Dr Kayode Fayemi, the outgoing Minister of Mines and Steel Development has said that the revenue from exports in the mining sector increased by 592 per cent between 2016 and 2017. Fayemi made this known while giving account of his stewardship in the last two years in Abuja.

The Manufacturers Association of Nigeria (MAN) has appealed to the Federal Government to resolve its N29 billion electricity tariff dispute with the Electricity Distribution Companies (Discos) and the Nigerian Electricity Regulatory Commission (NERC).

The Director-General of MAN, Segun Ajayi-Kadir, made the appeal in an interview with the News Agency of Nigeria (NAN) on Tuesday in Lagos.

Ajayi-Kadir made the call while assessing the three years performance of President Muhammadu Buhari’s administration, its impact on the manufacturing sector and setting agenda for the coming year.

He urged the Federal Government to assist in settling the dispute out of court by picking part of the N29 billion debt.

Crude oil prices moved higher today after the Energy Information Administration reported a draw in crude oil inventories of 4.2 million barrels for the week to May 25, a day after the API pressured benchmarks by estimating an unexpected inventory increase of 1 million barrels for the period.

Telecom giant MTN Ghana Limited launched its Initial Public Offer on Tuesday as it commits to trade 35% of the company’s value.

Till the end of July, MTN will be offering 4,637,394,533 billion shares at 75 pesewas each.

The company is hoping to raise about GH¢3.478 billion cedis from the exercise and to possibly list on the Ghana Stock Exchange on September 5, 2018.

U.S. stocks opened sharply lower on Tuesday as investors switched cash into perceived safe havens of global financial markets due to a deepening political crisis in Italy and Spain.

Reuters reported that the Dow Jones Industrial Average lost 200 points, as the market began trading.

Initially, the Dow Jones .DJI fell 146.50 points, or 0.59 percent, at the open to 24,606.59.

Non-oil economic activity in the United Arab Emirates(UAE) grew by 3.1 percent from a year earlier in the first quarter, slowing slightly from 3.4 percent in the final quarter of 2017, the central bank estimated on Tuesday. Overall economic activity, which includes oil output, grew by 1.2 percent in the first quarter, accelerating from 0.1 percent in the previous quarter.

No fewer than 350,000 micro enterprises across the 36 states of Nigeria have benefited from the Federal Government Enterprise and Empowerment Programme, GEEP MarketMoni scheme. The Executive Director, Bank of Industry, BoI, Mrs. Toyin Adeniji, told newsmen at the Kano edition of Micro Small and Medium-scale Enterprises

Nigeria’s Minister of Finance, Mrs Kemi Adeosun, has succeeded in developing and implementing fiscal policies to curtail wastages in governance, thereby reducing fiscal leakages and boosting Government’s non-oil revenue. Mr Oluyinka Akintunde, Special Adviser to Adeosun on Media and Communications, said this in Abuja in a statement on the achievements of the Minister since her assumption of office in November, 2015.

More than N650 billion has so far been remitted as operating surplus into the Consolidated Revenue Fund (CRF) in the last two years, according to Mr Victor Muruako, Acting Chairman, Fiscal Responsibility Commission (FRC).

Muruako made this known, while speaking with the News Agency of Nigeria (NAN), on Tuesday in Abuja.

He said it was part of the FRC’s mandate to ensure that scheduled corporations under the Fiscal Responsibility Act (FRA) 2007, remit 80 per cent of its operating surplus into the CRF.

Oil prices extended losses on Monday as Saudi Arabia and Russia said they may increase supplies while U.S. production gains show no signs of slowing.

Brent crude futures LCOc1 stood at $75.35 a barrel at 0913 GMT, down $1.09 from the previous close and after touching a three-week low of $74.49 earlier in the session.

Reuter's news agency reports that U.S. West Texas Intermediate (WTI) crude futures were at $66.69, down $1.19, after hitting a six-week low of $65.80.