Global oil demand in 2018 forecast to grow 1.6 million bpd – OPEC

20 February 2018
Global oil demand in 2018 forecast to grow 1.6 million bpd – OPEC

Global oil demand for 2018 is estimated to grow 1.6 million barrels per day due to an "encouraging environment", OPEC Secretary-General Mohammad Barkindo said on Monday. He said commercial oil...

A look at fiscal and monetary policy - Michael Schmidt

20 February 2018
A look at fiscal and monetary policy - Michael Schmidt

There are two powerful tools our government and the Federal Reserve use to steer our economy in the right direction: fiscal and monetary policy. When used correctly, they can have...

Fuel scarcity: NEC plans price review

16 February 2018
Fuel scarcity: NEC plans price review

National Economic Council (NEC) yesterday asked its committee to interface with Nigerian National Petroleum Corporation with a view to determining the correct price of fuel. Governor of Bauchi State, Mr...

Reps Committee trains 147 youths in poultry production

16 February 2018
Reps Committee trains 147 youths in poultry production

Funmi Olaitan, Ibadan The determination of the Federal Government to diversify the nation's economy received a boost with the House of Representatives Committee on Agriculture, Colleges and Institutions, training no...

Senate wants importation of palm oil, kernel banned

14 February 2018
Senate wants importation of palm oil, kernel banned

Senate on Tuesday resolved to urge the Federal Government to ban the importation of palm oil/kernel, and inject funds to aid its local production. The senators also urged the private...

Oil skids to biggest weekly loss in two years amid market turmoil

10 February 2018
Oil skids to biggest weekly loss in two years amid market turmoil

Oil prices slid more than 3 percent on Friday as U.S. futures fell below $60 a barrel for the first time since December on renewed concerns about rising crude supplies....

Ebonyi Gov authorises local chiefs to create cattle grazing areas

10 February 2018
Ebonyi Gov authorises local chiefs to create cattle grazing areas

Governor David Umahi of Ebonyi has directed traditional rulers to collate data on herdsmen operating in the state for easy identification and maintenance of peace. Mr. Umahi, who gave the...

Lekki residents protest toll plaza charges hike

10 February 2018
Lekki residents protest toll plaza charges hike

Residents of Lekki, Lagos on Friday made good their threat to stage a protest over the multiple hikes in tolls collected at two toll plazas in the area. On February...

Oil falls for sixth day as supply fears mount

09 February 2018
Oil falls for sixth day as supply fears mount

Oil prices fell for a sixth day on Friday after Iran announced plans to boost production and U.S. crude output hit record highs, adding to concerns about a sharp rise...

Don tasks govts over poultry production to reduce unemployment

07 February 2018
Don tasks govts over poultry production to reduce unemployment

Funmi Olaitan, Ibadan Executive Director, Institute of Agricultural Research and Training (I.A.R&T), Ibadan, Mr James Adediran, on Tuesday, stressed the need for government at all levels in the country to...

IGR: Oyo set to intensify efforts in hospitality sector

05 February 2018
IGR: Oyo set to intensify efforts in hospitality sector

Funmi Olaitan, Ibadan Oyo State Government has expressed its determination to set up machinery to deal with tax defaulters, appealing to owners of businesses in the hospitality sector in the...

Oil rises as OPEC compliance eclipses boom in U.S. output

02 February 2018
Oil rises as OPEC compliance eclipses boom in U.S. output

Oil rose on Thursday after a survey showed OPEC's commitment to its supply cuts remains in place, even as U.S. production topped 10 million barrels per day (bpd) for the...

Oyo/Osun Customs generates N17b in 2017

02 February 2018
Oyo/Osun Customs generates N17b in 2017

Funmi Olaitan, Ibadan Controller, Oyo/Osun Command of the Nigeria Customs Service (NCS), Mr. Christopher Odibu, on Thursday, said the command in 2017 generated over N17 billion. Odibu who made the...

No fuel subsidy but under-recovery - FG

01 February 2018
No fuel subsidy but under-recovery - FG

The Federal Government on Wednesday insisted that there was no subsidy payment on petrol as it was being done before now. Minister of Finance, Mrs. Kemi Adeosun, said this while...

FG to stop Customs from raiding markets for smuggled rice

01 February 2018
FG to stop Customs from raiding markets for smuggled rice

The Federal Government is planning to stop Nigerian Customs Service from raiding markets to seize imported rice, Minister of Finance, Mrs Kemi Adeosun, has said. The minister spoke to State...

BOI commits N20b to business expansion in Oyo

31 January 2018
BOI commits N20b to business expansion in Oyo

Funmi Olaitan, Ibadan Managing Director, Bank of Industry (BOI), Mr. Olukayode Pitan, on Tuesday, said the bank had disbursed N18 billion out of the N20 billion intervention fund meant to...

Oil dips, still set for biggest January rise in five years

30 January 2018
Oil dips, still set for biggest January rise in five years

Oil prices slipped 1.5 percent on Monday, pressured by a strengthening dollar and rising U.S. crude output, but prices remained on track for the biggest January increase in five years....

What is the difference between fundamental and technical analysis?

29 January 2018
What is the difference between fundamental and technical analysis?

These terms refer to two different stock-picking methodologies used for researching and forecasting the future growth trends of stocks. Like any investment strategy or philosophy, both have their advocates and...

Preferred bidder for 9mobile emerges

27 January 2018
Preferred bidder for 9mobile emerges

The interim board of 9mobile may have finally settled for Teleology Holdings Limited as the preferred bidder for 9mobile, the country’s fourth-largest mobile network, according to an insider source. Teleology...

Calculating risk and reward - Tim Parker

25 January 2018
Calculating risk and reward - Tim Parker

Are you a risk taker? When you're an individual trader in the stock market, one of the few safety devices you have is the risk/reward calculation. Risk Vs. RewardSadly, retail...

NNPC account in red as petrol landing cost nears N180/litre

24 January 2018
NNPC account in red as petrol landing cost nears N180/litre

The account of Nigerian National Petroleum Corporation (NNPC) is increasingly over-burdened as the landing cost of Premium Motor Spirit (PMS), otherwise called petrol, has risen following the recent surge in...

Oil prices rise on decline in U.S. drilling, Syria conflict

22 January 2018
Oil prices rise on decline in U.S. drilling, Syria conflict

Oil prices climbed on Monday, pushed up by a drop in U.S. drilling activity and by fighting in Syria between Turkish forces and Kurdish fighters. Brent crude futures were at...

How key electricity infrastructure was awarded to Dangote, ex-minister’s relative

20 January 2018
How key electricity infrastructure was awarded to Dangote, ex-minister’s relative

Key electricity transmission infrastructure belonging to Transmission Company of Nigeria, TCN, was awarded to Alheri Engineering Company, and Phase 3, despite inherent conflict of interest, a correspondence has shown. While...

Oil edges up on falling U.S. crude inventories, but supply remains ample

18 January 2018
Oil edges up on falling U.S. crude inventories, but supply remains ample

Oil prices inched up on Thursday on a reported decline in U.S. crude inventories, but prices stayed below recent three-year highs as fuel supplies remain ample and as refineries scale...

Stock market continues upward swing as market capitalisation hits N16tn

18 January 2018
Stock market continues upward swing as market capitalisation hits N16tn

Bullish trading at Nigerian equities market continued wednesday with Nigerian Stock Exchange (NSE) All-Share Index rising by 1.89 per cent to close higher at 44,885 while market capitalisation ended at...

Glo has not acquired 9Mobile

13 January 2018
Glo has not acquired 9Mobile

Telecommunications giant, Globacom, has distanced itself from media reports which insinuated that it was the preferred bidder to acquire telecommunications company, 9Mobile. A press statement issued in Lagos on Friday...

Glo disclaims 9Mobile acquisition rumours

12 January 2018
Glo disclaims 9Mobile acquisition rumours

PRESS RELEASE Telecommunications giant, Globacom, has distanced itself from media reports which insinuated that it was the preferred bidder to acquire telecommunications company, 9Mobile. A press statement issued in Lagos...

Ten worst mistakes beginner investors make

11 January 2018
Ten worst mistakes beginner investors make

Poonkulali Thangavelu The idea of making your money work for you through investments is appealing. It is also one of the ways to accumulate wealth. However, if you are a...

What is the difference between compounding interest and simple interest?

08 January 2018
What is the difference between compounding interest and simple interest?

Steven Nickolas Interest is the cost of borrowing money, where the borrower pays a fee to the lender for using the latter's money. The interest, typically expressed as a percentage,...

FG may allow marketers sell petrol above N145

05 January 2018
FG may allow marketers sell petrol above N145

The Federal Government Thursday hinted that independent marketers might be allowed to sell petrol above the current regulated pump price of N145 per litre. Minister of State for Petroleum Resources,...

Oil at highest since 2015 on inventory drawdown, Iran unrest

05 January 2018
Oil at highest since 2015 on inventory drawdown, Iran unrest

Oil rose on Thursday to its highest since May 2015, on concern about supply risks due to unrest in Iran and another decline in U.S. inventories as refining activity hit...

Petrol scarcity: FG, stakeholders inaugurate committee

03 January 2018
Petrol scarcity: FG, stakeholders inaugurate committee

The Federal Government and critical stakeholders in the nation’s oil and gas sector on Tuesday inaugurated a committee saddled with the responsibility of finding long-term solutions to petrol scarcity in...

What determines oil prices?

03 January 2018
What determines oil prices?

Paul Kosakowski With each passing year, oil seems to play an even greater role in the global economy. In the early days, finding oil during a drill was considered somewhat...

Oil rises to mid-2015 high in strongest year opening since 2014

02 January 2018
Oil rises to mid-2015 high in strongest year opening since 2014

Oil prices had their highest January opening since 2014 on Tuesday, with Brent and WTI crude prices rising to mid-2015 highs, supported by ongoing supply cuts led by OPEC and...

Buhari authorised NNPC to subsidise petrol – Baru

30 December 2017
Buhari authorised NNPC to subsidise petrol – Baru

President Muhammadu Buhari authorised Nigerian National Petroleum Corporation, NNPC, to subsidise petrol for Nigerians, Mr Maikanti Baru, NNPC chief has said. Baru made this known on Friday during a brief...

Why we withdrew Globacom’s license - Benin Republic

29 December 2017
Why we withdrew Globacom’s license - Benin Republic

Government of Benin Republic on Wednesday said its rejection of Globacom-Benin’s bid to renew its operational license had nothing to do with sanctions against the company either for violation of...

5 Forex Day Trading mistakes to avoid

29 December 2017
5 Forex Day Trading mistakes to avoid

Cory Mitchell In the high leverage game of retail forex day trading, there are certain practices that, if used regularly, are likely to lose a trader all he has. There...

Fuel Scarcity: NNPC replies petrol marketers on cause of crisis

28 December 2017
Fuel Scarcity: NNPC replies petrol marketers on cause of crisis

Nigerian National Petroleum Corporation, NNPC, and the Depot and Petroleum Products Marketers Association, DAPPMA, on Wednesday continued the blame game over current fuel scarcity. On Tuesday, Executive Secretary of DAPPMA,...

FG licenses three new Free Trade Zones worth $2.751 bn

28 December 2017
FG licenses three new Free Trade Zones worth $2.751 bn

Managing Director of Nigeria Export Processing Zones Authority, NEPZA, Mr Emmanuel Jime, says the authority has licensed three new Free Trade Zones, FTZs. Jime announced this in a statement signed...

Fuel Scarcity: Despite NNPC’s claims, our depots are empty – Marketers

27 December 2017
Fuel Scarcity: Despite NNPC’s claims, our depots are empty – Marketers

Depot and Petroleum Products Marketers Association, DAPPMA, on Tuesday expressed concern over the inability of Nigerian National Petroleum Corporation (NNPC) to send petrol to its members’ depots. DAPPMA’s Executive Secretary,...





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