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Oil futures rose 1 percent on Wednesday, boosted by a surprise drawdown in U.S. crude stockpiles, but an escalating U.S.-Chinese trade fight limited oil’s gains as investors worried about the global outlook for energy demand. Brent crude futures rose 66 cents to $70.54 a barrel, a 0.9 percent gain, by 11:10 a.m. EDT (1510 GMT). […]

A gauge of world equity markets rose and safe-haven bond prices fell on Wednesday after the White House said it had received an indication from China that it wanted to make a trade deal with the United States that had appeared on the brink of unraveling.0 Gold prices earlier hit their highest in more than […]

The Securities and Exchange Commission (SEC) has said that it has approved MTN Nigeria’s  application to list on the Nigerian Stock Exchange (NSE) by way of introduction. Efe Ebelo, the SEC head, corporate communications,  confirmed this to the News Agency of Nigeria (NAN) in Lagos. Ebelo said the commission has approved the company’s application to […]

After watching their operating profit plummet by 41.2 percent as a result of the introduction of the new excise duties, Nigerian Breweries Plc., has stated that an increase in prices of some of their products was on the cards as the brewers look to cushion the effect of the duties on their 2019 revenue. Speaking […]

The rise in the bill collection efficiency of electricity distribution companies to N438bn without a commensurate improvement in supply and metering has been criticised by consumers. In the latest report on the performance of Discos, it was observed that the power distributors posted a 21 per cent increase in their bill collection efficiency in 2018 […]

Donald Trump’s tax returns show that he lost so much money in the mid-1980s to 1990s that he paid no income tax for eight out of 10 years during that period, according to a new report. The income tax records were obtained by The New York Times, and represent the most detailed look into the president’s personal taxes yet, […]

Oil prices slipped nearly 2 percent on Tuesday, on track to fall to their lowest levels in over a month as renewed doubts over U.S.-China trade talks stoked concerns over global growth and demand even though U.S. sanctions on Iran and Venezuela tightened supply and helped stem losses. Brent futures were down $1.36, or 1.9 […]

The Naira on Tuesday gained 40 Kobo to exchange at N359 to the dollar at the parallel market in Lagos, stronger than N359.6 traded on Monday. The Pound Sterling and the Euro closed at N470 and N402, respectively. Trading at the Bureau De Change (BDC) segment saw the naira closing at N360 to the dollar, […]

A Lagos Division of the Federal High Court on Tuesday rejected a preliminary objection filed by the Attorney General of the Federation, Abubakar Malami, seeking to dismiss the N3 billion suit filed by mobile telecommunications giant, MTN, against the Nigerian government. Chukwujekwu Aneke, the judge, ruled that the suit was not filed “out of time,” […]