We Begged People To Buy Oil At $9, Say Kyari       The Group Managing Director of the Nigerian National Petroleum Corporation, Mallam Mele Kyari, said buyers were begged to purchase the Nigerian crude oil at $9 per barrel in April. The global oil benchmark, Brent crude, plunged...

Stock: Market Extends Gain With N106bn         Trading activities on the equity market on Tuesday further closed upbeat as investors continued to take position on blue-chip stocks in anticipation of a fair third-quarter results. The key market performance measures, the NSE All-Share Index rose by 0.70 per...

Nigeria’s Oil Rig Count Rises By 2 As OPEC’s Decreases By 14         Nigeria has for two months now continued to experience rise in oil production as its rig count moved up by two, having recorded 10 in September, as against eight recorded in August. Earlier in...

WTO: Okonjo-Iweala on the cusps of history Who becomes the next Director-General of the World Trade Organisation (WTO) in a matter of weeks? It will surely be either Nigeria’s Ngozi Okonjo-Iweala and South Korea’s Yoo Myung-hee. Members of WTO have since picked the two celebrated women...

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...

Race to WTO Leadership Is Down To The Final Two Candidates     World Trade Organization members selected two final candidates -- Nigeria’s Ngozi Okonjo-Iweala and South Korea’s Yoo Myung-hee -- to advance to the final round in the race to lead the Geneva-based trade body, according...