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The Organisation of the Petroleum Exporting Countries (OPEC) is inching closer to the conclusion of agreements in favour of its trade strategies which will allow for stability in the crude oil markets. OPED is meeting in Vienna together with non-OPEC oil producers to discuss output policy while easing the opposition of Iran and Saudi Arabia in this regard.

The highest socio-cultural organization in the South-East, Ohaneze Ndigbo has hailed the judgment of the Supreme Court of Nigeria in the case between Innoson Group of Companies and Guaranty Trust Bank, NAN reports. The group in a statement issued on Monday by Chief Emeka Attamah, Media Adviser to its President-General, Chief Nnia Nwodo said that by the judgment, the apex court refused to be used in an ethnic warfare to thwart Innoson of a judicial victory at the Court of Appeal.

The Central Bank of Nigeria (CBN) has rolled plans to issue N1.1 trillion worth of Treasury Bills (NTBs) in the third quarter of 2018. The apex bank disclosed this through its third quarterly NTBs Issuance programme released Tuesday this week. CBN issues TBs twice a month to help the government fund its budget deficit, support commercial lenders in managing liquidity and curb inflation.

Bitcoin Headed For Big Breakout, Tom Lee Stands Firmly On Prediction

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Managing partner and the Head of Research at Fundstrat Global Advisors still isn't ruling out his end-of-year Bitcoin price prediction of $25,000.

Earlier in the year, Lee declared that Bitcoin would reach $20,000 by the middle of the year before ending 2018 on a high note by setting a new record high. With the first half of the prediction looking unattainable, the Fundstrat analyst is refusing to back down.

The House of Representatives has called on the federal government to take immediate steps to discourage the importation of sugar into the country.

This followed a motion by Rep. Iboro Ekanem (Akwa Ibom-PDP) at the plenary on Thursday on the need to regularise the importation of sugar, while boosting domestic production and economic growth.

Ekanem said billions of naira was being lost to sugar importation annually.

The Supreme Court on Thursday struck out GTBank’s motion for stay of execution of the Enugu Court of Appeal Division’s order that GTBank pays over N6 Billion into an interest yielding account at the Court of Appeal.

Innoson’s legal team which was led by Prof McCarthy Mbadugha ESQ told the Supreme Court that the Judgment debt which arose from excess and unlawful charges which GTB took from Innoson’s account now stood at over N14billion.

The Director-General, Bureau of Public Enterprises (BPE), Mr Alex Okoh has disclosed that about N550 billion was realised from the sale of some of Federal Government’s 142 assets that had been privatised or commercialised.

Okoh stated this on Thursday in Abuja at a news conference on the organisation’s work plan and other initiatives for 2018, according to NAN.

An escalating international trade spat is threatening to cut into profit from the export of US whiskey to Europe, just as business is booming, according to Reuters.

U.S. President Donald Trump on June 1 imposed tariffs for aluminum imports from Mexico, Canada and the European Union. As a result, Spiegel expects his bill for recently-ordered steel fermentation tanks, worth several hundred thousand dollars, to be $50,000 to $60,000 higher.

The Central Bank of Nigeria (CBN) on Thursday, released guidelines for the bilateral currency swap agreement between Nigeria and China. The CBN gave the guidelines in a document signed by its Director, Financial Markets Department, Dr. Alvan Ikoku, and posted on its website. The regulator, in a document titled, “Regulations for Transactions with Authorised Dealers in Renminbi,” said it might conduct bi-weekly trading sessions to ensure liquidity for trade and direct investment between the two countries.