Oil price rises to $44.58, still threatens 2017 budget benchmark
OIL price, which dropped below Nigeria’s 2017 benchmark price of $44.50 per barrel, weekend, has leaped from $44.38 to $44.58 per barrel in the international market. Prices have trended downwards in the past two weeks as a result of increased shale oil supply by the United States.
Why foreign investors shun Nigeria’s electricity industry
Nigeria’s electricity industry may not receive the needed foreign investment attention if the identified teething problems are not tackled headlong, former Minister of Power, Professor Barth Nnaji, has warned.
Navy Captain charged with N90m fraud
A 63-year-old retired Navy Captain, Jerry Ogbonna, was, yesterday, charged before an Ikeja high court for allegedly defrauding two banks of N90 million.
LNG: August prices weaken on poor Asian demand
Asian spot Liquefied Natural Gas (LNG) prices eased slightly last week as many traditional buyers remained on the sidelines and traders instead turned their focus to tenders in India.
Culture is Nigeria’s new oil – Otunba Runsewe
The new Director-General of National Council for Arts and Culture, Otunba Olusegun Runsewe (OON), last Saturday, took a significant step in his journey and mission to reposition the country’s cultural industries as ‘Nigeria’s next oil’. That step was the National Stakeholders Meeting on Cultural Industries Forum organised by the council in Lagos.
Naira stable at $364/$ as CBN injects $195m
The Central Bank of Nigeria (CBN) yesterday injected $195m into the inter-bank forex market to meet the requests of customers in the various segments of the market.
