COVID-19: Coca-Cola sales drop by 25 % in April

Coca-Cola saw sales volumes of its soft drinks decline by a quarter so far in April, as people stay home to help stem the...

Global economy reels under COVID-19 attack

By ADEBAYO OBAJEMU (with agencies’ report) The deadly disease, Coronavirus, which came out of Wuhan in China in December last year has become a global...

Brent dips further to $26.98

Oil dropped 11% on Friday, giving back early gains, even as the world’s richest nations poured unprecedented aid into the global economy to stop...

Oil rallies despite large crude build

The American Petroleum Institute (API) estimated on Tuesday a large crude oil inventory build of 6.407 million barrels for the week ending March 6,...

U.S. gives Nigeria $1.1m grant for electricity development

The Federal Government and United State Trade and Development Agency have signed a 1.1million dollar grant to support electricity infrastructure development in Nigeria. The agreement...

Oil dips from 2-month high as U.S.-China trade doubts dominate

Brent crude futures LCOc1 had slid 30 cents, or 0.5%, to $63.67 a barrel. West Texas Intermediate crude CLc1 was at $58.24 a barrel,...

Experts still skeptical over Nigeria’s role in AfCFT

By ADEBAYO OBAJEMU By eventually plugging into the African Continental Free Trade Agreement ( AfCFTA ) on July 7, 2019 at the African Union Summit...

Oil rises amid mixed reports over pace of Saudi recovery

Oil futures gained on Monday as traders weighed conflicting reports on how quickly Saudi Arabia will be able to restore its lost production. Futures rose...

Oil down as Saudi output restored; stocks steady as Fed meets

Oil prices dropped sharply on Tuesday after Saudi Arabia’s energy minister said the kingdom has fully restored its oil production after having been hit...