The Organisation of Petroleum Exporting Countries, OPEC, has provided details of the outbreak of Coronavirus pandemic culminated in oil demand contracting by 9-10 million barrels per day in 2020. The Organisation is also looking forward to market rebound by 5-6 million barrels per day this year. This was contained in a statement obtained by The
OPEC Daily Basket – February 17, 2021 OPEC daily basket price stood at $63.04 a barrel Wednesday, 17 February 2021, compared with $62.48 the previous day https://www.opec.org/opec_web/en/press_room/6291.htm
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No Increase in Fuel Price in February – NNPC In spite of the rise in the price of crude oil in the international market, the Nigerian National Petroleum Corporation (NNPC) has ruled out any increment in the ex-depot price of Premium Motor Spirit (petrol) in February 2021. This was disclosed in a press release by
No Increase in Fuel Price in February – NNPC Read More »
The confirmed Coronavirus pandemic cases have increased to 149,369 in Nigeria, according to the Nigeria Centre for Disease Control, NCDC. It stated: “A multi-sectoral national emergency operations centre (EOC), activated at Level 3, continues to coordinate the national response activities. On the 17th of February 2021, 869 new confirmed cases and 8 deaths were recorded
COVID-19: Confirmed cases rise to 149,369 in Nigeria Read More »
WTO members made history when the General Council agreed by consensus to select Ngozi Okonjo-Iweala of Nigeria as the organization’s seventh Director-General. When she takes office on 1 March, Dr Okonjo-Iweala will become the first woman and the first African to be chosen as Director-General. Her term, renewable, will expire on 31 August 2025. “This
History is made as Ngozi Okonjo-Iweala assumes as Director-General Read More »
The Transmission Company of Nigeria, TCN, has recorded a partial system collapse, which disrupted power supply to Lagos and other cities in Nigeria. An investigation by The Daily, https://thedaily-ng.com, showed that the incident disrupted economic and other activities for several hours. However, it should be noted that Nigeria has recorded several power system collapses in
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The African Development Bank’s Sustainable Energy Fund for Africa (SEFA) is providing a $965,000 grant to Morocco’s Société d’Ingénierie Energétique (SIE), to support its transition into the first Super Energy Service Company (ESCO) initiative in Africa. “This support from the African Development Bank will enable the operationalization of the new SIE as a Super ESCO,
By Grace Goodrich Mozambique defied global investment flows by reporting a rise in deal activity in 2020. Now, the country seeks to engage local service providers to supply goods and services to gas megaprojects to drive in-country value generation and retention. While overall transactions dropped by eight percent in sub-Saharan Africa in 2020, in Mozambique,
OPINION: Driving Deal-Making in Mozambique Post-COVID-19 Read More »
Investors and viewers of the Nigerian Television Authority (NTA) stations will now be able to see the daily price information of securities trading on the Nigerian Stock Exchange (NSE). According to the News Agency of Nigeria, NAN, the NSE Chief Executive Officer, Mr Oscar Onyema, said this at the digital closing gong ceremony hosted by
NTA to display NSE ‘Ticker Tape’ across its network Read More »
By Dr, Muda Yusuf The Lagos Chamber of Commerce & Industry notes with concern the continued uptrend in domestic consumer prices as headline inflation further accelerated to 16.47% in January 2021, the highest since May 2017. The up tick in domestic prices was largely driven by the persistent food inflationary pressures, with food inflation hitting