The Manufacturers Association of Nigeria (MAN) is seeking urgent intervention from the Federal Government to support the production of goods, as diesel price hits N720 per litre. Mr Lanre Popoola, the Chairman, Manufacturers Association of Nigeria (MAN), Oyo, Osun, Ekiti and Ondo branches, stated this in Ibadan on Sunday, while speaking on the increase of…
Oil prices fell on Sunday at the start of the session, extending last week’s decline, as a U.S. official said Russia was showing signs it might be willing to have substantive negotiations over Ukraine. Brent crude futures fell $1.82, or 1.6%, to $110.85 a barrel by 6:47 p.m. ET (2247 GMT). WTI crude futures fell…
Nigerian lawmakers have urged the Dangote Group to offer more support to the Nigerian government in the areas of road expansion and general road infrastructural development. The appeal was made during a visit of the House Committee on Federal Road Safety Commission to the Dangote Cement Plant Obajana on Thursday. The chairman of the committee,…
Oil majors BP and Shell have not offered spot diesel cargoes for sale on the German market for the last two weeks, for fear of a supply shortage, two traders said on Thursday. Russia is a major diesel supplier to Europe and accounted for 58% of Europe’s diesel and gasoil imports last year, analytics firm…
