OPEC Raises 2020 Demand Forecast Over China’s Recovery       The Organization of the Petroleum Exporting Countries (OPEC), has raised its global oil demand forecast for 2020 by 60,000 barrels per day (b/d) from last month to 90.29 million b/d in October, as it sees an improvement...

Oil Plunges Lowest On Russia Rejection Of OPEC Cut   Oil prices tanked more than seven per cent at the weekend to their lowest levels since mid-2017 after Russia balked at Organisation of Petroleum Exporting Countries’ (OPEC’s) proposed steep production cuts to stabilise prices. Brent futures fell...

Russia, Afreximbank To provide $1.46bn For Ajaokuta Completion   The Federal Government has said the Russian government and Afreximbank will provide up to $1.46bn to fund the resuscitation of the Ajaokuta Steel Company Limited. The Minister of Mines and Steel Development, Olamilekan Adegbite, who disclosed this in...

Oil Prices Drop As Russia Touts Easing OPEC+ Output   Oil fell on Monday after Russia said an OPEC-led pact may consider easing output cuts next year, but prices held near recent three-month highs on hopes for a trade deal between the United States and China. Brent...

Ajaokuta Steel: Reps Probe Nigeria’s Deal With Russia   The House of Representatives has begun investigation of the deal Nigeria signed with Russia on the resuscitation of the Ajaokuta Steel Company, alleging that details of the contract were not known to Nigerians. The House resolved to carry...

Okey Oramah: How a Global Revitalizer Was Honoured in Russia By Kehinde Olaosebikan   The ultimate in any venture of man is success. Be it business, politics, socio sphere, or even in our day to day activities we live, what every man seeks is success in all...