Author Archives: Chief Oyibo

Nigeria struggles to sell oil cargoes

Almost half of Nigeria’s cargoes due to be exported in January are still available, Reuters has reported, even as oil prices reach the $50s trough, ten dollars below Nigeria’s benchmark price. The backlog has pushed Nigerian oil differentials versus Brent … read more

Tokunbo cars to cost more next year

Prices of imported used cars, popularly called Tokunbo are expected to rise appreciably in the New Year as the Federal Government begins the collection of 70 per cent duty on second-hand vehicles imported into the country from January 1, 2015. This … read more