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NSE optimistic on bullish market as equities’ return rises to N1.35 trillion

The Nigerian Stock Exchange (NSE) has expressed optimism that the current recovery at the stock market will be sustained. Its optimism is based on the improved macroeconomic conditions and favourable global economic outlook.

Cowry Asset: Forex market to witness stability in 2020

The foreign exchange (forex) market will witness stability in 2020, while the Central Bank of Nigeria (CBN) will continue to sustain its Open Market Operation (OMO) sales at high interest to continue to attract foreign investors.

Nigerian Navy arrests seven ships laden with stolen crude oil

The Nigerian Navy said its operatives have thwarted an attempt by suspected illegal bunkerers and crude oil thieves to move seven ships fully loaded with crude oil and automotive gas oil (AGO), out of the country.
The Nigerian Guild of Editors, NGE, yesterday, expressed optimism in the ability of the Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mallam Mele Kyari to steer the corporation to enviable heights.

NNPC declares N13.23 billion surplus for October 2019

The Nigerian National Petroleum Corporation (NNPC) recorded a trading surplus of ₦13.23billion in October 2019.
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has insisted that there is no plan to divest the Federal Government’s stakes in joint venture oil assets.

Federal government looking to fund budget, build infrastructure from oil earnings – minister

Minister of State for Petroleum Resources, Chief Timipre Sylva, Tuesday, disclosed that the Federal Government and the entire country is relying heavily on revenue from the Nigerian petroleum industry to finance the country’s annual budget and for the development of critical infrastructure.
The Flag Officer Commanding Eastern Naval Command, Rear Admiral David Adeniran, says his command has destroyed 128 illegal refineries between January to November this year.

Nigerian Navy destroys 128 illegal refineries

The Flag Officer Commanding Eastern Naval Command, Rear Admiral David Adeniran, says his command has destroyed 128 illegal refineries between January to November this year.
Senate President Ahmed Lawan 1

Senate calls for computerisation of oil sector

The Senate on Thursday urged President Muhammadu Buhari to initiate the process of computerising the nation's oil sector.

AfCFTA: Group entertains fear over Nigeria’s immediate benefits

Leadership of the Association of Nigeria Customs Licensed Agents, ANLCA, has expressed worries on what Nigeria stands to gain from the commencement of the African Continental Free Trade Agreement, AfCFTA, being a consumption based nation, and one with myriads of import/export control mechanism.

Oil falls as US-China trade deal prospects dim

Oil prices fell on Wednesday as prospects for a trade deal between the United States and China faded, weighing on the outlook for the global economy and energy demand.
US crude oil

IEA: Global oil demand growth to slow from 2025

Global oil demand growth is expected to slow from 2025 as fuel efficiency improves and the use of electrified vehicles increases but is unlikely to peak in the next two decades, the International Energy Agency said on Wednesday.

NEITI: Nigeria loses $42 billion to crude oil theft in 10 years

The Nigeria Extractive Industries Transparency Initiative (NEITI) on Wednesday revealed that the country in the last 10 years lost $42 billion to crude oil theft.

Crude oil prices see some profit taking as US, European data approach

Crude oil prices slipped back a little in Asia on Monday, possibly with investors taking some cash off the table ahead of important US and European data.

Godwin Emefiele: Crude oil can never rise above $100 per barrel in our lifetime

Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, on Friday said that there was no better time to diversify the Nigerian economy than now because the era of crude oil boom was over and that the commodity can never rise above $100 a barrel anymore as Was the case few years ago.

US oil imports increase, exports down last week

The United States’ crude oil imports increased while exports decreased during the week ending Oct. 25, the U.S. Energy Information Administration (EIA) said Wednesday.
Candidate of the APC, Chief David Lyon (middle); Senator Biobarakuma Degi-Eremienyo (Left), Deputy Governorship Candidate and Hon. Jothan Amos (Right), State Chairman of APC Bayelsa in Ekeremor Town on Saturday during the APC Governorship Campaign Rally.

Bayelsa guber: APC candidate promises to protect state crude oil wealth for development —...

The governorship candidate of the All Progressives Congress (APC), Chief David Lyon, has called for stronger collaboration between government, security agencies and local communities to protect and judiciously use the crude oil wealth for the growth and development of the people.

85th birthday: Bamanga Tukur commends General Gowon for selfless service

Former National Chairman, People’s Democratic Party (PDP), Alhaji Bamanga Tukur, has commended former Military Head of State, Gen. Yakubu Gowon, for his selfless and meritorious service to the country.

Boko Haram: Army continues onslaught against terrorists in North East

The Nigerian Army said that its troops had continued to hunt for fleeing Boko Haram insurgents and increased onslaught against them in Borno and other parts of the North East.
The Institute for Peace and Conflict Resolution (IPCR) has pledged to collaborate with the Nigerian Army Resource Centre (NARC) to find practical solutions to insecurity confronting the country.

Nigerian Army continues onslaught against terrorists

The Nigerian Army said that its troops had continued to hunt for fleeing Boko Haram insurgents and increased onslaught against them in Borno and other parts of the North East.

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IPOB: Facebook shutdown Nnamdi Kanu’s account

According to the publicity secretary of IPOB, Emma Powerful who disclosed this in a press statement he made available to Daily Sun, said that the reason for the shutdown was as a result of its widely used by those he said were determined to expose the ills of the present administration.
Inter have confirmed that they've completed the signing of Victor Moses from Chelsea after his loan spell with Fenerbahce was brought to an abrupt end.

Inter Milan confirm Victor Moses shirt number

New Inter Milan signing Victor Moses will wear the No.11 shirt for his new club, I Nerazzurri have revealed.
University of Abuja - UniAbuja

University of Abuja suspends admission process

The University of Abuja has suspended the ongoing admission of students due to what it described as irregularities in the process.

Nigerian Navy arrests five suspects, impounds 181 drums of petrol

The Nigerian Navy fight against smuggling activities on the waterways has continued unabated as the command has arrested five suspects.and impounded 4 boats.
Nigeria has slipped on Transparency International’s Corruption Perception Index 2019, scoring 26 per cent.

Transparency: Corruption worse in Nigeria

Nigeria has dropped on Transparency International‘s yearly corruption perception ranking, moving two places down to rank the world’s 34th most corrupt nation in the world.