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Oil prices rise; OPEC+ to raise output
Oil prices increased on Tuesday after plunging more than 8% in the prior session as OPEC+ agreed to raise output and as the Delta variant of COVID-19 clouded the outlook on fuel demand recovery.
After an initial setback and…
Equities Market index rebounds by 0.14%
Trading activities closed in the positive on Monday with 0.014% to close at 37,952.65 points higher than 37,947.18 points recorded at the close of trading on Friday last week.
The market capitalisation also appreciated by N3 billion to…
FIRS Board Dissolves Moribund Junior Staff Union
The Board of the Federal Inland Revenue Service (FIRS) has announced the dissolution of Nigeria Civil Service Union (NCSU), FIRS Unit whose Exco was purportedly made up of senior staff of FIRS, for reasons outlined in an official…
Airtel’s Mobile Operating License undergoes regulatory process by NCC
The Nigerian Communications Commission, NCC has disclosed that it is yet to grant permission for the renewal of Unified Access Service (UASL) License to Airtel Nigeria.
The Director Public Affairs, NCC, Dr. Ikechukwu Adinde in a…
Taxation counter-productive to Aviation Industry-IATA
The International Air Transport Association (IATA) has warned that the reliance on taxation as the solution for cutting aviation emissions in the European Union’s (EU) ‘Fit for 55′ proposal is counter-productive to the goal of sustainable…
AfCFTA: Vice-President Osinbajo calls for inclusive trade among ECOWAS members
Nigeria's Vice President, Prof. Yemi Osinbajo, says the Africa Continental Free Trade Area (ACFTA) agreement has offered opportunities to West African countries to drive more inclusive trade initiatives and expand intra-regional trade in…
Nigeria’s petrol price increases by 28.49% (year-on-year) in June, 2021
The National Bureau of Statistics (NBS) has disclosed that the average price paid by consumers in Nigeria for a litre of petrol increased by 28.49% in June 2021 from N128.88 recorded in the comparable period of 2020 to N165.61 in June 2021.…
Coal prices rise to $150/tonne, highest level in 10 years
Coal futures surged to almost $150 a tonne in July, the highest level in a decade as a heat wave in Zhejiang, Jiangsu and Guangdong, China's biggest industrial provinces has pushed the electricity consumption to unprecedented levels.…
DPR targets more Oil Production
The Department of Petroleum Resources (DPR) has reaffirmed its commitment to boost production in the nation’s oil reserves.
According to the Department, out of 7,000 reservoirs in the country, operators in the oil and gas industry are…
Sudan plans $643m Railway Revamp
Sudan is planning a $643 million revamp of its railway network before connecting it to neighboring countries.
This forms part of efforts to revive an economy affected by decades of dictatorship and global isolation.
The African…