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Thursday, December 14, 2017
Business

Business

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Brent crude oil prices jumped above $65 per barrel after the shutdown of the Forties North Sea pipeline knocked out significant supplies from a market that was already tightening due to the Organization of the Petroleum Exporting Countries (OPEC)...
The Federal Government on Monday announced that when some power generation projects were completed by 2018, they could generate additional 1,129 Mega Watts to the current 7,000 Mega Watts in the country. The Minster of Power, Works and Housing, Mr...
Beer can be turned into fuel and could become a sustainable alternative to petrol, scientists have found. Chemists at the University of Bristol have spent years developing technology to convert widely-available ethanol into butanol. Butanol is a better fuel alternative to...
The Central Bank of Nigeria (CBN) on Friday warned Nigerians against abusing the naira notes. The apex bank said that anyone caught abusing the naira would be prosecuted and if convicted the person risked six months in jail or a...
Barely 24 hours after oil workers under the aegis of the Independent Petroleum Marketers Association of Nigeria, Lagos State Chapter, suspended the plan to withdraw their services, the Petroleum and Natural Gas Senior Staff Association of Nigeria on Thursday...

The naira, yesterday, appreciated to N360.31 per dollar in the Investor and Exporter (I&E) window, while the volume of dollars traded dropped by 7 per cent. Data from the Financial Market Dealers Quote (FMDQ) showed that indicative exchange rate for...
Bitcoin surged past $17,000 Thursday as the frenzy surrounding the virtual currency escalated just days before it starts trading on major U.S. exchanges. Bitcoin has gained more than $5,000 in just the past two days. At the same time, there are fresh...
The Minister of Information, Alhaji Lai Mohammed, on Wednesday dispelled the rumour that the pump price of Premium Motor Spirit (PMS) would be increased. He gave this explanation while addressing state house correspondents at the end of the Federal Executive...
The Central Bank of Nigeria on Monday opened the foreign exchange market with the injection of another $210m to sustain liquidity. The acting Director, Corporate Communications Department, CBN, Mr. Isaac Okorafor, said the sum of $100m was offered to the...
The Nigerian Ports Authority, NPA, on Tuesday said five out of eight ships waiting to berth in Lagos ports contained petrol. The ports authority stated this in its daily `Shipping Position’ released in Lagos. The document indicated that the remaining three...
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