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Oil prices could hit $100 per barrel over the next six months if we have a colder-than-usual winter, which could be the most important driver of global energy markets in the coming months, Bank of America says. Oil Prices Could Climb Above $100 If winter temperatures in the northern hemisphere turn out to be below seasonal…
September 15, 2021
Cigarette manufacturing giant, British American Tobacco (BAT) allegedly ran a mass surveillance operation and informant network in South Africa in recent years, making questionable payments to collaborators in 10 other African countries to the tune of $600,000 to undermine tobacco control policy on the continent, a new report by STOP -- a global tobacco industry…
September 14, 2021
The surge of the Delta variant around the globe is set to partially delay oil demand recovery into the next year when robust economic growth and stronger recovery in fuel consumption will see global oil demand averaging 100.8 million barrels per day (bpd) and exceeding pre-COVID levels, OPEC said on Monday, raising its 2022 demand…
September 14, 2021
OPEC saw its crude oil production rise by 150,000 barrels per day (bpd) in August, data from secondary sources in the cartel’s monthly report showed, but even at higher quotas, the members part of the OPEC+ pact pumped less than estimated by tanker tracking surveys and less than the OPEC overall quota in the agreement.…
September 14, 2021
The oil and gas industry in Nigeria got a boost with the official inauguration of the Nigerian Content Research and Development Fund and its council by the Minister of State for Petroleum Resources, Timipre Sylva, on Thursday. The council aims to drive the Nigerian Content Development and Monitoring Board’s intervention in research and development. The…
September 10, 2021
Orders Parties To Maintain Status Quo Hours after Lagos joined Rivers to enthrone a Value Added Tax Law, the Court of Appeal Abuja Division has ordered all the parties to maintain the status quo. The court order was specifically directed against the Rivers Government, the Federal Inland Revenue Service (FIRS) and the Attorney-General of the…
September 10, 2021
Nigeria spent a total of N601.51 billion on the importation of motor vehicles in the first half of the year, a report by the National Bureau of Statistics (NBS) has revealed. The report disclosed that the figure represents a 15% increase compared to N523.57 billion recorded in the same period in 2020. Further breakdown of…
September 8, 2021
Lagos, Akwa Ibom and Adamawa have joined the Rivers State Government to stop the Federal Government from collecting Value Added Tax, VAT. According to the Director-General, Media and Communications, Adamawa State Government, Solomon Kumangar, the collection of VAT by the states will reduce the dependency of a lot of states on federal allocation. The Akwa…
September 8, 2021
The Equities market of the Nigerian Exchange (NGX) Limited has been ranked as the best investment asset class to hedge against inflation from August 2020 to August 2021. The Financial Derivatives Company (FDC) disclosed in the inflation vs investment return data released for August, on Sunday, in Lagos. Among the four asset classes tracked by…
September 6, 2021
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Oil prices could hit $100 per barrel over the next six months if we have a colder-than-usual winter, which could be the most important driver of global energy markets in the coming months, Bank of America says. Oil Prices Could Climb Above $100 If winter temperatures in the northern hemisphere turn out to be below seasonal…
September 15, 2021
Cigarette manufacturing giant, British American Tobacco (BAT) allegedly ran a mass surveillance operation and informant network in South Africa in recent years, making questionable payments to collaborators in 10 other African countries to the tune of $600,000 to undermine tobacco control policy on the continent, a new report by STOP -- a global tobacco industry…
September 14, 2021
The surge of the Delta variant around the globe is set to partially delay oil demand recovery into the next year when robust economic growth and stronger recovery in fuel consumption will see global oil demand averaging 100.8 million barrels per day (bpd) and exceeding pre-COVID levels, OPEC said on Monday, raising its 2022 demand…
September 14, 2021
OPEC saw its crude oil production rise by 150,000 barrels per day (bpd) in August, data from secondary sources in the cartel’s monthly report showed, but even at higher quotas, the members part of the OPEC+ pact pumped less than estimated by tanker tracking surveys and less than the OPEC overall quota in the agreement.…
September 14, 2021
The oil and gas industry in Nigeria got a boost with the official inauguration of the Nigerian Content Research and Development Fund and its council by the Minister of State for Petroleum Resources, Timipre Sylva, on Thursday. The council aims to drive the Nigerian Content Development and Monitoring Board’s intervention in research and development. The…
September 10, 2021
Orders Parties To Maintain Status Quo Hours after Lagos joined Rivers to enthrone a Value Added Tax Law, the Court of Appeal Abuja Division has ordered all the parties to maintain the status quo. The court order was specifically directed against the Rivers Government, the Federal Inland Revenue Service (FIRS) and the Attorney-General of the…
September 10, 2021
Nigeria spent a total of N601.51 billion on the importation of motor vehicles in the first half of the year, a report by the National Bureau of Statistics (NBS) has revealed. The report disclosed that the figure represents a 15% increase compared to N523.57 billion recorded in the same period in 2020. Further breakdown of…
September 8, 2021
Lagos, Akwa Ibom and Adamawa have joined the Rivers State Government to stop the Federal Government from collecting Value Added Tax, VAT. According to the Director-General, Media and Communications, Adamawa State Government, Solomon Kumangar, the collection of VAT by the states will reduce the dependency of a lot of states on federal allocation. The Akwa…
September 8, 2021
The Equities market of the Nigerian Exchange (NGX) Limited has been ranked as the best investment asset class to hedge against inflation from August 2020 to August 2021. The Financial Derivatives Company (FDC) disclosed in the inflation vs investment return data released for August, on Sunday, in Lagos. Among the four asset classes tracked by…
September 6, 2021
