News Reports
Oil falls as U.S.-China trade deal prospects dim
U.S. President Donald Trump said on Wednesday that the two countries were close to finalising a trade deal, but he fell short of providing a date or venue for the signing ceremony, disappointing investors.
![Crude oil extraction [Photo credit: Bloomberg]](https://i0.wp.com/media.premiumtimesng.com/wp-content/files/2015/08/crude-oil-extraction-e1439318146447.jpg?fit=300%2C170&ssl=1)
Growth in global oil demand to slow from 2025 – IEA
Oil use in passenger cars is, however, seen peaking in the late 2020s as drivers switch to electric vehicles.
![Finance minister, Zainab Ahmed. [PHOTO CREDIT: Daily Trust]](https://i1.wp.com/media.premiumtimesng.com/wp-content/files/2018/10/Zainab-Ahmed.jpg?fit=300%2C176&ssl=1)
Why Finance Bill 2019 is crucial to Nigeria’s economic growth – Finance Minister
The bill, which President Muhammadu Buhari presented to the National Assembly on October 14, has already passed the second reading at the Senate.
OPL 212: Supreme Court orders NNPC to pay N8.14bn in damages to BCE
The federal high court had, on March 7, 2002, directed NNPC to pay BCE 22. 6 million dollars in damages for the illegal cancellation of an agreement.
Only seven out of 37 Nigerian states fully implement contributory pension — PENCOM
Most states default either with regular and up-to-date remittance of pension contributions, the establishment of a pension bureau or enactment of pension law.
NCC to sanction telecom firms who ignore customers complaints
The commission and the operators met to appraise the level of implementation of the policies.
Again, oil slips over uncertainty on U.S.-China trade deal
The trade war between the world’s two biggest economies has slowed economic growth around the world.
Nigerian govt pays states N157 bn tax arrears
Mr Fowler says the liabilities covered the period between 2002 and 2016.
Total planning to sell $750 million stake in major Nigerian oil block
The sale process is part of Total’s plan to sell $5 billion of assets around the world by 2020.
Six directors of Dangote Flour resign
The company said new appointments have been made with effect from October 31 this year.
![Dangote Sugar Refinery [Photo Credit: Guardian Newspaper]](https://i0.wp.com/media.premiumtimesng.com/wp-content/files/2017/08/Dangote-sugar-refineryss-640x360.jpg?fit=220%2C124&ssl=1)
Dangote Sugar in merger talks with Savannah Sugar
In February 2013, Dangote Sugar Refinery, DSR, announced the acquisition of 95 per cent equity stake in Savannah Sugar Company limited, SSC.
Oil prices fall as crude build-up offsets hopes for U.S.-China trade talks
Hopes remain for a breakthrough in talks between the United States and China, the world’s two biggest oil consumers.
Access Bank announces resignation of Board director
Mr Ndukwe’s resignation from the Board of the bank was announced on Tuesday.
Oil demand to fall in Western Countries, but not in India, China – OPEC
Global oil demand will reach 105.6 million barrels per day (bpd) by 2025.
Minister clarifies transfer of N14bn from NEPZA 2017 budget
The senate committee on Appropriation said the transfer of the money to Nigeria Special Economic Zones Company was in breach of 2017 Appropriation Act.
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UPDATED: Buhari signs law that will significantly increase Nigeria’s oil earnings
President Buhari signs the Deep Offshore, Inland Basin PSC Amendment into law
INTERVIEW: Why unmonitored borders, fuel subsidy are harmful to Nigerian economy — Matrix Group CEO
“…Subsidy is not good for us. Subsidy is harmful to our economy. Subsidy creates arbitrage. If it is possible, government should avoid fuel subsidy…”
Buhari commends Adesina’s leadership of AfDB
“President Buhari joined shareholders of the Bank and African Heads of State and governments in celebrating the feat.”
NSE market indices record 0.17 per cent on last trading day of October
The market capitalisation inched N22 billion to close at N12.829 trillion in contrast with N12.807 posted on Wednesday.
How MTN Nigeria paid billions on professional fees, bad debts, others – Report
The MTN Nigeria’s financial statement was for the nine months’ period ended September 30, 2019.
Amended petroleum law will bring significant improvement in revenue – NEITI
The agency also commends the Presidency and the National Assembly for the speedy manner, the amendment process was handled.
Stanbic IBTC, Unity Bank announce huge profits in nine months
The margins are as recorded by September 30.
Lafarge Africa reports 173% growth in nine months
The company said its operating profit rose from N2.79 billion in the third quarter of 2018 to over N7.64 billion in the corresponding year.
Convert Arik to National Carrier, AMCON MD tells Nigerian government
Mr Kuru said his agency has retrieved Arik from the brink of collapse and restructured and positioned it on the path of growth and profitability.
NSE: Transactions reverse negative posture, close northward
The market capitalisation rose by N17 billion to close higher at N12.843 trillion against N12.826 trillion achieved on Friday.