Amid OPEC cuts Oil Prices Hit $65 Brent crude oil prices hit 2019 highs above $65 per barrel on Friday, spurred by OPEC-led supply cuts and a partial shutdown of Saudi Arabia’s biggest offshore oil field. Brent rose as far as...

Lagos Commodity Exchange Coming, Gets Regulatory Approval The Lagos Commodity and Futures Exchange (LCFE), would soon commence operations as it has received approval-in-principle by the Securities and Exchange Commission (SEC). The Exchange is being promoted by the Lagos State Government, and...

Customs Impounds $900m worth of Pangolin in 2018 The Nigeria Customs Service (NCS) says that more than 900 million dollars’ worth of Pangolin for illicit trading were seized in Nigeria in 2018. Asst. Comptroller Mutalib Sule of the NCS, Federal Operations...

Oil Production In Nigeria Falls To 1.999m Barrels Per Day Crude oil production in Nigeria including condensate fell to 1.999 million barrels per day in January from 2.081 million bpd in December, according to the Ministry of Petroleum Resources. The Organisation...

Investment Inflow Rose By $4.5bn In 2018 –NBS The National Bureau of Statistics(NBS) has released the Capital Importation report for 2018 with the economy attracting a total investment of $16.81bn during the period. The bureau in the report stated that the...

Emirates Nigerian Passengers Celebrate Valentine’s Day Emirates Airlines is celebrating the season of love with Nigerian passengers on board and across its lounges worldwide on Valentine’s Day. The airline said the celebrations will kick off in Emirates’ network of lounges, and...