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Friday, 28 April 2017

2017 Budget ready for President’s signature next week – Senate Leader

“When we were going on Easter recess, members of the Senate Committee on Appropriation, including that of the House, did not go on recess. They stayed back because that was the arrangement so that by the time we returned on April 25, that was Tuesday, they should lay the report of the budget." More »

Nigeria to revitalise ALSCON, boost economic diversification plan

Fayemi who undertook the tour of the various plants and the harbour in the complex with the Minister of State, Hon. Abubakar Bawa Bwari, lamented that the huge national asset was left to rot, in spite of its potential to help boost the economy and create employment opportunities. More »

May Day: Labour calls for urgent review of National Minimum Wage

“The May Day is an auspicious occasion for the working people to reflect on their struggles and make their demands. We shall use this opportunity to renew the call for the review of the National Minimum Wage that is overdue for review considering the current economic trends. More »

Oil rebounds from one-month low on hopes for output cut extension

28 April 2017, London — Oil prices rebounded on Friday after dropping to a one-month low the previous day, prompting investors to buy at cheaper levels ahead of a May OPEC meeting at which producers could extend output cuts. Gains were also helped by a weaker dollar and signs that non-OPEC member Russia was fully […] More »

OPEC output cuts whet Asia’s appetite for North Sea oil

28 April 2017, London/Singapore — OPEC production cuts have created record Asian demand for European oil and made China the second biggest consumer of North Sea crude as flows from its usual Middle East suppliers dip. Rising Asian appetite for North Sea crude has largely been fueled by the falling premium charged for North Sea […] More »

Ivory Coast plans $1 billion Eurobond sale by end of July

*West African nation previously sold Eurobonds in 2014, 2015 *Debt will probably have 10-year maturity, banks not yet hired 28 April 2017, London — Ivory Coast plans to sell at least $1 billion in Eurobonds by the end of July to raise funds for infrastructure projects, the country’s first issuance of international debt since 2015, […] More »

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