* Supply falls by 120,000 bpd, led by Angola, Nigeria * Saudi overall output slightly lower, exports steady * Libyan recovery continues, Iraqi exports riseOPEC * OPEC output 720,000 bpd above 30 million bpd target OPEC’s oil supply in October has fallen by 120,000 barrels per day (bpd) due to […]

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s oil marketing firm, Conoil Plc said on Friday its third quarter (Q3) profit for the period declined 32 percent to N1.427 billion from N2.088 billion declared in the same period of 2013, the company said in a filing with the Nigerian Stock Exchange (NSE). […]

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian bourse on Friday ended the week on a bearish note as the all-share index (ASI) and market capitalisation depreciated by 3.93 percent and 3.64 percent to close at 37,550.24 and N12.437 trillion respectively. Currently, month-to-date (MTD) and year-to-date (YTD) returns at the Nigerian […]