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crude oil prices

Oil Prices Soar as Ukraine Disrupts Russian Petroleum Supplies

March 20, 2024
By Adedapo Adesanya  Oil prices further surged on Tuesday as traders assessed how Ukraine’s recent attacks on Russian refineries would affect global petroleum supplies. Brent crude jumped by 0.6 per cent to $87.38 a barrel, its highest since October 31, while the US West Texas Intermediate (WTI) crude gained 75 cents or 0.9 per cent to settle at $83.47 a
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redesign Naira Notes

Naira Strengthens to N1,560/$1 at NAFEM, N1,580/$1 at Parallel Market

March 20, 2024
By Adedapo Adesanya The Naira continued its recovery process against the United States Dollar in the different segments of the foreign exchange (FX) market on Tuesday, with its value strengthening further at the close of transactions. In the Nigerian Autonomous Foreign Exchange Market (NAFEM) window, it gained an additional 0.8 per cent or N36.77 against the greenback during the session
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unlisted securities index

Unlisted Securities Record 1.04% Appreciation

March 20, 2024
By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange recorded a further rise of 1.04 per cent on Tuesday, March 19, as investors added N14.92 billion to their portfolio after the market capitalisation of the bourse improved to N1.443 trillion from N1.428 trillion a day earlier. Two securities were responsible for the growth recorded by the exchange during the session,
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PZ Cussons

SEC Rejects PZ Cussons’ Request to Buy Minority Stake at N23 per share

March 20, 2024
By Aduragbemi Omiyale The Securities and Exchange Commission (SEC) has rejected the request by the majority shareholder of PZ Cussons Nigeria Plc to acquire the stocks of the firm held by other shareholders at N23 per share. PZ Cussons, which earlier announced its intention to exit the Nigerian market due to the rising cost of production and others, proposed to
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FAAC

How FG, States, LGAs Shared N10.14trn from FAAC in 2023—NEITI

March 20, 2024
By Adedapo Adesanya The three tiers of government – Federal, State and Local governments – shared the total N10.143 trillion from the Federation Account as statutory revenue allocations in 2023, the Nigeria Extractive Industries Transparency Initiative (NEITI) FAAC review report has shown. According to the report released on Tuesday, the N10.143 trillion disbursements made in 2023 were 23.6 per cent
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Politics

ANOH Gas Plant

Tinubu To Commission Three Critical Gas Projects

May 3, 2024
By Adedapo Adesanya President Bola Tinubu will commission three critical gas infrastructure projects undertaken by the Nigerian National Petroleum Company (NNPC) Limited and its partners as part of efforts to use gas to boost the Nigerian economy. This was disclosed in a statement by the Special Adviser to the President on Media and Publicity, Mr Ajuri Ngelale, on Friday, adding
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Travel

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BravoSolution Acquires Puridiom

A leading global strategic procurement solution provider, BravoSolution, has acquired Puridiom, a privately-held on-demand procurement and AP solutions company based in Camp Hill, Pennsylvania. With this acquisition, BravoSolution takes the next step in enabling the full end-to-end procurement process through an integrated
August 11, 2016

5 Tech Gadgets You Can Hardly Do Without

Adeniyi Ogunfowoke The evolvement of technology over the decades has made it compulsory to use them. These technologies which come in various forms, sizes and shapes simplify human functions and activities thus making them indispensable. Most people are addicted to some of
August 11, 2016

Rimini Street Boosts Investment in Latin America

  Rimini Street, Inc., the leading global independent provider of enterprise software support services for SAP SE’s Business Suite, BusinessObjects and HANA Database software and Oracle Corporation’s Siebel, PeopleSoft, JD Edwards, E-Business Suite, Oracle Database, Oracle Middleware, Hyperion, Oracle Retail and Oracle
August 11, 2016

5 Reasons You Should Visit Epe, Lagos

Nkem Ndem Epe, one of the Local Government Areas (LGAs) in Lagos State, is slowly becoming a popular choice residential destination for Lagosians, especially those who would like to share proximity with the Lekki Peninsula. It is indeed striking to see increase
August 11, 2016

How Nigerian Artistes Can Go Viral With Their Songs

Nkem Ndem Music is huge in Nigeria and while there are celebrities already dominating the industry, there are quite a number of them still struggling to be heard and seen. No doubt, for every musician – popular or not, the dream of
August 11, 2016

5 Slangs That Make You A Confirmed Lagosian

Adeniyi Ogunfowoke Lagos is Nigeria’s melting pot. It’s the dream destination for most people who reside in nearby cities and rural communities. Everyone believes Lagos is a city where dreams come true, regardless of your means of livelihood. That’s why you find
August 11, 2016

IMD Cloud Completes International Roll Out

Global UK technology company Group IMD is transforming the speed and convenience of video advertising management and distribution through its IMD Cloud platform. The IMD Cloud platform has been fully rolled out internationally and is believed to be the fastest TV and
August 11, 2016

Tincan Island Rakes N130.8bn In 7 Months

At least about N130.8 billion was raked into the coffers of the Federal Government by the Controller Tincan Island Port in seven months. This disclosure was made by the Controller Tincan Island Port, Comptroller Y. U. Bashar when he had a chat
August 10, 2016

I Will Grow NNPC Under My Watch—Baru

Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Dr Maikanti Kachalla Baru, has reinstated his desire to take the organisation to greater heights. Speaking at his maiden town hall meeting with members of staff at the NNPC Towers in Abuja
August 10, 2016

New Militant Group Bombs Oil Facility In Delta

A new militant group, which threatened to blow up oil installations in the Niger Delta region of the country few days ago, has carried out its threat. On Tuesday, the new group, Niger Delta Greenland Justice Mandate (NDGJM), vowed to bomb oil
August 10, 2016
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