Nigeria’s foreign reserves slide by over 3% in 3months

The nation’s external reserves have depreciated from $48, 471 billion in June 18 to $46,203 billion as at September 16, according to data from...

Forbes disowns new rich list

FORBES has dissociated itself from the recent rich list published by the news media in the country. The statement from Forbes said: “The information that...

Oando offers buy opportunity as stock falls 21%

Stockbrokers have said the N9.32 share price of Oando Plc offers a buy opportunity for investors considering the growth potential in the company. Shares of...

FG to release subsidy payment today, adopts new accounting principle for 2014 budget

The Federal Government on Wednesday said it would continue to block loopholes in the fuel subsidy regime, adding that marketers with genuine claims would...

FG Projects N4.5tn budget for 2014, sets oil benchmark at $74/bl

The federal government is set to propose a budget of N4.495 trillion for the fiscal year 2014 that will be predicated on an oil...

Brent falls below $108 as Libya resumes output and attack on Syria is halted

Brent crude oil prices slipped below $108 per barrel on Wednesday as Libya resumed output and as diplomatic talks to eliminate Syria's chemical weapons...

OPEC daily basket price stood at $107.64 a barrel Tuesday, 17 September 2013

The price of OPEC basket of twelve crudes stood at 107.64 dollars a barrel on Tuesday, compared with $109.04 the previous day, according to OPEC Secretariat...

Asia to lead in oil demand, economic development – El-Badri

Asia, a major importer of Nigeria’s oil has been tipped to lead the world in many areas, especially global oil consumption and economic development. The...

France, Nigeria sign MoU on SMEs development, promises to assist in power generation

Nigeria and France, yesterday in Abuja signed a Memorandum of Understanding on SMEs development in the country. This is just  as France  has promised ...

FG loses N1.45 trillion oil revenues in nine months

The federal government has lost no less than N1.45 trillion in revenues from exportation of crude oil to the international market in the last...

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