Nigeria’s major oil union will suspend a nationwide strike it began on Monday, its general secretary said, adding that members had what they wanted from a dispute resolution with the government and an oil company. “The strike has not been suspended for now but we are 100 percent sure it will be suspended,” said Lumumba […]
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The number of Americans applying for unemployment benefits fell by 11,000 last week to 225,000, the lowest in nearly two months and another sign that U.S. workers are enjoying job security. The Labor Department said Thursday that the less volatile four-week average also fell by 6,750 to 234,750. Overall, 1.89 million Americans are collecting unemployment […]
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Skye Bank Plc and six other companies have been commended and awarded platinum prize for committing huge resources in support of securing lives and property in Lagos State. The six other companies are: Zenith Bank Plc; First Bank Plc; United Bank for Africa; Access Bank Plc; Dangote Group and MTN Foundation. The seven organisations were […]
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Underlying U.S. consumer inflation slowed in November, held down by weak healthcare costs and the biggest drop in apparel prices in nearly two decades, which could impact the pace at which the Federal Reserve raises interest rates next year. Inflation has moderated for much of this year, leading to concern among some Fed officials that […]
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The federal government collected a record amount of tax income for the month of November and also had a record level of spending for the month, producing a budget deficit of $138.5 billion, up slightly from a year ago. The November deficit was 1.4 percent higher than a year ago, reflecting in part higher spending […]
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The U.S. consumers increased their borrowing by $20.5 billion in October. It was the biggest gain in 11 months and reflected strong increases in the use of credit cards and in auto and student loans. The October followed a $19.2 billion gain in September and was the best showing since November 2016, the Federal Reserve […]
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The nation’s homeless population increased this year for the first time since 2010, driven by a surge in the number of people living on the streets in Los Angeles and other West Coast cities. The U.S. Department of Housing and Urban Development released its annual Point in Time count Wednesday, a report that showed nearly […]
Read More U.S. crude oil is flooding into Asia, and may continue to do so as the arbitrage window that was initially created by Hurricane Harvey remains open, even though the disruption from the costliest storm to hit the Gulf of Mexico has faded. A record amount of U.S. crude is scheduled to arrive in Asia in […]
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U.S. job growth accelerated in October after hurricane-related disruptions in the prior month, but a sharp retreat in annual wage gains and surge in the number of people dropping out of the work force cast a cloud over the labor market. Nonfarm payrolls increased by 261,000 jobs last month as 106,000 leisure and hospitality workers […]
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ExxonMobil will spend $300 million to upgrade eight US chemical facilities and resolve allegations it spewed excess emissions of benzene and other dangerous chemicals into the air, US regulators announced Tuesday. The US petroleum giant will install new pollution controls and monitoring equipment at plants in Texas and Louisiana, according to a consent decree announced […]
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On the basis of guidelines by the Debt Management Office on subnational borrowing, 23 states of the federation exceeded their borrowing limits in 2015, the Fiscal Responsibility Commission has said. In a report on the states and indebtedness, the FRC said Lagos, Kaduna, Cross River, Gombe, Ekiti, Edo, Ondo and Imo states had borrowed more […]
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Crude oil exports from the United States will increase to meet 5 percent of global demand by 2022, as refiners seek more low-sulphur crude to meet stricter rules for cleaner fuels, an executive from Enterprise Partners LP said on Monday. U.S. oil exports may rise to about 4 million barrels per day (bpd) by 2022, […]
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