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
The Minister of Agriculture and Rural Development, Sabo Nanono, says the federal government will obtain $1 billion from foreign banks to purchase farming equipment for local farmers in the country. Mr Nanono disclosed this at the inauguration of the committee on the Green Imperative Programme
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,
THE Minister of Mines and Steel Development, Mr. Olamilekan, has stated that 1, 759 illegal mining sites have been uncovered across the country. Adegbite made this known at the 3rd National Council on Mining and Minerals Resources Development, NCMMRD, meeting in Ado-Ekiti, Ekiti State, with
Governor Godwin Obaseki of Edo State has said the oil palm sector can create over 600,000 jobs by 2030 if fully harnessed. Obaseki, who disclosed this yesterday in Benin during the launching of Edo State Oil Palm Programme, said the sector when fully developed, would
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
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
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,
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
The 16th President of the Nigeria-British Chamber of Commerce (NBCC), Mr Kayode Falowo, has pledged to facilitate robust UK-Nigeria trade relations during his tenure. Mr. Falowo gave this commitment at his formal inauguration dinner as the new President of the Chamber in Lagos. Falowo informed members