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Rivers State Governor, Nyesom Wike, has pledged N460 million to the 23 local government area chairmen to fight oil bunkering in the state. This implies that each chairman will receive…
U.S Treasury Hits 2-Year High, Rising Yields Soften Stocks U.S Treasury: United States (U.S) stocks market dips at midday after government bond yields surged and financials led decliners as higher…
Oil Prices Near 7-Year High on Tight Supply Oil prices started the week higher, with both Brent crude and West Texas Intermediate (WTI) crude prices approaching their seven-year highs, Commerzbank…
Naira Appreciates Against Dollar at Official FX Window The Nigerian local currency appreciates against the United States dollar on Monday as the exchange rate settled at N416.33 at the Investors…
Professor Pat Utomi Political Economist, Professor Pat Utomi, on Sunday told a hybrid meeting of Nigerians in Dallas, Texas, in the United States, that they had a duty to champion…
Nigeria’s Oil Output Falls 50,000 Barrels, Widens OPEC+ Quota Nigeria’s crude oil output tumbles by 50,000 barrels per day as the Organisation of Petroleum Exporting Countries and allies (OPEC+) quotas…
Oil Falls Over Pressure on OPEC+ to Meet Production Quotas Crude prices edged lower amid growing pressure for the White House to lobby the Organization of the Petroleum Exporting Countries…
Naira Skids at Official, Parallel Markets as Oil Receipts Underperform The Nigerian local currency, naira, traded weak at the official window as oil revenue underperformed expectation, causing fiscal slippage amidst…
Oil Prices Retreat After Gaining 10% in January Oil prices eased on Thursday, pausing a rally that pushed prices up 10% since the beginning of the year. The crude oil…
Some of the trucks intercepted by the police for oil bunkering in the Rivers State. The Rivers State Police Command has arrested five members of the same family for allegedly…