Oil Price Hits $50, Highest in Eight Weeks
Global oil benchmark, Brent crude, hit an eight-week high on Thursday as the world’s biggest producers prepared to discuss a possible freeze in production levels….
Economy
Ghana’s TEN to Pump First Oil on Thursday
Ghana second commercial oil field, the Deep Water Tweneboa-Enyenra-Ntomme, will start pumping oil on Thursday. Joe Mensah, Vice-President and Country Director for American oil exploration…
Power: Price of Gas Rises by 60%
Following the free fall of the naira against the United States dollar, the cost being incurred for the purchase of gas for power generation has…
Australian Unemployment Rate Drops in July
The Australian unemployment rate dropped from 5.8 percent in June to 5.7 percent in July, the Australian Bureau of Statistics said on Thursday. A total…
Banks’ Fast-rising Bad Debts
As the level of non-performing loans (NPLs) in the banking system are on the increase as Nigeria’s macroeconomic indicators weakens, there are concerns about systemic…
U.K Inflation Rate Hits 20-Month High
U.K consumer prices rose to 20-month high in July. Consumer prices, which measures inflation rate rose 0.6 percent year-on-year. This was more than 0.5 percent…
Ambitious SunTrust Bank Commences Operations
The management of SunTrust Bank Limited, one of the recently licensed commercial banks in the country officially opened its doors to customers Monday. The bank has…
China Seeks Better Partnership With NCS
The Peoples Republic of China has expressed her readiness to seek deeper partnership with the Nigeria Customs Service (NCS). Stakeholders in the maritime industry have…
Gas Exports Drop as Shell Declares Force Majeure
The nation’s gas exports have suffered a setback as Shell Petroleum Development Company of Nigeria Limited has declared force majeure on gas supply to the…
Apapa, Tincan Customs Generate N158.1bn
The Apapa and Tincan commands of the Nigeria Customs Service have generated a total of N130.7bn in the last seven months. While the Apapa Command…