Russia’s Oil Production Is Limited by The World’s Richest Nations With Brent Crude At $95 Per Barrel.
The black viscous hydrocarbon prices increased as traders anticipated that OPEC+ would discuss output cuts at their meeting on September…
Month: September 2022
Nigeria Is Africa’s Largest Cryptocurrency Market, Despite The Restriction On Bank Transactions.
The largest economy in Africa and one of the world’s top adopters of cryptocurrencies is Nigeria. In reality, this country…
United Airlines, Emirates Set To Announce Codeshare Agreement.
United Airlines (UAL. O) and Dubai’s Emirates are set to announce a codeshare agreement in the coming weeks. United on Tuesday sent…
Lufthansa To Cancel 800 Flights Due To Pilots’ Strike.
Germany’s Lufthansa (LHAG. DE) said it will have to cancel 800 flights on Friday, likely affecting 130,000 passengers, after the pilots’ union…
KCB’s Congo Buyout Target Heavy On Commission.
KCB Group’s Democratic Republic of Congo acquisition target Trust Merchant Bank made twice as much in fees and commissions compared…
Gas Price Rises By 122%, Household Incomes Shrink.
Amid the Federal Government’s N250bn intervention funds on the National Gas Expansion Plan; which intends to deepen usage across the…
High Cost Of Living Takes Toll On Nigerians
Nigerians are passing through difficult times as the cost of living continues to rise, Daily Trust reports. Their purchasing power…
Stocks Slide, Dollar Spikes.
September got off to a bumpy start as persistent worries about rising global interest rates and recessions hounded stock and…
Turkey Raises Electricity, Gas Prices By 50% For Industry, 20% For Homes.
Turkish authorities raised electricity and natural gas prices for households by around 20% and by around 50% for industry. Putting…
Investors Earn N68.63 Billion In Three Top Nigerian Banks In August Despite Sell Pressure.
Despite sell pressure witnessed on the shares of some quoted companies listed on the floor of the Nigerian Exchange in…
NNPC Adopts Saudi Aramco’s Security Model
Nigeria is adopting the security infrastructure similar to that of Saudi’s Aramco to protect its oil pipelines and curb theft.…
Nigeria Generated N799bn Oil Revenue In Q1 2022 Down By 28% – CBN
The Central Bank of Nigeria (CBN) says the country generated N799.10 billion from oil sector in the first quarter of…
Most airplanes In Nigeria Grounded, Says NCAA.
A significant number of airplanes operating across the country are currently not in use. Due to the crisis rocking Nigeria’s…
Jobs Jolt In The United State.
A look at the day ahead in U.S. and global markets from Mike Dolan. Whatever quarterly growth statistics are showing,…