Oil prices fell for a second day on Friday, pressured by a surprise rise in U.S. stockpiles as the coronavirus pandemic continues to erode demand for fuels. Brent crude was down 18 cents, or 0.5 per cent at $39.88 a barrel by 0337 GMT, after falling nearly two per cent on Thursday. U.S. crude dropped […]
The Nigerian National Petroleum Corporation (NNPC) has revealed why it shut down four oil refineries across the country. According to the Group Managing Director of the NNPC, Mele Kyari, the four oil refineries in Port Harcourt, Warri, and Kaduna were shut down because they were functioning below capacity. Kyari who was a guest on Channels […]
Traders at Aso community market in Karu Local Government Area of Nasarawa state have decried low patronage since the advent of coronavirus (COVID-19) in Nigeria. Some of the traders, who spoke when the team from Media Advocacy West Africa (MAWA Foundation) visited the area on Friday, attributed the low patronage to increase in prices of […]
Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN) has urged the Federal Government to establish a livestock ministry to harness the full potentials in the sub-sector of the economy. The National Secretary of MACBAN, Alhaji Othman Ngelzarma, made the appeal in an interview with the News Agency of Nigeria (NAN) on Thursday in Abuja. He […]
The Nigerian Stock Exchange’s (NSE) key market indices on Wednesday appreciated further by 0.18 per cent due to sustained bargain hunting. Consequently, the NSE All-Share Index rose by 46.05 points or 0.18 per cent to close at 25,460.00 compared with 25,413.95 recorded on Tuesday. Accordingly, Month-to-Date gain increased to 0.5 per cent, while Year-to-Date loss […]
THE price of petrol has been increased to N151.56 per litre, according to Pipelines and Product Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Corporation, NNPC In a statement obtained by Vanguard, D.O Abalaka of the PPMC, stated: “Please be informed that a new product price adjustment has been effected on our payment […]
The Central Bank of Nigeria (CBN) has ordered banks to henceforth pay 10% of it’s Monetary Policy Rate (MPR) as the minimum interest rate on savings deposit. The MPR is the benchmark interest rate of the CBN and it is presently 12.5 per cent. This implies bank customers will now get 1.25 per cent as […]
President of the African Development Bank , Dr Akinwunmi Adesina , has been sworn- in for the second term in office . The ceremony held virtually and broadcast online on Tuesday. The Chairperson of the AfDB board of Governors and Ghana’ s Finance Minister , Kenneth Ofori -Attah , administered the oath of office. Adesina, […]
The Department of Petroleum Resources (DPR), says with five built refinery plants across the country and seven in the making, Nigeria will be a net exporter of petroleum products in the next two years. The Director and Chief Executive Officer of DPR, Sarki Auwalu disclosed this in Lagos when the Minister of Information and Culture, […]
As stakeholders in poultry industry get nervous over losses The Central Bank of Nigeria, CBN, has cleared the air that it is not a ban on maize importation alone that is the sole cause of the price increase of the commodity as believed in the industry. This was stated by the Principal Manager, Anchor Borrowers […]
