Oil prices To Rise As OPEC Snubs Trump’s Call For Higher Production

Oil prices To Rise As OPEC Snubs Trump’s Call For Higher Production

producers and President Donald Trump are both embracing a “show me” attitude to energy market uncertainty, analysts told CNBC on Friday, as traders speculate about the possibility of $100 a barrel before year-end. “The market and certainly the U.S. president is saying to OPEC and Saudi Arabia: ‘Show me the barrels,’” Herman Wang, OPEC specialist at S&P Global Platts, told CNBC’s “Street Signs” on Friday. “And Saudi Arabia and OPEC have kind of turned around and said: ‘Well, show me the demand,’” he added. Earlier this week, Trump urged OPEC to ramp up production levels to…

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United Payments Launches American Express Card Use In Nigeria

United Payments Launches American Express Card Use In Nigeria

Unified Payments (UP), Nigeria’s premier payments and financial technology company, yesterday announced it is now offering American Express (Amex) Card acceptance to merchants in Nigeria. This followed the official launch of the launch of Amex in Lagos, at a gathering that attracted operators from the banks, fintech companies, e-service providers, aviation, travels, hospitality, entertainment industries and a host of others. In demonstration of its cross-enterprise alliances and capabilities, UP becomes the first establishment in Nigeria to enable merchants to accept Amex Cards as means of payment for goods and services…

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Air Peace: We Lost N60m To Strike

Air Peace: We Lost N60m To Strike

The Chairman and CEO of Air Peace, Allen Onyema, has said that the airline lost over N60 million when members of the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) disrupted its flights at the General Aviation Terminal (GAT) of the Murtala Muhammed International Airport (MMIA) on Friday. Onyema who made this known to newsmen said the unionists blocked the Air Peace wing of the terminal for four hours, from 7:00a.m. to 11:00 a.m., forcing passengers away from the facility. With the disruption, he said the airline had…

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Kia Motors Unveils Cerato Sedan

Kia Motors Unveils Cerato Sedan

Unveiled at the 2018 New York International Auto Show in Manhattan, USA, the All-new Cerato has made a successful debut featuring its impressively enhanced exterior and interior design. Looking more dynamic and stylish, the All-new Cerato’s design has moved in a sportier direction while preserving the original design elements from predecessors. Sophisticated yet sporty exterior, dubbed the Mini-Stinger, the All-new Cerato maintains its sporty and youthful image while evolving a more sophisticated appearance that nods to a number of sleek and dynamic styling cues inspired by the Stinger fastback sports…

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Nigeria Remains Africa’s Top Investment Destination

Nigeria Remains Africa’s Top Investment Destination

The Minister of Budget and National Planning, Senator Udo Udoma, has expressed appreciation to foreign investors for the interest they continue to show in Nigeria and their willingness to spread the good news about the investment opportunities in the country. Udoma expressed appreciation to the foreign investors in his opening remarks at an investors’ roundtable at the United Nations General Assembly meeting in New York. According to the ministry, key foreign investors, who met at various meetings with the Nigerian government delegation at the event expressed interest in scaling up…

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Ongoing Strike A Threat To Workers Salaries – AGF

Ongoing Strike A Threat To Workers Salaries – AGF

The Accountant-General of the Federation, Ahmed Idris, on Thursday called on the Nigeria Labour Congress to shelve its warning strike in order to allow the office to complete the process of payment of salaries of civil servants. Idris, who said this in a statement issued in Abuja, noted that the industrial action had led to a situation where workers who were directly involved in the release of funds for payment of salaries could no longer have access to their offices. He maintained that the payment of salaries could not be…

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NLC Strike Action Collapses FAAN Activities In Lagos

NLC Strike Action Collapses FAAN Activities In Lagos

The operations of airlines at the General Aviation Terminal of the Murtala Muhammad Airport, Lagos were interrupted for over four hours on Friday by members of the Nigeria Labour Congress and the Trade Union Congress of Nigeria. According to reports, the unions’ leaders got to the airport early in the morning and ordered airline employees to stop working. The unions’ officials were said to have arrived the terminal operated by the Federal Airports Authority of Nigeria at 5:40am, and after some time, they left and came back a few minutes…

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