Oil prices Soar as China Ramps up U.S. Crude Imports

Oil prices rose this morning (Monday) as China’s plans to ship in large volumes of U.S. crude in August and September outweighed concerns over a slowdown in demand recovery after the coronavirus pandemic and an uptick in supplies. Brent crude added 30 cents, or 0.7 per cent to $45.10 a barrel by 0410 GMT while…

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Oil Prices Rise Amid Hopes for Fuel Demand Recovery

In spite of the coronavirus pandemic that has slammed economies worldwide, Oil prices, today (Friday), head for the second week of gains amid growing confidence that demand for fuel is starting to pick up. Brent crude was up 14 cents, or 0.3 per cent at $45.10 by 0043 GMT, heading for a gain of about…

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Buhari Orders Compulsory Use of Face Masks Nationwide

President Muhammadu Buhari has directed state governments and the Federal Capital Territory (FCT) to enforce the use of face masks in public places across the country. The Chairman, Presidential Task force on COVID-19, Mr Boss Mustapha, made this known at the daily briefing on Thursday in Abuja. Mustapha, while reviewing the activities of the committee,…

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Manufacturers Make Case for Nigeria’s Automotive Industry

…Identifies Constraints Working Against the Sector Manufacturers Association of Nigeria (MAN) has advised President Muhammadu Buhari’s administration to take advantage of the huge potential of the auto industry to build the nation’s economy.   It made this submission in its response to the recent federal government’s call for a new blueprint for the Nigerian manufacturing…

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