Category: Economy

Shipment of Nigeria’s Bonny Light crude delayed

Shipments of Nigeria’s Bonny Light crude, one of the country’s major sources of oil revenue, are experiencing delays in loading, although the reason was not immediately clear, several trading sources said on Thursday. Several traders …

Crude oil price rises above $80

Crude oil price has climbed above 80 dollars per barrel for the first time in three-and-a-half years amid simmering global tensions over Iran. Brent crude has been rising in recent months as supplies tighten and …

Gunmen kill director of Dangote Cement plant

Unidentified gunmen killed the manager of a plant owned by Nigeria’s Dangote Industries Limited in Ethiopia on Wednesday after he was attacked in the restive Oromiya region while returning to the capital from the factory, …