London — Hedge funds continue to bet on a recovery in oil prices, but their bullishness is concentrated on crude, especially U.S. crude, while refined fuel markets are expected to take... Read more
Abidjan, Côte d’Ivoire -– The Board of Directors of the African Development Bank on Friday approved a loan of 88 million euros to Senegal, hit hard by the novel coronavirus pandemic, in supp... Read more
OpeOluwani Akintayo Lagos — The Nigerian National Petroleum Corporation has said it anticipates a remittance of N1.27tn to the federation account. In a presentation to journalists on T... Read more
Abuja — The National Bureau of Statistics, NBS, says Nigeria’s economy grew 1.87% in the first three months of 2020 from a year earlier. The bureau said Monday the economy shrank from... Read more
Johannesburg — South African petrochemicals giant Sasol, which has been hit by high debt levels and falling oil and chemical prices, on Friday said it expected full-year headline earni... Read more
Lagos — Friday trading activities on the floor of Nigerian Stock Exchange for energy companies ended on positive note as all active traders recorded gains, Double One topping the chat... Read more
London/Singapore — Global stocks rose to a 10-week high on Wednesday as investors regained hopes of recovery from a coronavirus-fuelled recession, while oil prices also strengthened. I... Read more
Lagos — Oando Plc continued its leading strides in trading activities on the floor of the Nigerian Stock Exchange for energy companies as it ended Wednesday’s market activities o... Read more
Lagos — Tuesday’s trading activities on the floor of Nigerian Stock Exchange for energy companies ended slightly on a positive note with Oando Plc bouncing back with a gain. Oand... Read more
New York — A gauge of global equity markets surged more than 2% on Monday and oil rallied to highs last seen in mid-April as data from a potential COVID-19 vaccine trial lifted both se... Read more
