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Back in April 2020, the landlocked West Texas Intermediate crude oil price briefly crashed into negative territory - a stunning turn of events that cost traders massive losses - when the spot oil market found itself with an unprecedented glut as there was literally too much oil to be stored, and as such those traders…
October 22, 2021
The Africa Climate Justice Group (ACJG), a coalition of 17 movement-based organisations in Africa is set to orgainse a counter Conference of the Parties (COP) on Climate Change ahead of the United Nations' main event -- the COP26 in Glasgow, United Kingdom. The group in a statement made available to The New Diplomat said the counter COP…
October 22, 2021
Brent oil futures topped $85 a barrel for the first time since October 2018, the latest milestone in a global energy crunch that has seen prices soar. Crude futures have jumped in recent weeks as natural gas prices hit records. On Thursday, the International Energy Agency said the crisis is spilling into oil markets and…
October 16, 2021
The Accountant-General of the Federation (AGF), Alhaji Ahmed Idris, has reaffirmed the Federal Government’s commitment to deepening transparency, accountability and efficiency of public resources for common good. Idris, represented by Mr Salawu Zubairu, the Director in-charge of Consolidated Account at the Office of the AGF, said this at the closing ceremony of the two-day 2021…
October 15, 2021
Oil Benchmark at $57pb; Exchange Rate at N410 per USD inside budget Parameters/Breakdown below President Muhammadu Buhari has presented a budget estimate of N16.39 trillion for the 2022 fiscal year. The president presented the 2022 Appropration Bill before a joint session of National Assembly on Thursday. Speaking on the 2021 Appropriation Bill, Buhari commended his…
October 7, 2021
President Muhammadu Buhari is set to present the budget estimates for the 2022 fiscal year before a joint session of the National Assembly on Thursday. This was disclosed in a letter dated October 4, 2021, addressed to the President of the Senate, Dr. Ahmad Lawan and read out by the Deputy Senate President, Senator Ovie…
October 6, 2021
Apologises as company's shares fall by 5.5% in one day ...Zuckerberg loses $7bn to outage Social media giant, Facebook has been offering explanation as to why its operations were shut down on Monday, grinding global economy to the tune of $160m per hour, according to NetBlocks, a firm tracking internet outages around the world. In…
October 5, 2021
President Muhammadu Buhari, in the week under review, has directed key government and security agencies to find lasting solution to the disruptive and unpatriotic activities of middlemen and hoarders of food items. The News Agency of Nigeria (NAN) reports that the president’s directive contained in Friday’s broadcast to mark Nigeria’s 61st Independence Anniversary, was aimed…
October 3, 2021
Former Governor of Central Bank of Nigeria (CBN) and immediate past Emir of Kano, HRH Muhammadu Sanusi II, has said Nigeria is investing its scarce resources to subsidize Premium Motor Spirit (PMS) otherwise known as petrol that never arrived at the country’s shores. The former CBN governor described the controversial fuel subsidy regime as a…
October 1, 2021
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Back in April 2020, the landlocked West Texas Intermediate crude oil price briefly crashed into negative territory - a stunning turn of events that cost traders massive losses - when the spot oil market found itself with an unprecedented glut as there was literally too much oil to be stored, and as such those traders…
October 22, 2021
The Africa Climate Justice Group (ACJG), a coalition of 17 movement-based organisations in Africa is set to orgainse a counter Conference of the Parties (COP) on Climate Change ahead of the United Nations' main event -- the COP26 in Glasgow, United Kingdom. The group in a statement made available to The New Diplomat said the counter COP…
October 22, 2021
Brent oil futures topped $85 a barrel for the first time since October 2018, the latest milestone in a global energy crunch that has seen prices soar. Crude futures have jumped in recent weeks as natural gas prices hit records. On Thursday, the International Energy Agency said the crisis is spilling into oil markets and…
October 16, 2021
The Accountant-General of the Federation (AGF), Alhaji Ahmed Idris, has reaffirmed the Federal Government’s commitment to deepening transparency, accountability and efficiency of public resources for common good. Idris, represented by Mr Salawu Zubairu, the Director in-charge of Consolidated Account at the Office of the AGF, said this at the closing ceremony of the two-day 2021…
October 15, 2021
Oil Benchmark at $57pb; Exchange Rate at N410 per USD inside budget Parameters/Breakdown below President Muhammadu Buhari has presented a budget estimate of N16.39 trillion for the 2022 fiscal year. The president presented the 2022 Appropration Bill before a joint session of National Assembly on Thursday. Speaking on the 2021 Appropriation Bill, Buhari commended his…
October 7, 2021
President Muhammadu Buhari is set to present the budget estimates for the 2022 fiscal year before a joint session of the National Assembly on Thursday. This was disclosed in a letter dated October 4, 2021, addressed to the President of the Senate, Dr. Ahmad Lawan and read out by the Deputy Senate President, Senator Ovie…
October 6, 2021
Apologises as company's shares fall by 5.5% in one day ...Zuckerberg loses $7bn to outage Social media giant, Facebook has been offering explanation as to why its operations were shut down on Monday, grinding global economy to the tune of $160m per hour, according to NetBlocks, a firm tracking internet outages around the world. In…
October 5, 2021
President Muhammadu Buhari, in the week under review, has directed key government and security agencies to find lasting solution to the disruptive and unpatriotic activities of middlemen and hoarders of food items. The News Agency of Nigeria (NAN) reports that the president’s directive contained in Friday’s broadcast to mark Nigeria’s 61st Independence Anniversary, was aimed…
October 3, 2021
Former Governor of Central Bank of Nigeria (CBN) and immediate past Emir of Kano, HRH Muhammadu Sanusi II, has said Nigeria is investing its scarce resources to subsidize Premium Motor Spirit (PMS) otherwise known as petrol that never arrived at the country’s shores. The former CBN governor described the controversial fuel subsidy regime as a…
October 1, 2021
