Oil Prices Steady Following News Of COVID-19 Vaccine   Oil prices witnessed a little change on Tuesday, trapped in the narrow trading band of the past three weeks as investors gauged hopes for a recovery in oil demand against fears of new lockdowns due to a...

Global Food Commodity Prices Rebound In June     In June, global food commodity prices rose for the first time since the beginning of the year, driven by a rebound in vegetable oils, sugar, and dairy quotations. However, in the cereals and meat markets, most prices remained...

NNPC Increases June Selling Prices Of Crude Oil     The Nigerian National Petroleum Corporation has increased prices at which the country’s crude oil grades will be sold next month. The country’s July crude oil loading programmes showed higher output on key grades on Tuesday after the country...

Petrol Price May Rise As Brent Stabilises Around $35/barrel   Brent, the oil against which Nigeria’s crude is priced, has hovered around $35 per barrel for about one week, raising concerns of a possible hike in petrol price in Nigeria any time soon. An analysis of global...

Bread Prices May Increase By 60%, Bakers Warn   Bakers in Lagos State have urged the Federal Government to intervene in the prices of baking materials, which may lead to increase in the prices of bread by 60 per cent anytime soon. The bakers complained that the...

COVID-19: Oil Prices Rise As Countries Ease Lockdown     Oil extended gains in Asia Tuesday on signs of improving demand as coronavirus-hit major economies begin to ease strict curbs and as top producers slash output. US benchmark West Texas Intermediate for June delivery was up 7.26 per...