Dangote Refinery drops PMS to N1,165/litre, diesel to N1,570/litre
By Peter Egwuatu Dangote Petroleum Refinery has announced a reduction in the ex-depot prices of Premium Motor Spirit (PMS) and Automotive Gas Oil (Diesel), effective Thursday 6th of August, thereby reaffirming its commitment to providing affordable, high-quality petroleum products to the Nigerian market. The company in a statement said, under the new pricing structure, the […]
Addressing food security through biotechnology
Today, more than 800 million people around the world are malnourished, meaning they do not get the minimum energy requirements set by the United Nations Food and Agriculture Organisation (FAO) of 1,690 calories per day for an urban adult and 1,650 calories for a rural dweller.
CBN to reduce interest rate on N220bn MSMSE Fund
The Central Bank of Nigeria (CBN) will soon review downward the interest rate for borrowing through the N220 billion Micro, Small And Medium Enterprises (MSME) fund.
Brent rebounds above $71 in turbulent oil market
Brent rose to $71 a barrel yesterday, recovering some of its losses from the previous session as a turbulent market searched for a price floor after a nearly 40 percent fall since June. Oil has seen choppy trade since the Organisation of the Petroleum Exporting Countries (OPEC) said last week it would not lower output despite an oversupplied market.
NSE to commence trading on Derivatives in 2016
The Nigerian Stock Exchange, NSE, has disclosed plan to commence trading in financial derivative in 2016.
Oil steadies below $73 after hitting five-year low
Brent crude oil steadied below $73 a barrel yesterday, although Russian and Nigerian currencies remained under pressure on persistent doubts over their central banks’ ability to provide support. With Brent crude trading at about $72, breaking a five-day losing streak, the rouble staged a brief rally but headed lower again, losing 1.4 percent against the dollar.
