• Nigeria to lose N2.79bn daily as Avengers allegedly blast Qua Iboe Terminal

    Nigeria to lose N2.79bn daily as Avengers allegedly blast Qua Iboe Terminal

    Nigeria may be losing about N2.79 billion daily as from this Tuesday as the unrelenting militant group, Niger Delta Avengers (NDA) last night blasted Qua Iboe crude oil terminal operated by ExxonMobil.

    Qua Iboe is Nigeria’s largest crude oil stream and exports usually more than 300,000 barrels per day.

    At the current oil price of $47 per barrel, the country is bound to lose billions of naira daily.

    Security sources said early this morning that the militants stormed the terminal at about 7.30 […]