Geopolitical disruption risks without oil spare capacities
Last week oil prices spiked to an all time high in four years since 2014. The international benchmark ICE Brent for December settled at US$86.29 per barrel Wednesday October 3, up US$1.49 per barrel from Tuesday, October 2. The West Texas Intermediate, WTI crude the U.S. benchmark oil futures, rose by US$1.18 per barrel to settle at US$76.41 a barrel on the New York Mercantile Exchange, NYMEX. With rising demand and no spare capacity to be deployed to boost global supply the bullish prediction of oil prices hitting the US$100 mark appear imminent. Many believe that another spike may cripple the industry. The oil market looks up to Saudi Arabia, its allies in the Organization of the Petroleum Exporting Countries, OPEC and Russia would do to calm market supply worries that have contributed to a rise in oil prices above US$86 a barrel last week.
Nike Grammar School: Alumni association earmarks $10m for school projects
The Alumni Association of National Grammar School, Nike in Enugu has earmarked ten million US Dolla for the development of projects that could improve infrastructure in the school within the next five years.
20 countries for Nigeria mining week
Twenty countries have expressed readiness to participate in the 3rd annual Nigeria mining week slated for between Oct. 15 and Oct 17 in Abuja.
Naira stable at N360 to dollar at parallel market
The naira remained stable against the dollar at the parallel market in Lagos on Friday, still exchanging at N360 to the dollar.
Photos: Atiku picks Peter Obi as running mate
Photos: Atiku picks Peter Obi as running mate
2019: Okowa advocates alternative source of funding for INEC
AS members of Nigerian Guild of Editors brainstorm on how to achieve a credible general elections in 2019, Delta State Governor, Senator Dr Ifeanyi Okowa has advocated for change in the funding of Independent National Electoral Commission (INEC) to ensure that the commission is truly independent.
Inlaks rated best Temenos learning community partner in Africa
Information and communication technology, ICT, and infrastructure solutions provider, Inlaks, has been recognized as the best Temenos Learning Community, TLC, partner of 2018 in Africa.
APC Senators dump impeachment threat against Saraki
There were indications on Friday that the All Progressives Congress, APC, in the national assembly may have dropped the threat to impeach the Senate President, Dr. Bukola Saraki to ensure that the administration of President Muhammadu Buhari was not truncated.
N’Delta rebuffs presidency’s attack on Atiku
NATIONAL Chairman of Pan -Niger Delta Forum, PANDEF, the umbrella body of elders, leaders and stakeholders of South-South region, AVM Idongesit Nkanga (retd), yesterday, said the people of Niger Delta were excited about the emergence of Alhaji Atiku Abubakar as the Presidential flag bearer of the Peoples Democratic Party, PDP, and his latest endorsement by former President Olusegun Obasanjo.
Atiku: Ezeife, Olafeso hail choice of Peter Obi
ABUJA- Prominent stakeholders yesterday lauded the choice of former Anambra state governor, Peter Obi as running mate to the Peoples Democratic Party, PDP, Presidential candidate, Atiku Abubakar in the 2019 general elections.
APC accuses Obasanjo of Lobbying US to lift Atiku’s Entry Ban
ABUJA: The ruling All Progressives Congress APC has accused former President Olusegun Obasanjo of lobbying the United States Government to lift the alleged travel ban placed on his former vice, Atiku Abubakar, now the presidential candidate of the Peoples Democratic Party PDP.
Atiku, Peter Obi should be steadfast in restructuring Nigeria–Afenifere
Reacting to Peter Obi’s emergence as Atiku’s running mate, the pan-Yoruba socio-political organisation, Afenifere urged both Atiku and Obi to remain steadfast in restructuring the country.
2019: OBJ’s endorsement of Atiku, a boost to PDP- Onuesoke
FORMER Delta State Governorship aspirant under platform of the Peoples Democratic Party, PDP, Chief Sunny Onuesoke, yesterday said Olusegun Obasanjo’s endorsement of the party’s presidential candidate, Alhaji Atiku Abubakar is a boost to PDP.
I’m under pressure to dump APC — Yari
The dust raised by the just concluded primaries of the All Progressives Congress, APC, has refused settle as the Governor of Zamfara State, Abdulaziz Yari, Friday stated that he was under intensive pressure to dump the party with his supporters.
Capital market indices up by 0.12%
Trading activities on the Nigerian Stock Exchange (NSE) sustained a positive growth on Friday, with Nigerian Breweries leading the gainers’ table.
Glenn Mena revs up ante with Dremo-assisted single “Pull’s Up”
Glenn Mena continues to “Pull Up” Dremo on his much anticipated Tiveri-produced jam’. After collaborating with Jimoh Waxiu on an unreleased banger, he drops another Dremo-assisted single.
