Browsing Tag

Benchmark

Why CBN is right in retaining benchmark interest rate — Gwadabe

Uju Sep 27, 2017 0

The president of the Association of Bureaux De Change Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe, on Wednesday defended the CBN’s retention of the benchmark interest rate and other monetary policy parameters.The CBN’s Monetary…

Business

Oil price rises toward $57 dollars even as U.S. crude inventories set for best Q3 since 2004

Uju Sep 21, 2017 0

Oil prices rose on Wednesday in spite of a rise in U.S. crude inventories with the market heading for its largest 3rd quarter gain in 13 years after the Iraqi oil minister said OPEC and its partners were considering extending or deepening…

Business

Oil rises toward $53 a barrel

Uju Aug 9, 2017 0

Oil rose toward 53 dollars a barrel on Wednesday ahead of a U.S. inventory report expected to show crude stocks dropped for a sixth week.Brent crude LCOc1, the global benchmark, was up 50 cents at 52.64 dollars, after two days of decline.…

Business

Oil market uncertainties will affect 2017 budget — Kachikwu

Uju Jul 13, 2017 1

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, says the 2017 budget implementation will be affected by growing uncertainties in the global oil market.Kachikwu made the statement at a news conference on Wednesday in…

Agriculture

FG introduces new guidelines, benchmarks for raw sugar allocation

Uju Jul 4, 2017 1

National Sugar Development Council (NSDC) says Federal Government has introduced new guidelines and benchmarks for raw sugar allocation for operators in the sector.Executive Secretary of the council, Dr Latif Busari, made this known in…