prices

US Vs Iran: Buhari Meets Kyari As Oil Prices Rise

January 8, 2020 1:19 pm

President Muhammadu Buhari on Wednesday, met behind closed doors with the Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Mela Kyari, at the Presidential Villa, Abuja.

The News Agency of Nigeria (NAN) reports that the agenda of the meeting was unknown at the time of filing this report.

The meeting came amidst the escalating tension between the United States and Iran following the killing of an Iranian commander, Soleimani and the subsequent retaliatory attacks on military bases housing American troops in Iraq.

Read Also: Poland, Denmark, Norway React To Missile Attacks On America

NAN also reports that the …

Closure Of Borders; Prices Of Rice, Frozen Chicken Soar

Closure Of Borders; Prices Of Rice, Frozen Chicken Soar

October 7, 2019 12:36 pm

The closure of the country’s borders seems to have led to an increase in prices of some food items such as rice, frozen chicken and turkey.

Observers say if the borders are not opened before December, it portends a bleak Christmas for many Nigerians, given the astronomical rise in the prices of both the local and imported rice.

Investigations by our correspondents in major markets in Lagos showed the prices of some of the items had increased between 42 per cent and 100 per cent from August when the borders were closed to the last week of September.

At Ile …

Oil prices fall on weak economic data from Europe , China

Oil prices fall on weak economic data from Europe , China

August 14, 2019 9:38 am

Oil prices fell on Wednesday on weak economic data from China and Europe and a rise in U.S. crude inventories, almost erasing the previous session’s sharp gains after the U.S. said it would delay tariffs on some Chinese products.

Brent crude LCOc1 was down $2.08, or 3.4 per cent, at $59.22 a barrel at 1214 GMT, after rising 4.7 per cent on Tuesday, the biggest percentage gain in a day since December.

U.S. West Texas Intermediate (WTI) crude futures CLc1 were down $2.13, or 3.7 per cent, at $54.97 a barrel, having risen four per cent the previous session, the …

Oil prices rise on likelihood of OPEC supply cuts

Oil prices rise on likelihood of OPEC supply cuts

June 10, 2019 12:48 am

Oil prices rose on Monday after Saudi Arabia said producer club OPEC and Russia were likely to keep withholding supplies, and in relief that the United States and Mexico averted a trade war that would have damaged the global economy.

Front-month Brent crude futures, the international benchmark for oil prices, were at $63.71 at 0017 GMT, 42 cents, or 0.7%, above Friday’s close.

U.S. West Texas Intermediate (WTI) crude futures were at $54.43 per barrel, 44 cents, or 0.8%, above their last settlement.

Read Also: Minister allays fears over 2019 budget oil price benchmark

Traders said crude prices were rising …

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𝐀𝐟𝐫𝐢𝐜𝐚 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐍𝐞𝐰𝐬, 𝐍𝐞𝐰 𝐘𝐨𝐫𝐤, is a nonpartisan online news portal founded on the truth to provide you with weekly, insightful articles written with precision and current updates on current events from Africa in particular and the rest of the world in general. All of our reports undergo extensive fact-checking to ensure their veracity, and we adhere strictly to the facts, no matter whose ox is gored.

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