap five | Reuters
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  #970 (permalink)  
Old 19th December 2012, 09:40 PM
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Default Re: Oil & Gas News Highlights!

Police Indict Capital Oil, Ubah for Subsidy Fraud, Articles | THISDAY LIVE
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  #971 (permalink)  
Old 20th December 2012, 04:42 AM
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Default Re: Oil & Gas News Highlights!

Growth in US crude piles more pressure on Nigeria
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  #972 (permalink)  
Old 20th December 2012, 04:57 AM
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Default Re: Oil & Gas News Highlights!

Derivation Fund: Oil Communities Allege N7tn Misappropriation, Articles | THISDAY LIVE
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  #973 (permalink)  
Old 20th December 2012, 04:58 AM
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Default Re: Oil & Gas News Highlights!

Emergency workers reach pipeline explosion source - The Punch - Nigeria's Most Widely Read Newspaper
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  #974 (permalink)  
Old 20th December 2012, 04:59 AM
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Default Re: Oil & Gas News Highlights!

Pipeline vandals could cripple downstream sector - NNPC -The Punch - Nigeria's Most Widely Read Newspaper
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  #975 (permalink)  
Old 20th December 2012, 07:16 AM
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Default Re: Oil & Gas News Highlights!

According to the report, “Import duty
certifications, bill of ladings, Letters of
Credits (LCs)/Form Ms and other
documents were perfected with the
active connivance of the Department
of Petroleum Resources (DPR),
Petroleum Products Pricing Regulatory
Agency (PPPRA), bank officials,
Nigerian Ports Authority (NPA), the
Nigerian Maritime Administration and
Safety Agency (NIMASA) and other port
authorities clearing agencies."
Did you say active connivance? When are they going to be tried since they're complicit in the fraud?
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  #976 (permalink)  
Old 20th December 2012, 07:29 AM
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Default Re: Oil & Gas News Highlights!

Growth in US crude piles more pressure on Nigeria

http://www.businessdayonline.com/NG/...ure-on-nigeria
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Last edited by Salida; 20th December 2012 at 07:31 AM.
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  #977 (permalink)  
Old 20th December 2012, 03:53 PM
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Default Re: Oil & Gas News Highlights!

Quote:
Originally Posted by Salida View Post
Growth in US crude piles more pressure on Nigeria

Growth in US crude piles more pressure on Nigeria
The current economic team is advising the government to borrow externally which exposes us to FX fluctuations, these won't be so bad if our currency were stable or if we weren't a bunch of consumers. In the short term I expect a drop in interest rates, stability in the Naira and a very bullish capital market, but as oil prices fall I expect all hell to break loose.

Right now I'm looking for a $ or £ denominated bond that can pay me around 10% so when I move my NSE loot I would have somewhere to park it.
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  #978 (permalink)  
Old 20th December 2012, 04:12 PM
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Default Re: Oil & Gas News Highlights!

Quote:
Originally Posted by nosa2 View Post
The current economic team is advising the government to borrow externally which exposes us to FX fluctuations, these won't be so bad if our currency were stable or if we weren't a bunch of consumers. In the short term I expect a drop in interest rates, stability in the Naira and a very bullish capital market, but as oil prices fall I expect all hell to break loose.

Right now I'm looking for a $ or £ denominated bond that can pay me around 10%so when I move my NSE loot I would have somewhere to park it.
Hmmm... Where do you think you can get that kind of return on a Foreign currency denominated bond in this current global economic climate? Look before you leap.
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  #979 (permalink)  
Old 20th December 2012, 04:15 PM
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Default Re: Oil & Gas News Highlights!

Quote:
Originally Posted by Salida View Post
Hmmm... Where do you think you can get that kind of return on a Foreign currency denominated bond in this current global economic climate? Look before you leap.
Corporate bonds could easily give me those kind of returns

Fixed Income Investor - Bond Prices & Yields - Bond Prices & Yields
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  #980 (permalink)  
Old 20th December 2012, 04:29 PM
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Default Re: Oil & Gas News Highlights!

Quote:
Originally Posted by nosa2 View Post
Corporate bonds could easily give me those kind of returns

Fixed Income Investor - Bond Prices & Yields - Bond Prices & Yields
oga Nosa, with interest rates at almost zero, I doubt if a highly rated corporate will pay you a 10% coupon. You are most likely going down the quality spectrum, maybe high yield bonds, to capture your 10%. As they say, the higher the risk, the higher the reward
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