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July 25, 2017 5:04 PM MPC retains interest rate at 14 per cent- Emefiele

The Monetary Policy Committee (MPC) has again retained the Monetary Policy Rate (MPR) at 14 per cent due to uncertainties in the global market. Mr Godwin Emefiele, Governor, Central Bank of Nigeria (CBN), said this while briefing newsmen on the outcome of the 257th meeting of the MPC on Tuesday in Abuja. He said the MPR was not eased at this time because 19

July 25, 2017 1:52 PM Nokia 2 Spotted on Geekbench, Tipped to Come With Snapdragon 210 SoC

HMD Global has launched a series of smartphones this year, with the most budget in its smartphone range being the Nokia 3. However, the Finnish company’s entry-level Nokia 2 has been spotted on several occasions, and now it makes an appearance on Geekbench as well. According to the Geekbench listing, the Nokia 2, codenamed Unknown Heart, is expected 17

July 25, 2017 1:16 PM Not Too Young To Run By Charly Boy

It is highly encouraging to learn that the #NotTooYoungToRun (NTYTR) movement will embark on a National Day of Action on Tuesday,  July 25, 2017, at 8 am at the Unity Fountain, Abuja to mobilize support for the passage of the proposed amendment on age requirement for running for elective office. It's no longer news that the Senate and House Committee 21

July 25, 2017 12:09 PM Nigeria’s 257th MPC Meeting: Key Economic Indicators And Global Concerns

The Monetary Policy Committee of the Central Bank of Nigeria will today from 2pm take key decisions on the Monetary Policy Rate (MPR), Liquidity Ratio (LR), Cash Reserve Ratio (CRR), Asymmetrical corridor and also assess the foreign exchange policy impact on the Nigerian market and economy. Already some of the economists, financial market research 17

July 24, 2017 8:12 PM Shettima lauds FG’s efforts to implement `Bama Initiative’

Abuja – Gov. Kashim Shettima of Borno, has commended the Federal Government for its efforts to implement the “Bama Initiative’’ aimed at rebuilding lives and infrastructure in the North-East. The governor made the commendation on Monday in Abuja while fielding questions from State House correspondents after a closed door meeting with the Acting President 21

July 24, 2017 3:18 PM Oil prices advance as Saudis pledge to cut exports; Nigeria agrees to output cap

Saudis agreed to limit its exports at 6.6 million barrels a day Oil rose Monday, as news that Saudi Arabia has pledged to lower crude exports and Nigeria plans to limit its production sent prices higher for the first time in three sessions. September West Texas Intermediate crude CLU7, +1.38% rose by 42 cents, or 0.9%, to $46.19 a barrel on the New York Mercantile 16

July 24, 2017 2:28 PM How ISIS Nearly Stumbled On The Ingredients For A 'Dirty Bomb'

On the day the Islamic State overran the Iraqi city of Mosul in 2014, it laid claim to one of the greatest weapons bonanzas ever to fall to a terrorist group: a large metropolis dotted with military bases and garrisons stocked with guns, bombs, rockets and even battle tanks. But the most fearsome weapon in Mosul on that day was never used by the terrorists 21

July 24, 2017 1:17 PM Expect Crude oil to trade sideways: Sushil Finance

According to Sushil Finance, expect crude oil prices to trade sideways on the back of short covering after drop in prices. Oil prices slid on Friday, settling about 2.5 percent lower after a consultancy forecast a rise in OPEC production for July despite the group's pledge to curb output, reigniting concerns the global market will stay awash with crude 16

July 24, 2017 12:22 PM OPEC moves to cap Nigerian oil output, boost compliance

ST PETERSBURG, Russia (Reuters) - OPEC moved on Monday to cap Nigerian oil output and called on several members to boost compliance with production cuts to help clear excessive global stocks and support flagging prices. OPEC has agreed with several non-OPEC producers led by Russia to cut oil output by a combined 1.8 million barrels per day (bpd) from January 12

July 24, 2017 10:52 AM Oil rises after Saudi vows to cap crude exports next month

LONDON (Reuters) - Oil rallied on Monday, erasing early losses after leading OPEC producer Saudi Arabia pledged to cut its exports to help speed up the rebalancing of global supply and demand. Saudi Energy Minister Khalid al-Falih said his country would limit crude oil exports at 6.6 million barrels per day in August, almost 1 million bpd below levels 14