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Wednesday, September 20, 2017

Oil prices rise toward $56 as demand outlook brightens

Oil prices were lower on Friday but on course for weekly gains, the third in a row in the case of Brent as the...

August revenue collection increased by 38.1% – PTML Customs

The Port Terminal and Multi-purpose limited, PTML command of the Nigeria Customs Service, NCS, generated N10.16 billion for the month of August 2017 as...

Dangote Eyes South African Cement Company

Dangote Cement has approached South African cement producer, (PPC), for takeover bid, but talks are at preliminary stages, Media has reported. PPC is already considering...

Nigeria’s Oil Output Exceeds OPEC Restriction Target

Crude oil production freeze is now imminent for Nigeria, as the country’s oil production increased by 138,300 barrels per day (bpd) from the 1.723...

Nigeria’ll Resist Oil Output Cuts- Kachikwu

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said that the government will resist crude oil output cuts until it meets...

FG Targets Road Infrastructure With N100bn Sukuk 

The Director-General of Debt Management Office (DMO), Patience Oniha, has disclosed that the government is targeting the N100billion Islamic bond, Sukuk, on improving road...

Buhari Inaugurates N30bn Olam Poultry, Feed Mill

President Muhammadu Buhari has inaugurated the N30 billion Integrated Feed Mill, Hatchery and Breeder Farm in Kaduna. Middle East Olam International Business Head, Mr. Vinod...

Government Approves Concession of Lagos, Abuja Airports

The Murtala Muhammed Airport, Lagos and Nnamdi Azikiwe Airport, Abuja have been concessioned by the Federal Government, Vice President Yemi Osinbajo, has said. Osinbajo stated...
barrel

Oil Prices Increase To $55 As Hurricanes Damage Refineries

Oil-markets saw Brent crude supported by Saudi Arabia hoping to cut October supplies, while United States crude was curbed by refinery-outages due to Hurricane-Harvey...

Global LNG glut may hit Nigeria

The global glut plaguing liquefied natural gas(LNG) markets may start to dwindle in five years, threatening to spur a deficit equivalent to twice the...

Oil rises to $55 as hurricanes damage refineries

Oil-markets on Friday saw Brent crude supported by Saudi Arabia hoping to cut October supplies, while United States crude was curbed by refinery-outages due...

Market Capitalisation Records 1.4 Percent

Heavy share price gains recorded by some companies, especially Dangote Cement, and Guinness lifted the Nigerian Stock Exchange (NSE) market capitalisation by 1.4 per...

NNPC, ExxonMobil Collaborate To Increase Oil Output

The Nigerian National Petroleum Corporation (NNPC) and ExxonMobil are collaborating to expand existing operational portfolio aimed at increasing the country's crude oil output. Group Managing...

AfDB Earmarks $800m For Agriculture In Africa

The African Development Bank ( AfDB ) and World Bank have earmarked 800 million dollars for the provision of agriculture technologies to farmers in...

FG Declares Tax Holidays, Duty Waivers In Mining Sector

The Federal Government has declared tax holiday holidays and duty waivers on imported mining equipment to foreign investors in the nation’s mining industry. This was...
NNPC

NNPC: Petrol now N130/ltr at depots, N142/ltr at stations

The Nigerian National Petroleum Corporation (NNPC) has said the ex-depot price of petrol has dropped from N138 to N133.28 per litre in most of...

NNPC Crashes Petrol, Cooking Gas Prices Nationwide

The sustained strategic intervention of the Nigerian National Petroleum Corporation (NNPC) in the efficient supply and distribution petroleum products has led to significant fall...

A Strong Infrastructure Base Critical To Africa’s Economic Transformation

 A strong infrastructure base is critical for Africa’s economic transformation, Economic Commission for Africa’s Sylvian Boko has said . Speaking during an ECA-sponsored session at...

NNPC Tasks Indigenous Companies to Bid for 30 Marginal Fields

The Nigerian National Petroleum Corporation (NNPC) has urged members of the Independent Petroleum Producers Group (IPPG) to participate in the forthcoming bid round for...

Expert Canvasses for Privatization to Stimulate FDI

A leading economist and the Chief Executive Officer of Economic Associates, Dr. Ayo Teriba, has called for the opening of the Nigerian economy through...

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