Tuesday, January 25, 2022
MARKET UPDATE

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Tag "increase"

Report: Nigeria’s oil production rises by 170,000 bpd in September — highest output in 2021

    Report: Nigeria’s oil production rises by 170,000 bpd in September — highest output in 2021

Nigeria’s crude oil output rose by 170,000 barrels per day (bpd) in September 2021, signalling revenue increase and more reserves to solve the country’s forex crisis. This is the outcome

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Oil price tops $80 per barrel for first time in three years

    Oil price tops $80 per barrel for first time in three years

Oil prices continued to surge as Brent crude, global oil benchmark, climbed a three-year high amid increasing demand for the commodity. At 11.25 am Tuesday, Brent crude climbed 0.86 percent

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DMO: Nigeria’s debt increased by N2.3trn in three months — hits N35.4trn

    DMO: Nigeria’s debt increased by N2.3trn in three months — hits N35.4trn

The Debt Management Office (DMO) says Nigeria’s total public debt (federal and state governments) hit N35.46 trillion at the end of the second quarter (Q2) of 2021. This represents an

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NLC: Electricity tariff shouldn’t be increased while workers’ wages remain unchanged

    NLC: Electricity tariff shouldn’t be increased while workers’ wages remain unchanged

Joe Ajaero, deputy president of the Nigeria Labour Congress (NLC), has asked the federal government not to increase electricity tariff. Ajaero spoke on Kakaaki, AIT’s breakfast show on Tuesday. A

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Cholera: Death toll in FCT rises to 69 as cases exceed 1,000

  Cholera: Death toll in FCT rises to 69 as cases exceed 1,000

The federal capital territory administration (FCTA) says 69 persons have died of cholera since the recent outbreak of the disease

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Bitcoin rises above $40,000 — first time since mid-June

  Bitcoin rises above $40,000 — first time since mid-June

Bitcoin, the world’s largest cryptocurrency by market capitalisation, surged above $40,000 — for the first time since mid-June. The price

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WHO: COVID deaths in Africa increased by 43 percent in one week

  WHO: COVID deaths in Africa increased by 43 percent in one week

The World Health Organisation (WHO) says Africa recorded a 43 percent rise in COVID-19 mortality within the last one week.

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Oil rises as OPEC+ again postpones decision on production supply

  Oil rises as OPEC+ again postpones decision on production supply

Crude oil prices continued an upward trend on Monday ahead of another meeting of OPEC+ — consisting of the Organisation

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Oil dips after OPEC+ postpones decision on output increase

  Oil dips after OPEC+ postpones decision on output increase

Crude oil prices edged lower on Friday after OPEC+ — consisting of the Organisation of the Petroleum Exporting Countries and

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Surging oil prices will create problems for Nigeria, says Mele Kyari

  Surging oil prices will create problems for Nigeria, says Mele Kyari

Mele Kyari, group managing director of the Nigerian National Petroleum Corporation (NNPC), says rising crude oil prices will cause problems

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