Oil Prices Tumble to One-Year Low, Begins Recovery After Rumoured Planned OPEC Cut
OPEC and allies including Russia, a group known as OPEC+, will meet on December 4, to decide the next line of action.
NNPC, Major Marketers Intensify Collaboration to End Fuel Scarcity
They called for a quick intervention by the federal government to improve petrol supply.
Nigeria’s Debt Service Burden to Soar as Local Borrowing Costs Jump to Five-Year High
Since May, the apex bank had lifted rates by 500 basis points to 16.5 per cent.
Nigeria’s Inflation Rate will Fall Steadily to Less than 15% by Q4 2023, Says CBN Chief Emefiele
He says the apex bank is succeeding with various monetary policy measures.
Petrol Scarcity Worsens in Lagos as Transporters Allege Rationing By Marketers
Transport fares have soared by 200% in Lagos.
Air Peace Resumes Uyo Operations December 1, Announces N50,000 Uyo Re-Launch Fare
The airline recently received 6 Airbus aircraft to support its domestic and regional operations.
EU Frets Over Twitter Job Losses as Hate Speech Grows
Tech entrepreneur Musk moved to cut around half of Twitter’s 7,500 workforce
Musk Sets Twitter Poll for ‘General Amnesty’ of Suspended Accounts
“Should Twitter offer a general amnesty to suspended accounts, provided that they have not broken the law or engaged in egregious spam?” Musk tweeted.
EU to Warn Twitter and Facebook to Stick to Rules
The social media giants’ EU operations are based in Ireland, and Brussels is worried that a wave of job losses will undermine their content moderation and data protection standards.
Oil Price Slumps on Reported OPEC’s Plan to Raise Production by 500,000bpd
Nigeria’s benchmark Brent oil sold for $86 per barrel while the West Texas International slumped to $78.
World Bank President Says Nigeria Urgently Needs to Strengthen Fiscal Management
He harped on need to create a unified, stable, and market-based exchange rate.
Buhari, National Assembly Urged to Halt Plan to Auction More 5G Spectrum Licences
NEBRIL said an end-of-tenure bonanza in a critical sector like telecoms was self-serving, dubious, unethical and a brazen act of economic sabotage.
History as Buhari Supervises Crude Oil Drilling in Northern Nigeria
The president will conduct the ground-breaking ceremony of the Kolmani OPL 809 and 810 located in Bauchi and Gombe states.
New Tax will Collapse Soft Drinks Sector, Nigerian Manufacturers Cry Out
They said the prevailing N10 per litre tax regime was already crippling the sector.
Nigeria’s Fiscal Deficit May Widen to 6.2% of GDP in 2022, Says IMF
It advised the Nigerian government to remove fuel subsidies, tackle oil thieves and reform FX.
Shell Completes Turnaround Maintenance on 225,000bpd Bonga FPSO ahead of Schedule
Shell pioneered deepwater development in Nigeria, when SNEPCo launched the Bonga FPSO vessel in November 2005.
Dangote, Seplat, Julius Berger, MTN Executives Are Top Earners, as Average Remuneration of Nigerian CEOs Dropped to N332.49m in 2021
This amounted to an 11.62% drop.
Lagos Court Restrains Nigeria Air from Partnership with Ethiopian Airlines, Aviation Minister Says No Going Back
But despite the court ruling, the Minister of Aviation, Hadi Sirika on Tuesday insisted that the federal government would not go back on the plan to establish the national carrier
Lagos Court Restrains Nigeria Air
The request for the restraining order was filed by the Airline Operators Of Nigeria.
OPEC Data Shows Angola, Algeria, Libya Overtook Nigeria in October Oil Production
Although Nigeria added 77,000 bpd in October, it wasn’t enough to return the country to the top of the table as Africa’s biggest producer.
