WTI crude futures traded higher at $53 per barrel on Tuesday, their highest level since February 2020, as US crude inventories are seen falling for a fifth straight week and as investors expect President-elect Joe Biden to deliver “trillions” in extra pandemic-relief spending when he takes office next week. Prices …

WTI crude futures jumped more than 3.5% to 52.7 a barrel on Friday, the highest on a closing basis since February of 2020, booking a 10.5% jump on the week after Saudi Arabia pledged to cut output by 1 million barrels per day in February and March. The move also …

Twitter has permanently suspended the United States President Donald Trump’s account for inciting violence. The social media network made this known in a blog post titled ‘Permanent suspension of @realDonaldTrump’ on Friday. “After close review of recent Tweets from the @realDonaldTrump account and the context around them — specifically how they are …

The Minister of Power, Saleh Mamman, has directed the Nigerian Electricity Regulatory Commission (NERC) to inform all Electricity Distribution Companies(DISCOs) to revert to tariffs that were applicable in Dec. 2020. Aaron Artimas, Senior Special Adviser, Media and Communications to the Minister of Power, made this known in a statement in …

President Donald Trump has promised “an orderly transition” to Joe Biden’s new administration on January 20, following affirmation of Biden’s electoral votes victory. Mr Trump is currently unable to tweet after Twitter suspended his account for 12 hours, however he released a statement through White House staffer Dan Scavino. “Even …

The South African government said it plans to vaccinate about 50 million people representing 67% of its population before the end of the current year. The info was given on January 3 by the health minister Dr. Zweli Mkhize during a press conference on the national vaccine rollout strategy. The …

EU officials expressed shock at the “assault on US democracy” witnessed by the storming of the US Congress on Wednesday by thousands of supporters of outgoing President Donald Trump. “To witness tonight’s scenes in Washington DC is a shock,” European Council president Charles Michel tweeted. “In the eyes of the …

WTI crude futures swung between small gains and losses on Wednesday but hovered around $50 a barrel which is the highest level in 11 months after Saudi Arabia unexpectedly agreed to voluntarily cut production by 1 million bpd in February and March during an OPEC+ meeting. The move also persuaded …

In this interview, the Permanent Secretary, Federal Ministry of Industry, Trade and Investment, Dr. Nasir Sani-Gwarzo, told The Commerce Africa how Nigeria will come out stronger from the recession. Excerpt: TCA: The world has experienced polio, malaria, Ebola, HIV among other deadly diseases yet the world leaders were not exceptionally …

Oil prices declined on Tuesday before deadlocked talks between major producers about potential changes in February output are set to continue later in the day. The majority of OPEC+ members were reportedly in favor of maintaining the January production quotas into February, but were unable to budge Russia from its …