Crude oil futures were higher during Friday mid-morning trade in Asia following OPEC’s monthly report signaling more production cuts, bolstering market sentiment. At 11:20 am Singapore time (0320 GMT), ICE March Brent crude oil futures was up 54 cents/b (0.88%) from Thursday’s settle to $61.72/b, while the NYMEX February light sweet crude contract was 60 […]
The Nigerian Customs Service (NCS) Seme Command, has urged more Nigerians to engage in legitimate export business and shun illegal trade that is posing dangers to the economy. Customs Area Controller, Comptroller Mohammed Uba, yesterday declared that export is free, adding that the Federal Government has also initiated a scheme to give such legitimate exporter […]
It’s a six-day stretch that could make or break Arsenal’s season and prompt renewed scrutiny into the machinations of a club that appears to have issues at every level. A home game against Chelsea in the English Premier League on Saturday, soon followed by the visit of Manchester United in the FA Cup. Lose both […]
The Central Bank of Nigeria (CBN) on Thursday rolled out measures to ensure that at least 80 per cent of Nigerians have access to banking and other financial services. The apex bank also released new policy frameworks on consumer protection, financial literacy and financial education. The bank unveiled measures in the National Financial Inclusion Strategy […]
The Energy Information Administration expects OPEC’s combined crude oil production this year to be 1 million barrels per day lower than in 2018, when the cartel produced an average 31.92 million bpd, the authority said in its latest Short-Term Energy Outlook. This, however, won’t be enough to push prices higher if the EIA turns out […]
At 11:00 am Singapore time (0300 GMT), ICE March Brent crude futures was down 28 cents/b (0.46%) from Wednesday’s settle to $61.04/b, while the NYMEX February light sweet crude contract was also 39 cents/b (0.75%) lower at $51.92/b. Data released late Wednesday by the US Energy Information Administration registered a larger-than-expected 2.68 million fall in […]
Eko Refinery and Petrochemical Company has appealed to the Federal Government to support local refiners with sovereign guarantees loans for the completion of their modular refineries. Mr Emmanuel Iheanacho, the Chairman of the Company, made the appeal in Lagos against the backdrop of local refiners’ inability to secure loans to complete their ongoing modular refineries. […]
As Nigeria intensifies the battle against corruption, the Economic and Financial Crime Commission (EFCC), takes the battle to faraway Ghana to block slush fund. Politicians relying on slush funds to run their campaigns will not have it easy, the Nation reported on Thursday. Mr Ibrahim Magu, the Acting Chairman of EFCC, is reported to have […]
Nigeria’s main opposition candidate for president said on Wednesday he would seek to privatise the state oil company and other government assets if elected next month, while removing a costly petrol subsidy, to revive the economy. Atiku Abubakar, a businessman who served as vice president between 1999 and 2007, has promised to double the size […]
…Restates commitment to safety of lives and property By Foster Obi In a renewed commitment to its high safety standards, Nigeria’s leading electricity distribution company, Ikeja Electric Plc (IE), has cautioned the public under its network against building structures and engaging in social and economic activities under power lines. The company said the specific clearance/distance […]