Oil prices were largely up yesterday as traders waited to see whether oil- producing countries set to meet in Vienna, Austria would extend production limits to reduce the global crude glut. The brent crude was trading at $56.29 dollars a barrel. U.S. crude was 50.64 dollars. Ministers from the Organisation of Petroleum Exporting Countries (OPEC), Russia

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The level of insider abuses perpetrated by bank chief executives and other key stakeholders are worrisome to the Central Bank of Nigeria (CBN). CBN Governor Godwin Emefiele, who yesterday expressed the apex bank’s dismay over the level of corporate governance abuses perpetrated by the top echelon in banks, said the regulator would

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The National Bureau of Statistics (NBS) said Nigeria’s total export value stood at N3,102 billion in the second quarter, representing a marginal increase over the first quarter. The NBS stated this in ”Foreign Trade in Goods Statistics for Second Quarter 2017,’’ released yesterday in Abuja. The bureau stated that the value recorded in the quarter under

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Stamp Duty charges on bank transactions may have yielded trillions of naira, but the revenue is unremitted to the Federation Account, The Nation has learnt. The fate of the revenue, which is believed to have risen to over N7trillion as at 2015, has pitched the Nigerian Interbank Settlement System (NIBSS) against the School of Banking Honours

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As the country exits recession, the Central Bank of Nigeria (CBN), said the economy will continue to improve in the days and years ahead. Speaking at the CBN’s 24th seminar for finance correspondents and editors in Awka, Anambra State yesterday, the CBN Governor, Mr Godwin Emefiele said he is “hugely optimistic that improved outcomes will be

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The Federal Ministry of Agriculture, said on Tuesday that Nigeria’s estimated annual demand for maize was almost eight million tonnes. Mrs Karima Babangida, Director, Federal Department of Agricultural Extension, said this at a seven-day training workshop for women on modern skills of maize production, processing and marketing. NAN reports that

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With the relative peace in the Niger Delta and some level of stability attained in oil production, the exemption granted to Nigeria by OPEC is due for review. The cartel’s committee will on September 22 meet to review oil sector developments in Nigeria and Libya. The committee may recommend that both countries cap their oil production

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