We Are Prepared For Audit, According To Petrol Supply Data, Says NNPC.
A forensic examination of the import and supply of Premium Motor Spirit has been welcomed by the Nigerian National Petroleum…
Author: akintunde
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…
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,…
80% Of Crude Oil Being Stolen With Connivance Of N’Delta Govs —Adebayo, SDP Presidential Candidate.
Prince Adewole Adebayo, has said 80% of the country’s crude oil were being stolen with the connivance; and quietude of…
If FG Loves Education, $23m Abacha Loot Would Be Used To Meet Our Demands – Nigeria ASUU.
The Academic Staff Union of Universities says the federal government should have used the recovered $23 million Abacha loot to…
Fidelity Bank To Acquire Union Bank UK.
Fidelity Bank Plc has entered a binding agreement to acquire a 100 percent equity stake in Union Bank UK Plc.…
Europe’s Alternatives If Russia Cuts Off Gas Supply.
The Nord Stream 1 pipeline that transports Russian gas to Germany will undergo maintenance from Aug. 31-Sept. 2, prompting concerns…
This Decade’s Oil Boom Is Moving Offshore – Way Offshore.
Global oil companies are pumping billions of dollars into offshore drilling, reversing a long decline in spending on the decades-long…
Russia Deepens Europe’s Energy Squeeze With New Gas Halt.
Russia halted gas supplies via Europe’s key supply route, intensifying an economic battle between Moscow and Brussels. Raising the prospects…
NCAA Threatens To Sanction Domestic Airlines Over N19bn Debt, Issues 30-Day Ultimatum- Nigeria.
The Nigerian Civil Aviation Authority (NCAA) has threatened to sanction domestic airlines for over N19 billion debt on ticket sales.…
Global Economy Can Thank U.S. Consumers.
The U.S. consumer is coming to the rescue of the global economy. Back in 2009, companies turned to China to…
Amazon, Google Slam Microsoft’s Cloud Computing Changes.
Amazon (AMZN.O) and Alphabet (GOOGL. O) unit Google criticised Microsoft’s (MSFT. O) cloud computing changes, saying they limit competition and discourage customers from switching to rival…
Dangote Refinery Gets 300,000 Barrels/day From NNPC.
The Nigeria National Petroleum Corporation Limited will have the first right of refusal to supply the Dangote refinery with about…
Nigeria’s GDP Contraction Worries Experts.
Economic experts have raised concerns about the prostrate nature of the economy; exemplified by the contraction in the country’s Gross…
Oil Prices Climb 1% As U.S. Fuel Inventories Fall.
Oil prices recovered slightly as data pointed to firm U.S. Fuel demand, providing respite after a 5% drop a day…
Naira Falls To N705/$ At Black Market.
On Tuesday, August 30, 2022, the Naira reversed its almost miraculous comeback to trade over the N700/$1 mark once again. This is…
Dangote To Save Forex, Through 40% Sugar Import Substitution.
Management of Dangote Sugar Refinery Plc has resolved to significantly reduce the importation of sugar into the country by 40%.…
OpenSea Trading Volume Plunges By 99% In 90 Days.
OpenSea, the world’s largest nonfungible token (NFT) marketplace, has witnessed a substantial drop in its daily trading volumes. Data from…