By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) on Tuesday closed in red as all-share index (ASI) posted the largest daily decline of 4.26 percent to close at 27,671.08 points, while market capitalisation slumped by N425.56 billion to N9.50 trillion. “Today’s unprecedented loss significantly cut the Month-to-Date […]
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Nigeria’s Barkindo frontrunner to become OPEC secretary-general
Tue May 31, 2016/Reuters May 31 OPEC is likely to choose Nigeria’s Mohammed Barkindo, a former head of state oil firm NNPC, as the next secretary-general of the producer group, three sources with knowledge of the matter said on Tuesday. The Organisation of the Petroleum Exporting Countries has been looking […]
OPEC oil output falls from near-record in May on Nigeria outages
Tue May 31, 2016/Reuters By Alex Lawler OPEC’s oil output fell in May from near a record high, a Reuters survey found on Tuesday, as attacks on Nigeria’s oil industry and other outages outweighed increases in Iran and Gulf members. A rise in supply from Saudi Arabia plus Iran suggests […]
