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Asian and European stock markets have tumbled after US values returned to levels not seen since the start of the year.
Oil prices dipped on Tuesday amid expectations of an increase in U.S. crude inventories, but signs of a fall in Iranian oil exports this month kept losses in check.
OPEC Secretary-General, Mohammad Barkindo, said on Thursday that there are many non-fundamental factors influencing the oil market that are beyond oil producers’ control.
The International Monetary Fund (IMF) has warned Nigeria and other oil exporting nations in dire need of structural reforms not to be tempted to delay the exercise due to the current higher oil prices.
The dollar continued to brush aside other currencies Thursday after further proof of the booming US economy sent Treasury yields surging, but Asian equities sank with more Federal Reserve rate hikes looking certain.
Oil traded above 85 dollars a barrel on Wednesday, supported by expectations that U.S. sanctions on Iran will tighten supply and strain the ability of Saudi Arabia and other producers to pump more.
Oil prices rose on Monday as U.S. markets tightened just weeks ahead of Washington’s plan to impose new sanctions against Iran.
Oil prices were mixed on Friday after falling in the previous session as US President Donald Trump urged the Organisation of Petroleum Exporting Countries to lower crude prices ahead of its meeting in Algeria this weekend.
Asian markets sank on Monday following reports that Donald Trump is planning to hit China with another round of tariffs, dealing a blow to hopes for talks between the two economic giants.
Hong Kong and Shanghai led a broad sell-off across most Asian markets Monday after Donald Trump threatened to impose tariffs on all Chinese imports, ramping up fears of an all-out trade war between the world's top two economies.
Brent oil rose to approximately 74 dollars a barrel on Wednesday as an industry report showing a drop in U.S. crude inventories and U.S. sanctions on OPEC producer, Iran, pointed to tighter supplies.
The national leadership of the People’s Democratic Party (PDP) has urged Chief Bode George and other disgruntled chieftains of the party in Lagos state to put aside their personal and parochial differences and work with the executive committee in the state chapter.
An unnamed Nigerian player has been sacked by his Slovenian club side after he admitted to impregnating the Club President’s daughter.
Air traffic engineers in the country have called on aviation authorities to invest more in building capacity of members in the area of cyber security in order to forestall cyber-attacks on the Communication Navigation and Surveillance/Air Traffic Management (CNS/ATM) domain.
Lagos State Governor, Mr. Babajide Sanwo-Olu, on Monday said the state government owned Adeniran Ogunsanya College of Education is to be upgraded to a University of Education.
Onyeama explained that the recent Corporate Award of Excellence to the airline by University of Ibadan was in recognition of its unparalleled excellence in the delivery of safe and comfortable flights.
Nigerian attacker Kelechi Iheanacho has attributed his new found form to hard work and determination.
Isa Ali Ibrahim Pantami, the Minister of Communication and Digital Economy, has mandated the Nigerian Communications Commission (NCC) to adhere strictly to the provisions of the Executive Orders 003 and 005 as contained in the presidential directives of May 1, 2017 and February 12, 2018 respectively, in awarding contracts in the sector.
Two months into closure of Nigeria’s land border to curb smuggling activities, especially rice, President Muhammadu Buhari’s administration is betting on same measure to rekindle the agriculture sector.
The Governing Council of Ekiti State University, Ado Ekiti, has approved the dismissal of a lecturer in the Department of Accountancy, for allegedly sexually harassing a female student.
Yobe State governor Mai Mala Buni has directed the suspension of the district Head of Fannami Ward, Lawan Mari from Bade Local Government for alleged sodomy with a six year-old-boy.