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Business

Brent Price

Brent Hits $114 as US Stockpile Drops Amid Tight Supply

May 26, 2022
By Adedapo Adesanya Brent crude rose by 43 cents or 0.38 per cent to $114.46 per barrel on Wednesday as the Energy Information Administration (EIA) reported that crude oil inventories in the United States shed one million barrels compared with the preceding week’s draw of 3.4 million barrels. Also, the West Texas Intermediate (WTI) crude futures appreciated by 57 cents
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Stock Market Newspaper

Stock Market Regains 1.24% Despite Sell-Offs in Lafarge, 40 Others

May 26, 2022
By Dipo Olowookere The local stock market returned to the positive territory on Wednesday on the back of bargain-hunting in Airtel Africa, Nigerian Exchange (NGX) Group, UAC Nigeria and others. Business Post observed that investors used the opportunity of the panic selling to mop up shares trading at low prices and this resulted in the exchange growing by 1.24 per
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NASD OTC market

NASD OTC Market Advances by 0.41% as Friesland, NDEP Gain

May 26, 2022
By Adedapo Adesanya FrieslandCampina WAMCO Nigeria Plc and Niger Delta Exploration and Production (NDEP) extended the presence of the bull on the floor of the NASD Over-the-Counter (OTC) Securities Exchange on Wednesday, May 25. The NASD OTC market rallied by 0.41 per cent during the session and stretched the market capitalisation of the exchange by N4.27 billion to N1.04 trillion
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FBN Holdings

FBN Holdings Slashes FY21 Dividend Despite Rise in Earnings, Profit

May 26, 2022
By Dipo Olowookere The much-awaited financial statements of FBN Holdings Plc for the 2021 accounting year have been released to the Nigerian Exchange (NGX) Limited after approval from the Central Bank of Nigeria (CBN). The lender, according to an analysis of the results by Business Post, reported growth in both the top line and bottom line, resulting in the declaration
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Politics

oil prices fall

Oil Prices Plummet on US Inventory Build, Inflation

May 2, 2024
By Adedapo Adesanya  Oil prices continued plummetting on Wednesday following a surprise inventory build and uncertainty about interest rate cuts in the United States and the future of oil demand growth. Data showed that Brent crude traded at $83.90 per barrel after losing 2.81 per cent or $2.43 as the US West Texas Intermediate (WTI) finished at $79.44 per barrel
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Travel

Latest

AURAK, WSU Sign Student Transfer Program

By Dipo Olowookere The American University of Ras Al Khaimah (AURAK) has signed a cooperation agreement with Wayne State University (WSU) of Detroit, Michigan of the United States, establishing the US-based university into its latest international partner. The agreement, which was initiated
January 28, 2018
naira-dollar-forex

Naira Weakens Across Market Segments Amid CBN Injections

By Cowry Asset In the just concluded week, the Naira depreciated against the US Dollar at both the Investors & Exporters Forex Window (I&E FXW) and the Bureau De Change segment by 0.07 percent and 0.28 percent to N360.35/$ and N362/$ respectively
January 28, 2018

Mobil Lifts Stock Market as Investors Gain N88b

By Dipo Olowookere The Nigerian stock market recorded its first gain of the week on Friday with Mobil leading the advancers’ chart at the close of business. The local bourse appreciated by 0.56 percent, pushing the year-to-date (YtD) to 14.46 percent when
January 28, 2018

Brent Crude Hits 3-Year High to Sell for $71

By Modupe Gbadeyanka The price of Brent crude oil hit a three-year high on Thursday, selling for $71 per barrel at the global market. The commodity is Nigeria’s major revenue earner and the present price is good news for the Federal Government,
January 26, 2018
Afreximbank

JSC Russian Export Centre Joins Afreximbank as Shareholder

By Modupe Gbadeyanka JSC Russian Export Centre (REC) has become the latest international financial organisation to join the African Export-Import Bank (Afreximbank) as a shareholder following its successful subscription to Class “C” shares of the African multilateral trade finance bank The shareholding,
January 26, 2018

Zayed Future Energy Prize Sets Guinness World Records Title

By Modupe Gbadeyanka The Zayed Future Energy Prize has officially achieved a GUINNESS WORLD RECORDS title for the ‘Largest environmental sustainability lesson’ announced on January 10. A total of 282 students from across the UAE took part in the sustainability-themed lesson at
January 26, 2018

Offshore Decommissioning and the Environment

By Sonia de Vries Competing interests between the exploitation of natural resources and the environmental devastation it entails, represents a real challenge for industry, country, civil society and environmentalists. In the oil and gas sector, oil and gas installations, or platforms, have
January 26, 2018

Africa Must Use Agriculture to Propel Industrialisation—Adesina

By Modupe Gbadeyanka President of the African Development Bank (AfDB), Mr Akinwumi Adesina, has charged African leaders to put agriculture at the forefront of the continent’s industrialization. Mr Adesina made this known last Wednesday when the AfDB launched its 2018 African Economic
January 26, 2018

Kenyan Bloggers Begin Tech Podcast

By Modupe Gbadeyanka Five Kenyan bloggers have joined forces to kick start a Kenyan technology podcast called the 24BIT and the aim is to grow the podcast landscape in the country and move it mainstream. The bloggers Nixon Kanali (TechTrendske.co.ke), Emmanuel Chenze
January 26, 2018
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