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Markets

NNPCL to Change How Crude Cargoes are Priced From Jan 2024

Nigerian National Petroleum Corporation Limited (NNPCL) will start pricing its crude cargoes against the monthly average of Dated Brent, the physical-crude benchmark, according to...

Kenya Central Bank Unexpectedly Hikes Rates by 200 basis Points

Kenya’s central bank unexpectedly raised its benchmark interest rate for the second time since Governor Kamau Thugge took office in June, citing the need to support...

Long Service Award: Julius Berger Nigeria Plc Assures Workers of Brighter Years Ahead

…as Retiring Executive Director of Administration, Alhaji Zubairu Ibrahim Bayi Bags Award for 40 years of Honourable Service. Julius Berger Nigeria Plc has assured its...

Doubts Over Fox Petroleum $7.5bn NNPCL Investment as Firm Fails to Deliver Indian Project

…repeats 2016 investment pledges that never materialized ...last updated its financials on 31 Mar, 2015 Analysts tell MoneyCentral that the Nigerian National Petroleum Company Limited (NNPCL)...

Fox Petroleum to Invest $7.5b in NNPCL to Overhaul Operations

Fox Petroleum Group, yesterday, said $7.5 billion will be injected into the Nigerian National Petroleum Company Limited (NNPCL) in the next three years, to...

Moody’s Downgrades China Credit Outlook to Negative on Rising Debt

Moody’s Investors Service cut its outlook for China sovereign bonds to negative, underscoring deepening global concerns about the level of debt in the world’s...

Ex-U.S. Ambassador Manuel Rocha Accused of Being Cuban Spy Since 1981

The Justice Department unsealed charges Monday against Manuel Rocha a retired ambassador, accusing him of being a “clandestine agent” for decades — allegedly betraying...

Trading Terror: Short Sellers Said to Front Run Hamas Attacks on Israel

Israeli authorities are investigating claims by US researchers that some short sellers may have Front run the Hamas plan to attack Israel on Oct....

“Infrastructural Investment Grow Economies Globally“ – Raji Fashola, SAN

…as Zenith Bank MD, Ebenezer Onyeagwu, rues inadequate Infrastructures for Development Former two-term Lagos State Governor who was also former Minister of Works, Power and...

Bitcoin Soars Past $42,000 for First Time Since April 2022

The price of Bitcoin has surpassed $42,000 for the first time since April 2022, bolstered by industry-wide enthusiasm around potential upcoming ETF or exchange-traded...

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