Category: Money Market

Oil prices drop on Trump’s message to OPEC

Oil prices slipped yesterday following President Donald Trump tweet urging the Organisation of the Petroleum Exporting Countries (OPEC) to keep crude prices lower because of the military protection the United Statesprovides for the region. “The OPEC monopoly must get prices down now,” Trump insisted in the message. Futures prices for West Texas Intermediate crude, the…

NNPC records N17.16 billion trading surplus

The Nigerian National Petroleum Corporation (NNPC), has recorded  trading surplus of N17.16billion in April, 2018. NNPC Group General Manager, Group Public Affairs Division, Ndu Ughamadu, who made this known in a statement, yesterday said the development was part of the highlight of the Corporation’s Monthly Financial and Operations Report for the review period. The report,…