Stakeholders Query Ports Task Force Over N5.4bn Demurrage Claim
Maritime stakeholders have faulted the claims by the Ports Standing Task Team that its operations saved visiting ships N5.4bn they could have paid as demurrages in one year in one year.
The National Coordinator of the PSTT, Moses...
Global Oil Price Rises as OPEC+ Cuts Production
Brent, the global benchmark for crude oil, jumped in price on Monday, following the voluntary production cuts by member nations of the Organisation of Petroleum Exporting Countries, as well as OPEC allies, jointly referred to as OPEC+.
Oil...
State House, MDAs Queried Over N969bn Budgetary Allocation
The Senate through its Public Accounts Committee has queried the State House and 557 Ministries, Departments and Agencies over the failure to account for N969 billion “intangible assets” in the 2019 budget.
This revelation is contained in the...
IATA Cautions FG as Airlines Trapped Funds Rises to $802m
The International Air Transport Association latest report has revealed that the total amount of foreign airlines’ trapped funds in Nigeria has risen to $802m and warned the Nigerian government that the situation could hamper air...
OPEC, Allies Begin Fresh Oil Production Cuts May
The Organisation of Petroleum Exporting Countries and its allies, referred to as OPEC+, on Sunday, announced voluntary cuts to their production of crude oil, amounting to about 1.15 million barrels per day, calling it a “precautionary measure”...
Fed Govt, Others List N318.52bn Securities On NGX
The Nigerian Exchange (NGX) recorded new listings of about N318.52 billion in the first quarter. The new listings included equities, fixed income, mutual funds and derivatives.
The X-Compliance Report of the NGX, which tracks activities at the stock...
