Tag: oil

By: Economic & Finance Report Opec may soon be curbing oil prices, after releasing extensive amounts of oil for the past two years, without limitations. Opec is negotiating with Iran…

By: Economic & Finance Report The Naira devalued over 30% instantly on Monday, June 20, 2016. It dropped 260 to 1 USD. The Central Bank of Nigeria last week insisted…

By: Economic & Finance Report Wall Street gained today heavily because of rallying support of crude oil prices and energy stocks that attributed to enormous rise. The Dow erased loses…

By: Economic & Finance Report Saudi Arabia has been shortening its dependence on crude prices, even though they have been increasing the production of oil. Saudi Arabia’s budget for next…

By: Economic & Finance Report Opec (Conference of the Organization of the Petroleum Exporting Countries) concluded its 168th meeting in Vienna, Austria. Opec elected , Dr. Emmanuel Ibe Kachikwu presided…

By: Economic & Finance Report Wall Street looks ahead after the Thanksgiving holiday, as Chinese stocks headed lower Friday, a day after Thanksgiving. The Asian session saw a 5% retracement…

By: Economic & Finance Report Nigeria’s President, Muhammadu Buhari will govern the 170 plus million populous nation; as well as run and monitor the oil sector for Africa’s biggest economy…

By Economic & Finance Report: President Muhammadu Buhari has indicated that he will split up Nigerian state owned oil company; the National Petroleum Corporation (NNPC), into two seperate divisions. One…

By: Economic & Finance Report President Muhammadu Buhari (Nigeria) has asked the state run oil corporation to review contracts and agreements, with the trading of oil crude products. It has…

By: Economic & Finance Report Aramco state oil firm will be seperated from Saudi Arabia’s petroleum ministry, and will be provided as a separate entity. The Saudi Arabian king King…