Oil Slumps on Expected Slowdown in US Demand
Oil Slumps on Expected Slowdown in US Demand Oil prices declined on Wednesday over forecasts of a limited draw in United States (US) crude stockpiles that fell short of market…
IEA See 2% Growth in Global Electricity Demand
IEA See 2% Growth in Global Electricity Demand The International Energy Agency (IEA) expects global demand for electricity to increase by just fewer than two per cent in 2023. IEA…
South Africa Inflation Slows to 5.4% Amidst Zero Growth Forecast
South Africa Inflation Slows to 5.4% Amidst Zero Growth Forecast South Africa’s annual inflation rate fell to 5.4% in June from 6.3% in May, data from the statistics office showed…
UK Inflation Falls to Lowest Since March 2022
UK Inflation Falls to Lowest Since March 2022 The United Kingdom’s (UK) annual inflation fell in June 2023 after stalling in the previous month, mainly thanks to the significant decline…
Subsidy: Tinubu Reviews Palliative Programme
Subsidy: Tinubu Reviews Palliative Programme President Bola Tinubu has directed the immediate review of the palliative to cushion the effect of removal of fuel subsidy. In a statement issued by…
Naira Gains 6.58% to N742.93 as FX Supply Meets Demand
Naira Gains 6.58% to N742.93 as FX Supply Meets Demand The Nigerian naira reclaimed significant value against the dominant foreign currency Tuesday at the organised market or official window as…
NGX Spikes by N448bn as Market Sentiment Improves
NGX Spikes by N448bn as Market Sentiment Improves The equities segment of the Nigerian Exchange (NGX) consolidated its bullish position following a spike in the market price of Dangote Cement…
Oil Rebounds on China’s Fiscal Stimulus
Oil Rebounds on China’s Fiscal Stimulus Oil prices posted limited increases on Tuesday over hopes that the Chinese government will unveil fiscal stimulus measures to jumpstart the sluggish economy, as…
Houston to Invest in Nigeria’s Energy, Oil & Gas Sectors
Houston to Invest in Nigeria’s Energy, Oil & Gas Sectors Houston, Texas, USA has expressed readiness to invest in Nigeria’s energy, agriculture, technology and oil and gas sectors. Mr Sylvester…
Reps to Include Gele-Gele Seaport Revitalisation in Budget
Reps to Include Gele-Gele Seaport Revitalisation in Budget The House of Representatives says it will include the revitalisation of Gele-Gele Seaport in Edo in the 2024 budget estimates. This followed…