Oil prices rose on Wednesday, lifted by a fall in U.S. crude inventories and concerns that tensions in the Middle East could disrupt supplies.

The National Coordinator, Rural Access and Mobility Project (RAMP), Mr Ularamu Ubandoma, has disclosed that 18 more states will benefit from the 500 million dollars World Bank assisted projects. The project is under the Rural Access and Agricultural Marketing Project (RAAMP3).

Inflation rate in Nigeria dropped for the eighth consecutive time since January 2017. Nigeria’s inflation rate dropped to 15.98 per cent in September from 16.01 per cent recorded in August, the National Bureau of Statistics, NBS, said on Tuesday. According to data released by the NBS, the decline was 0.03 per cent points lower than the rate recorded in August.

The District Manager, Nigeria Postal Service (NIPOST), Ilorin, Mr Godwill Magulike, said on Friday that the agency would soon introduce banking services in its operation.
Magulike told the News Agency of Nigeria (NAN) in Ilorin that the agency’s banking services would enable Nigerians to send money across the country and beyond, thereby complimenting its courier services.

Weekly transactions on the Nigerian Stock Exchange (NSE) reopened on positive note on Monday with the All-Share Index improving by 0.33 per cent.

The Managing Director of the International Monetary Fund, Christine Lagarde, has stated that the economy of some West African nations, including Nigeria, is not growing at the same rate as its population. She made this statement on Thursday while addressing the press at the ongoing International Monetary Fund annual meetings holding in Washington.

The World Bank Group says it has an investment portfolio of about N8.5 billion scattered across several states and regions in Nigeria as part of efforts to support inclusive economic development and youth empowerment in the country.

The Nigerian government on Thursday gave an indication that it would soon review the privatisation of power plants in the country to enable government restructure their ownership and capacity to deliver value to the people.

Africa’s Biggest Refinery Takes Shape

The completion of Dangote Refinery in 2019 will mark another milestone in the Nigerian oil and gas industry as it holds the prospect of stopping the importation of refined petroleum products by Nigeria.