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The price of OPEC basket of 12 crudes stood at $83.11 a barrel on Friday, January 17, 2025, compared with $83.19 the previous day, according to OPEC Secretariat calculations.
The Nigerian Government has expressed support for the ceasefire
agreement reached between Israel and Hamas, hailing the milestone as
an opportunity to end the tragic loss of lives and the suffering of
civilians in Gaza.
MTN Nigeria Communications Plc has raised N42.2 billion through its Series 15 and 16 Commercial Paper issuance under the company’s N250 billion Commercial Paper Issuance Programme.
Nigeria’s first shipment under the African Continental Free Trade Area has arrived at Mombasa Port, Kenya.
Nigeria’s Minister of Industry, Trade, and Investment, Dr Jumoke Oduwole, says that the country is targets an export market of up to $79 billion through the expansion of its export capacity with the African Continental Free Trade Area framework (AfCFTA).
The Governor of the Central Bank of Nigeria (CBN), Mt. Olayemi Cardoso, has said that the central bank is going to build on the traction it has made in terms of reforms in the foreign exchange market, remittance, diaspora engagement, and others in 2025.
The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mr. Gbenga Komolafe, says that Nigeria’s oil rig count has risen to 32.
Nigeria’s Minister of State for Petroleum Resources (Oil), Mr. Heineken Lokpobiri, has said that the price of crude oil in the international market remains a major force in driving the fluctuations in the pump price of petrol in the country.
The Export-Import Bank of the United States (EXIM) on Friday in Abuja signed a Memorandum of Understanding (MOU) with the Nigerian Export-Import Bank (NEXIM) that will deepen collaboration and trade ties between the United States and Nigeria.
The Financial Services Industry led the activity chart this week on the floor of the Nigerian Exchange with 1.371 billion shares valued at N22.274 billion traded in 26,114 deals.