Crude oil price tops $50 for the first time in seven months

Brent crude oil topped $50 a barrel for the first time in nearly seven months on Thursday lifting commodity and energy-related shares in Europe and Asia though worries about U.S. interest rates and signs of slowdown in China limited gains. Oil’s rise took it to levels more than 80 percent above January’s 12-year lows and… Read More Crude oil price tops $50 for the first time in seven months

House of Reps. curbs sale of three national refineries

The House of Representatives Committee on Privatisation, yesterday, stopped the proposed sale of the nation’s three refineries by Nigerian National Petroleum Corporation, NNPC. They are Port-Hacourt, Kaduna and Warri refineries. The committee made the pronouncement after engaging officials of the NNPC and the Bureau of Public Enterprises,BPE, on the exercise and declared that NNPC violated… Read More House of Reps. curbs sale of three national refineries