OPEC

The Managing Director and Chief Executive Officer, Financial Derivatives Company Limited, Mr Bismarck Rewane, has said fuel subsidies are a huge drain on government’s revenue. Rewane stated this in his presentation at the Lagos Business School Breakfast Session on May 8, a copy of which was obtained by our correspondent on Tuesday. He noted that […]

The international oil benchmark, Brent crude, surged on Monday to its highest level since late October 2018 after the United States President, Donald Trump, announced the decision to end waivers that allowed some countries to buy crude oil from Iran without facing US sanctions. Brent, against which Nigeria’s oil is priced, has risen by about […]

President Muhammadu Buhari will receive the Emir of Qatar, Sheikh Tamim bin Hamad Althani today at the Presidential Villa, Abuja, Daily Trust reports. The emir is coming three years after President Buhari visited Doha, the Qatari capital in February 2016, where he attended a meeting of the Organisation of Petroleum Exporting Countries (OPEC). Presidential spokesperson,  […]


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