Sunday, June 24, 2018

UK crime agency authorised to seize cash from Nigeria ex-oil minister: court

LONDON (Reuters) - Britain's National Crime Agency (NCA) obtained court permission on Monday to temporarily seize 27,000 pounds ($41,000) from a former Nigerian oil...

Shell Failing to Clean Nigeria Oil-Spill Sites, Amnesty Says

Royal Dutch Shell Plc has failed to clean up four oil-spill sites in the crude-producing Niger River delta, three of which an under-resourced Nigerian...

Nigeria: The world’s largest refinery in Lagos by Dangote

Dangote Oil Refinery Company Limited has said its 600,000 barrels of crude oil per day (bpd) plant located at the Lekki Free Trade Zone...

Investing in a volatile bond market

More than six years ago, the Federal Reserve moved its target fed funds rate to 0%, an unprecedented move, and just one part of...

Could Saudi Arabia Really Go Bankrupt?

In October 2015, the International Monetary Fund (IMF) warned Saudi Arabia that the country may run out of the financial assets needed to support...

Oil price to fall as market ‘drowns in over-supply’ $22 is the target

PARIS - The oil price is set to fall further this year as supply vastly exceeds demand, with major oil exporter Iran's return to...

Student-built solar motorbikes hit the road in Kenya

URUDI, Kenya, Oct (HKSE: 3366-OL.HK - news) 2 (Thomson Reuters Foundation) - M otorcycle taxi operators waiting for passengers in this village in western...

Iran: Inflation hits almost 14%

The inflation rate for the 12-month period ended on the last day of the seventh Iranian calendar month of Mehr (October 22) was 13.3...

CRUDE: Nigeria reaches out to Asian refiners

By Clara Nwachukwu, with agency reports Despite the free fall in global oil prices, Federal Government has insisted that it would not indulge in...

IRANIAN ECONOMY is booming: Germany, Austria to increase direct flights to Tehran IRAN

Germany, Austria to increase direct flights to Tehran after the removal of the sanctions and $100 billion injected into Iranian economy, Iran is now...