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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.
Saudi Aramco’s multibillion-dollar share sale, likely the biggest initial public offering (IPO) in history, is officially underway after the company formally announced its plans to list stock on the Kingdom’s stock exchange, the Saudi Tadawul.
Saudi Aramco said Sunday it will list on the Riyadh stock exchange in what could be the world’s largest IPO, underpinning Crown Prince Mohammed bin Salman’s ambitions to overhaul the kingdom’s oil-reliant economy.
The U.S. seeks to use the recent drone attack on Saudi Aramco oil facilities to its utmost advantage by striking billion-dollar deals and attaining a permanent presence in the Middle East, Iranian President Hassan Rouhani said on Monday.
Riyadh on Thursday asked Iraq’s national oil marketing company for 20 million barrels of crude to supply the country’s stocks after an attack on Saudi Aramco facilities.
Oil fell more than one per cent yesterday as the market was challenged creating uneasiness following attacks on Saudi Arabian crude facilities that cut the kingdom’s production in half and sent prices soaring by the most in decades.
The Federal Government has announced that it was fine-tuning arrangements to embark on a 30-year economic long-term development plan.
Minister of State for Budget and National Planning, Mr Clem Agba, has said that the Federal government would maintain its benchmark of 60 dollars per barrel in spite of the sudden increase in the price of crude oil.
Crude oil prices have surged more than 19 per cent after a drone strike on a Saudi Arabian oil facility wiped out about five per cent of global supplies.
Saudi stocks fell sharply on Sunday, after attacks on two plants at the heart of the kingdom’s oil industry a day earlier knocked out more than half of Saudi crude output.
Saudi stocks plunged 2.3% as the market opened on Sunday, after attacks on two plants at the heart of the kingdom’s oil industry Saturday knocked out more than half of Saudi crude output.
Drone attacks sparked fires at two Saudi Aramco oil facilities on Saturday, the interior ministry said, the latest such assault claimed by Yemeni rebels as the energy giant prepares for a much-anticipated stock listing.
The Yemen’s Houthi rebels said they launched multiple bomb-laden drone attacks on Saturday on an oil refinery of Saudi Aramco, the Saudi Arabian Oil Company, Houthi-run al-Masirah TV reports.
Saudi Arabia will issue three billion to five billion dollars in new international sukuk or Islamic bonds around the third quarter as part of plans to diversify financing of the national budget deficit, a senior finance ministry official told Reuters.
President Muhammadu Buhari has called on security agencies and communities under threats of bandits’ attacks and kidnappings to be more vigilant and alert in the light of the latest incidents in Enugu, Zamfara, Adamawa, Katsina and Kaduna States.
The Nigerian Army on Thursday decorated 31 promoted Major Generals serving in different formations across the country with their new ranks.
A 43-year-old businessman, Ibrahim Saheed, was on Thursday brought before an Ikeja Chief Magistrates’ Court for allegedly obtaining N870,000 from a trader under false pretences.
Three men, Taofeek Busari, Adeyinka Adeoye and Suleiman Isah were on Thursday arraigned before a Magistrates’ Court sitting in Osogbo for alleged distribution of questions and answers to students writing WASSCE examinations.
Former Nigeria international Odion Ighalo, Alex Iwobi, Wilfred Ndidi and Francis Uzoho have been shortlisted for the 2019 Caf best XI.
The authority of Nigerian Correctional Service have refuted reports in one of the private television stations and some social media handles claiming sponsorship of a football competition by detained journalist, Agba Jalingo, for inmates in the Afokang custody Centre of the service in Calabar, Cross River State.
Enyimba produced a complete performance against Visiting Akwa United in one of the matchday three of the 2019/2020 Nigeria Professional Football League season.
Leader of the All Progressives Congress, APC, in Ughelli North Local Government Area, Delta State, have urged party remain steadfast in their quest to work towards taking over Governorship seat from the Peoples Democratic Party, PDP, in 2023.
The Nigeria Football Federation president Amaju Pinnick says there are no ghost workers on their payroll.
President of the Nigeria Football Federation (NFF), Amaju Pinnick, has denied that Super Eagles manager Gernot Rohr is being owed backlog of salaries as reported by a section of the media.