Nigeria hopes oil prices will stabilize around $42-$50 - minister

Nigeria hopes crude prices will stabilize in a range around $42 to $50 a barrel, its finance minister said on Friday.

"The oil price now looks stable and that is a good thing - oil prices that are too low are a problem, but equally oil prices that are too high for us are equally a problem," Kemi Adeosun said in London.

"Stability around the $42 to $50 mark are good for us."