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Oil prices fall as Iraq resists joining output cut

Oil prices fell on Monday as Iraq said that it wanted to be exempt from an OPEC deal to cut production, though losses were capped by Iran saying it would encourage other members to join an output freeze.

Commonwealth Enterprise and Investment Council

The former Governor of Anambra State, Mr.

Niger, Iran to partner on agric, mineral resources’ devt

By Ummi Ismaeel

Minna

Niger State government has concluded plans to partner Islamic State of Iran to boost its agric sector, create more jobs and enhance internally generated revenue.

OPEC: Iraq to increase oil output

This has to trouble OPEC, and mostly Saudi Arabia, who has been trying to micromanage global oil prices over the past few weeks with announcements to agree to agree to production cuts at OPEC’s next meeting in November.

Rice importation remains banned – Customs

Nigeria Customs Service has denied reports that it has lifted the ban on land importation of rice.

‘NIMASA is not owing rent on Lagos offices’

The management of the Nigerian Maritime Administration and Safety Agency (NIMASA) has denied owing

rent to owners of the agency’s Lagos office.

Saudi Arabia bluffs oil markets

Oil prices have been trending upward, both global benchmark, London-traded Brent and U.S.-benchmark, NYMEX-traded West Texas Intermediate (WTI), just a little more than week after OPEC said it would agree to agree to cut production at its next meeting in November.

Nigerian Finance Minister blames West’s green energy drive for electricity shortage

Nigeria’s finance minister, Kemi Adeosun, has blamed a Western focus on green energy for prohibiting the country from addressing its energy deficit.

Nigeria will be out of recession by 2017 – IMF

The International Monetary Fund (IMF) has predicted that the Nigerian economy will grow by 0.6% in 2017, effectively lifting the country out of an officially declared recession.

NCC clamps down on pre-registered sim card selling outlets, arrests nine in Niger, FCT

By Ummi Ismaeel

Minna

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