Expert hinges Nigeria’s growth path on digitisation
For countries to wriggle out of the current economic downturn, the need for them to digitize their economies has been stressed.Speaking at the Organization of Petroleum Exporting Countries...
World equities hold near one-week low
World stocks hovered close to their one-week lows, dragged down by an earlier two per cent slump in Japan and lackluster European markets, while concern over Britain’s future in the European Union ...
Apple, energy stocks drag down Wall St.
Oil prices dropped about by two per cent and the S&P energy index tumbled by 1.13 per cent. Major oil producers Exxon and Chevron were down about by one per cent.
Brent crude oil goes above $50
Brent crude prices held at about 50 dollars a barrel on Friday as sign that the oil market was moving back to more balanced supply and demand.
Gulf OPEC members may revive global oil output deal
Gulf members of Organisation of Petroleum Exporting Countries, including Saudi Arabia, appeared set to revive the idea of coordinated oil-output action by major producers...
OPEC appoints Barkindo as new secretary-general
Former Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mohammed Barkindo has been appointed secretary-general of OPEC.
Saudi Arabia offers more oil to Asian clients ahead of OPEC meeting
Saudi Arabia is offering extra crude to customers in Asia, a sign the world’s largest oil exporter does not intend to cut output as it battles for market share with other top producers.
Oil prices sustain rising profile, appreciate above $50 a barrel
At above $50 per barrel, crude oil prices have finally strongly surpassed Nigeria’s budgetary benchmark of $38 a barrel.