Oil price hit $70 per barrel

The price of brent crude oil rose to 70 dollars a barrel on Monday, supported by ongoing output cuts led by OPEC and Russia, and ignoring a rise in U.S. and Canadian drilling activity that points to higher future output in North America. Brent sweet crude futures, the international benchmark for oil prices, were at […]

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Oil prices rise above $60

Oil markets were firm on Monday, with Brent crude opening above $60 per barrel on expectations an OPEC-led production cut due to expire next March would be extended. Brent crude oil futures, the international benchmark for oil prices, were at $60.63 per barrel at 0018 GMT, up 19 cents or 0.3 per cent from their […]

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Lai explains why cost of food items is high

The Federal Government says despite the revolution witnessed in the agricultural sector, the cost of food items is still high because of infrastructural deficit and export demands. The Minister of Information and Culture, Alhaji Lai Mohammed, said this on Tuesday when he featured on Africa Independent Television (AIT’s) Current Affairs programme “Focus Nigeria”. “Despite the […]

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