Acting Director-General of the Securities and Exchange Commission, SEC, Ms. Mary Uduk, yesterday, disclosed that emergency measures needed to be put in place by the country to insulate the Nigerian economy against expected shocks caused by the falling crude oil prices and increasing spread of coronavirus.

By Michael Eboh Acting Director-General of the Securities and Exchange Commission, SEC, Ms Mary Uduk, yesterday, disclosed that emergency measures needed to be put in place by the country to insulate the Nigerian economy against expected shocks caused by the falling crude oil prices and increasing spread of coronavirus. Addressing newsmen in Abuja, on its […]

By Ediri Ejoh MORE trouble continues to loom for the  Federal Government’s budget 2020, over global crash in crude oil price, which saw the price of nation’s, Bonny light tumbling further from $46 per barrel,  to $37.22 a 19.66 percent decline. This was coming on the heels of a presidential committee action for review of […]

THE Energy International Agency IEA, yesterday cautions that the world economy cannot afford an oil barrel price hitting $100 per barrel.

Oil extended losses Wednesday after US President Donald Trump hinted at easing tensions over Iran, with New York prices sliding 4.6 per cent. WTI, already dropping before Trump spoke, sharply extended its losses to fall under $60 per barrel and Brent crude shed 3.7 per cent to $65.78 after the president said Iran appeared to […]

Oil prices jumped nearly $2 a barrel and gold, the yen and safe-haven bonds surged on Friday, after a U.S. air strike killed a top Iranian commander in Iraq, ratcheting up tensions between the two powers. Traders were clearly spooked after the death of Iranian Major-General Qassem Soleimani, head of the elite Quds Force. Iranian […]

Oil prices slipped on Tuesday for a second straight session as the cons of a slowing global demand outlook outweighed the pros of OPEC’s agreement with associated producers at the end of last week to deepen crude output cuts in early 2020. Brent futures were down 11 cents, or 0.2 per cent, at 64.14 dollars […]

Oil prices slipped for a second straight session on Tuesday as a slowing global demand outlook outweighed OPEC’s deal with associated producers last week to deepen output cuts in 2020. Brent crude was down 17 cents, or 0.3%, at $64.08 per barrel by 0954 GMT while West Texas Intermediate oil was down 21 cents, or […]

By Michael Eboh & Prince Okafor The Nigerian National Petroleum Corporation, NNPC, yesterday, expressed concern that the persistent volatility in the price of crude oil is putting immense pressure on the local content initiative of the Federal Government. Speaking in Bayelsa, at the ongoing 9th Practical Nigerian Content, Group Managing Director of the NNPC, Mallam […]

Oil prices fell on Monday on concerns about slackening global demand that outweighed bullish signals from Europe, where fears of an economically damaging no-deal Brexit have eased.