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Friday, November 15, 2024

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Oil extends losses after Trump tests positive for COVID-19

Oil prices extended losses to about three per cent on Friday after U.S. President Donald Trump said he has tested positive for COVID-19. Agreement on...

Economic recovery: CBN reduces Monetary Policy Rate

The Central Bank of Nigeria (CBN) on Monday announced reduction of the Monetary Policy Rate (MPR) from 12.5 per cent to 11.5 per cent. Mr...

Oil moves higher as storm threatens U.S. Gulf Coast

Oil prices rose on Monday as a tropical storm in the Gulf of Mexico prompted drillers to evacuate rigs and shut-in production. Although gains were...

Don’t give money to anyone importing food, fertilizer – Buhari orders CBN 

President Muhammadu Buhari on Thursday ordered the Central Bank of Nigeria ''not to issue a kobo'' of the country’s reserves for the importation of...

Understanding electricity new tariff regime

Attempting to get an exact figure or cost that electricity consumers will pay under the new tariff regime may not be straight forward. This is...

Electricity tariff:  Consumers in Kano grumble over hike

Electricity consumers in Kano have expressed shock over the hike in tariff  by Electricity Distribution  Companies (DisCos). A cross section of consumers interviewed by the...

NNPC increases petrol depot price to N151.56/litre

The Petroleum Products Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), has increased the ex-depot price of Premium Motor Spirit,...

Oil rises towards $46 on U.S. inventory drop, economy hopes

Oil rose towards $46 a barrel on Wednesday, gaining for a third day, supported by a report that U.S. crude inventories fell. This is also...

Telecoms sector contributes N2.3trn to Q2 GDP, stakeholders commend NCC

The National Bureau of Statistics (NBS) has revealed that telecoms sector unprecedentedly contributed 14.30 per cent to Q2 Gross Domestic Product (GDP) amid COVID-19...

Telegram launches video call service, eyes videoconferencing

Instant messaging app, Telegram, has launched a video call service as part of activities marking its seventh anniversary. In a blogpost, the company said the...

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