OPEC Deal To Cut Oil Production Raises Hopes Of Drain On Global Supply Glut

Crude oil price . Rising

Oil Prices Hit 18-month High as Markets Eye Production Cuts

OPEC (ThisDay) — Crude oil prices Tuesday, the first trading day of 2017, hit an 18-month high, buoyed by hopes that a deal between the Organisation of Petroleum Exporting Countries (OPEC) and other exporters to cut production, which kicked in on Sunday, will drain a global supply glut . . .

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OPEC Deal To Cut Oil Production Raises Hopes Of Drain On Global Supply Glut

The Bear Market Hits Nigerian Stock Exchange As 2017 Begins

NSE . NSE Head Office, Lagos

Stock Exchange Begins 2017 On Negative Trend

Lagos (TheGuardian) — Transactions on the Nigerian equity market resumed on Tuesday for 2017 on a bearish trend with major blue chips recording price depreciation . . .

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The Bear Market Hits Nigerian Stock Exchange As 2017 Begins

Dangote Tomato Factory To Resume Production

tomato-processing-plant

Kano (NAN) — The Dangote Tomato Processing Factory in Kadawa, Kura Local Government Area of Kano State is to resume production in February . . .

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Dangote Tomato Factory To Resume Production

Africa’s 2nd Richest MAN, Adenuga, Is The Biggest Gainer In Africa: 2016

Mike Adenuga

Nigerian-born billionaire, founder of Globacom and Chairman of Conoil is richer now, according to FORBES. Michael Adeniyi Agbolade Ishola Adenuga [(Mike Adenuga Jr.) a business mogul, tycoon and the second richest person in Nigeria and Africa, just got richer in 2016 . . .

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Africa’s 2nd Richest MAN, Adenuga, Is The Biggest Gainer In Africa: 2016

Verizon Acquisition Of Yahoo! On Course Despite 2nd Major Hacking

yahoo-logo

Yahoo’s data breaches unlikely to derail Verizon deal

Bloomberg (TheGuardian) The second major hack of Yahoo! Inc. user accounts is unlikely to derail Verizon Communications Inc.’s $4.83 billion acquisition of the tech giant, with investors and the public becoming inured to near-daily disclosures of cyberattacks . . .

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Verizon Acquisition Of Yahoo! On Course Despite 2nd Major Hacking

Naira Weakens Against Dollar, Pound Sterling & Euro

naira-dollar-1

Fears as Naira weakens to N490/$, 590/£

Abuja (Daily Trust) – The Naira on Wednesday weakened to N490 to a dollar at the parallel market after appreciating to N485 to a dollar during the Christmas break . . .

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Naira Weakens Against Dollar, Pound Sterling & Euro

Dangote Lost $4.9 Billion in 2016 – Index

Dangote 2

Dangote Lost $4.9 Billion in 2016

Bloomberg Billionaires’ Index (ThisDay) – The President of Dangote Group and Africa’s richest person, Alhaji Aliko Dangote lost $4.9 billion or one-third of his wealth, as the combined effect of falling oil prices and the naira devaluation in June pushed him to the 112th richest person in the world with a net worth of $10.4 billion, the latest Bloomberg Billionaires’ Index released yesterday has revealed . . .

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Dangote Lost $4.9 Billion in 2016 – Index

Oil Price Hits $55pb As Output Cut Deadline Draws Near: Report

Oil prices logo

Vienna, Austria (Leadership) – The Organisation of Petroleum Exporting Countries (OPEC) has set January 1, 2017 as the official start-off date for a deal to cut crude oil output by the Organisation and several non-OPEC producers by almost 1.8 million barrels per day (bpd). In the wake of the cut-off deal, the oil price edged further above $55 a barrel yesterday . . .

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Oil Price Hits $55pb As Output Cut Deadline Draws Near: Report

Dangote Foresees Nigeria’s Economic Rebound Soon

Dangote

Africa’s richest man of Nigerian birth, Aliko Dangote, has expressed optimism in the rapid economic recovery for Nigeria saying that despite the recessive economy and downturn in economic activities, Nigeria will come out of it stronger as a self-reliant economic power house . . .

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Dangote Foresees Nigeria’s Economic Rebound Soon

Romeo Bekeyei Commends Pres. Buhari’s Sincerity In Dealing With Niger Delta Restiveness

Niger Delta Avengers . 007

Niger Delta Militants: ‘Come Let’s Talk’ – President Buhari 

SOUTH-SOUTH COORDINATOR BUHARI VANGUARD HON. ROMEO BEKEYEI, COMMENDS PRESIDENT MUHAMMADU BUHARI’S UTMOST SINCERITY IN DEALING WITH THE ISSUE OF NIGER-DELTA RESTIVENESS . . .

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Romeo Bekeyei Commends Pres. Buhari’s Sincerity In Dealing With Niger Delta Restiveness