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News and Events

Market Weekly Update 07/06/2021 to 12/06/2021

OIL Brent crude continued its upward trend last week. It ended the week at a price of $69.3 per barrel, representing a 4.6% increase W-o-W.  Oil prices are expected to continue in this trend as supply remains constrained and demand recovers.  METALS Metals were generally

Mining: FG Revokes 1,566 Mineral Titles

The federal government Thursday announced that it has so far revoked not less than 1,566 mineral titles from licensed industries on what it termed ‘”use-it-or-lose-it process.” The Director-General, Mining Cadastre Office (MCO), Mr. Obadiah Nkom, stated this when the Minister of Mines and Steel Development,

Minister: Dangote Petroleum Refinery to save $11b for Nigeria

MINISTER of Finance, Budget and National Planning, Mrs Zainab Ahmed, has said Dangote Petroleum Refinery will save the nation $11 billion. The money would have been used for importation of petroleum products. The minister noted that the refinery will also encourage other investors to better

FG suspends Turkish Airlines operations in Nigeria

The Federal Government has ordered Turkish Airlines to suspend its operations in Nigeria due to repeated cases of poor passenger treatment by the international carrier. It gave the directive through the Nigeria Civil Aviation Authority, directing the airline to suspend its operations until it was

NLTP: Nigerian government turning game reserves into ranches

The federal government will soon begin remodelling grazing reserves into ranches in seven states in Nigeria as it moves towards implementing its controversial National Livestock Transformation Plan (NLTP). The Executive Secretary of the National Commission for Nomadic Education (NCNE), Bashir Usman, disclosed this on Tuesday,

There won’t be fuel scarcity at Christmas – FG

The Federal Government on Monday assured Nigerians of adequate fuel supply this Yuletide. It gave the assurance during a meeting in Abuja with stakeholders in the oil and gas sector. The meeting, which held at the Presidential Villa, was chaired by the Chief of Staff