Category: Business
Oil hits $65 on OPEC cuts, Saudi shutdown
Brent crude oil prices hit 2019 highs above $65 per barrel on Friday, spurred by OPEC-led supply cuts and a partial shutdown of Saudi Arabia’s biggest offshore oil...
Dollar weakens as trade deal hopes buoy riskier assets; Aussie, kiwi firm
The dollar fell versus a basket of its peers on Monday as rising expectations of a U.S.-Sino trade deal led investors to shift away from the safety of the greenback into...
Election postponement: Nigeria loses billions of naira, says NACCIMA
Mr Tony Ejimkeonye, the Vice President, National Association of Chamber of Commerce, Industry, Mines and Agriculture, (NACCIMA), has expressed shock over the...
FIRS directs banks to lift lien on tax defaulters’ accounts
The Federal Inland Revenue Service (FIRS) has written to banks, directing them to lift the lien on tax defaulters’ bank accounts for 30 days. The directive, which...
Financial expert tasks policy makers on economic growth
A financial expert, Mr Tony Edeh, on Friday urged policy makers to focus on creating better economic policies that would aggressively drive the growth of the economy....
Coca-Cola forecasts full-year profit below expectations
Coca-Cola forecast full-year profit well below Wall Street expectations on Thursday as it reported a quarterly decline in volumes in North America, sending its shares...
Nigeria’s economy firmly on the path of growth – Udoma
Nigeria’s economy has turned the corner and is now firmly on the path of growth, Budget and National Planning Minister, Senator Udoma Udo Udoma said in Uyo, Akwa Ibom...
2019: ‘Global oil supply to swamp demand despite output cuts’
The global oil market will struggle this year to absorb fast-growing crude supply from outside OPEC even with the group’s production cuts and U.S. sanctions on...
Nigeria develops tracker for oil sales – Kahikwu
The federal government can now account for its daily oil sales thanks to a new initiative development which breakthrough was announced by the minister of state for...
Citigroup sees Saudi, UAE as top Mideast markets for deals this year – Executive
Citigroup expects the majority of investment banking opportunities in the Middle East to come from Saudi Arabia and the United Arab Emirates this year, said Miguel...
