Business

Most OPEC+ ministers back 9-month deal extension -Kazakh minister

Isaac UmunnaComment(0)

Kazakh Energy Minister Kanat Bozumbaev said on Monday that most ministers representing OPEC and non-OPEC countries at talks in Vienna favour extending their global oil output deal by nine months.

“The majority (of ministers) have spoken in favour of nine months,” he said.  Reuters

Isaac Umunna

Related Articles
Business

ECOWAS leaders approve committee on Nigeria’s land border closure

Isaac Umunna

The Authority of ECOWAS Heads of State and Government has constituted a committee, headed by President Roch Marc Christian Kabore of Burkina Faso, to study and make a full report on Nigeria’s land border closure with her neighbours. Malam Garba Shehu, the Senior Special Assistant to the President on Media and Publicity, confirmed this development […]
Business

Arik Air bounces back after temporary suspension of operations

Isaac Umunna

West Africa’s largest airline, Arik Air, will resume full operations today, Wednesday, September 14, 2016, after Tuesday’s suspension of operations due to its inability to renew its aircraft insurance. “We have resolved the issues relating to the insurance. Our flights have resumed but our full operations will start tomorrow. Two flights are already leaving to […]
Business

Govs, FG to clash over LG allocation as Governors insist on status quo

Isaac Umunna

The stage appears set for an inevitable collision between state governors and the Federal Government over the monthly allocation from the Federation Account to the country’s third tier of government. Many state governments have practically taken over the management of local government funds by superintending over the disbursement of same. While some states take over […]