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Oil regains holding steady

Oil prices held steady on Thursday and in early trading on Friday after a top Saudi official said that oil production would remain flat in July compared to June and that Saudi Arabia does not want to oversupply the market. Previous comments suggested that Saudi Arabia would ramp up to 10.8 million barrels per day…

Osinbajo to address business summit in Dubai, UAE

Vice President Yemi Osinbajo will be delivering the keynote address at the Christ Redeemers Friends International (CRFI), Middle East-UAE Chapter Professional Business Summit in Dubai, United Arab Emirates (UAE) on Saturday, July 21, 2018. At the event, Osinbajo will address top corporate executives and international business organisations in the Middle East and Africa. This was…

Forex: CBN flags off SMIS in Chinese Yuan

The Central Bank of Nigeria (CBN) on Friday, July 20, 2018, flagged off its intervention in the sale of foreign exchange in Chinese Yuan (CNY), signaling the consummation of the Bilateral Currency Swap Agreement (BCSA) signed with the People’s Bank of China (PBoC) on April 27, 2018. A statement issued by the Bank on Friday…

Nigeria gets new national carrier

Nigeria has unveiled a new national aviation carrier  called “Nigeria Air.” The new national carrier was announced by the Minister of State for Aviation, Senator Hadith Sirika, to investors at Farnborough International Air Show in the United Kingdom. The minister said it would be wholly privately run.

African countries strategise on implementing SDGs

During a side event held at the ongoing High Level Political Forum, countries called on partners to organize a thematic Africa day at the margins of every HLPF to enable countries to articulate and sharpen a common African position. They also called for building awareness and rolling out of tools in support of SDGs and…

Osinbajo presides over Presidential Business Forum

Vice President Yemi Osinbajo, SAN, presided over the 8th Presidential Quarterly Business Forum (PQBF) held at the State House Banquet Hall, Abuja, on July 16, 2018. Osinbajo delivered a keynote address during the forum, which was also attended by the Minister of Power, Works & Housing, Mr. Babatunde Raji Fashola, the Minister of Industry, Trade & Investment,…

2019: Buhari requests Senate’s approval of N242bn for INEC, DSS, others

President Muhammadu Buhari has requested the Senate’s approval of N242.45 billion for the Independent National Electoral Commission (INEC) to enable it to commence preparations for 2019 general elections. Part of the funds, according to the President’s request, will also be given to the Department of State Service (DSS) and other security agencies for the same…

Oil prices slow down, decline

Oil prices were mostly flat at the start of trading on Tuesday, after having posted two of the worst single-day declines over the past week. The oil market has seen a sudden shift in sentiment compared to just a week ago. There are several reasons for this: The return of oil from Libya, the lifting…

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