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Activity was focused on a handful of small tenders on Thursday with sellers staying on the sidelines as demand has yet to resurface following the holiday period. Chinese demand has been weaker for the latest month’s cargoes and…
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Analysts at FSDH Merchant Bank Limited have said electricity and the pump price of premium motor spirit (PMS) are two key prices that the federal government will need to adjust this year in order to free up funds for developmental…
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FSDH Research, trusted providers of market intelligence has said that certain key events, both at the global level and in Nigeria, will influence economic and business activities in 2019. FSDH Research examines a few of these events and…
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Football Federation (NFF) President, Amaju Pinnick, has lamented that the leadership of the federation was harassed like bunch of criminals following accusation that it failed to account for the N1.6bn 2018 World Cup Budget. Sports…
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When OPEC+ agreed to begin cutting crude oil production again in December, hardly anyone in the cartel thought the effect of the news on prices would be as lackluster as it turned out to be. It took some time for the fact to sink in that…
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Oil cargoes departing from Nigeria to the United States fell to 103,000 bpd in December, down by 48,000 bpd, new data show. Generally exports by OPEC nations to the US fell to 1.63 million barrels per day (bpd), down from 1.80 million…
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Oil prices reversed course and turned sharply higher in mid-morning trade yesterday. Brent crude rose $2.60, or 4.8 per cent, to $56.40 a barrel after trading as low as $52.51 earlier. U.S. West Texas Intermediate crude rose $2.22, or…
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As the Federal Ministry of Power, Works and Housing strives to improve the country’s power supply, it is also making budgetary proposals for the purchase, maintenance and fuelling of generators at its headquarters and various agencies. …
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Nigeria is to lose about 226,300,000 million barrels of oil production in 2019, representing about 27 per cent of its current year’s target. The loss is sequel to the Organisation of Petroleum Exporting Countries (OPEC) decision to cut the…
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OPEC’s January production is likely to come in lower than anticipated, a former Saudi Aramco executive said in a statement to CNBC on Thursday. The oil cartel agreed last month to shave 800,000 barrels per day off its October production…
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