February 2023

Nigeria bonds fall ahead of S&P credit rating review

Nigeria’s dollar-denominated government bonds fell on Friday ahead of a review of its credit rating by S&P Global, after the West African oil producer was downgraded by another ratings agency, Moody’s, a week earlier. Nigeria’s bonds dropped as much as…

Eroton finally extinguishes fire on OML18 wellhead

Indigenous oil firm, Eroton Exploration and Exploration Company has finally extinguished the fire explosion on its wellhead at the Akaso field in its Oil Mining Lease, OML18, more than two weeks after the incident. Recall that on January 20th, 2023,…