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See Latest Price Of Crude Oil As Sanction On Iran Imminents

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OPEC Increases Oil Barrels Output To 1.3 Million Barrels

Brent crude oil prices hit their highest level since November 2014 on Monday ahead of U.S. sanctions against Iran that kick in next month.
Brent sweet crude oil futures rose to as much as 83.27 dollars a barrel.
U.S. West Texas Intermediate (WTI) crude futures were at 73.57 dollars a barrel.
Brent was pushed up by the looming sanctions against Iran, which will start targeting its oil sector from Nov. 4.
ANZ bank said on Monday that “the market is eyeing oil prices at 100 dollars per barrel’’.
There had been expectations China would ignore U.S. sanctions.
However, China’s Sinopec is halving loadings of crude oil from Iran this month, in a sign that pressure from Washington is having an effect.
U.S. President Donald Trump called Saudi Arabia’s King Salman on Saturday, discussing ways to maintain sufficient supply once Iran’s exports are hit by sanctions.
With oil prices soaring, there are concerns over their inflationary effect on demand growth, especially in Asia’s emerging markets where weakening currencies are further adding to high fuel import costs.
In Japan, business confidence among big manufacturers worsened in the last quarter to hit its lowest level in nearly a year, as firms felt the pinch from rising raw material costs.
Global trade conditions seemed worsened

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MTN Nigeria: See names of real owners as it goes public

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MTN Nigeria

MTN Nigeria has gone public on Thursday  and therefore the company is under the oversight of those  looking to invest. All its progress  will now be subject to the Nigerian Stock Exchange’s legal and regulatory laws.

In track with the above, the media has a responsibility to track at each and every stage in its administrative history how open or opaque a public company is.

The Cable acquired the investor list, that now owns billions in the Nigerian Stock Exchange’s second most important company. Even though MTN Nigeria is still dominated by MTN Group, the parent country, in the mobile operator, some prominent Nigerians hold billions.

Here is the Full List of the Shareholders.

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Company owners

ShareholderValue (NGN)Hold
MTN Nigeria1.68 Trillion76%
STANBIC IBTC213.7 Billion9.64%
Mobile Telephone Network60.95 Billion2.75%
Gov. Employees Pension Fund38.69 Billion1.75%

Personal Owners

ShareholderValue (NGN)Hold
Victor Odili87.87 Billion3.96%
Pascal Dozie37.07 Billion1.67%
Sani Mohammed Bello28.87 Billion1.30%
Babatunde Folawiyo23.83 Billion1.08%
Gbenga Oyebode19.80 Billion0.89%
Ahmed Dazuki19.35 Billion0.87%
Karl Olutokun Toriola100.1 Million0.005%
TOTAL2.22 Trillion100%
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A Good time to Invest in Cryptocurrency? as Bitcoin drops by 10% in 2 hours.

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Bitcoin Cryptocurrency price in Nigeria Naira #

Bitcoin is at the fore front when it comes to Cryptocurrency. It started out in 2009 as a peer to peer distributed banking network.

Bitcoin slowly gain popularity within the years as people saw the importance of a decentralized network i.e. a network controlled by the people with the elimination of middlemen interference.

After 2 years of operation, 1 BTC was equivalent to $31 which quickly dropped down to $2 after six months showing how volatile the Cryptocurrency market was.

By April 2013, the virtual coin has risen to $266 which rose steadily to $1000 in January 2014.

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The Unstable rise and fall continued until December 2017 when Bitcoin rose to an all time high of about $20,000 for 1 BTC.

Currently, 1 Bitcoin goes for $7100 which is N2.6 Million.

Here is a live Update of the BTC coin

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Although, the market is great for investment opportunity, there is need for Investors to be cautious due to the volatility of Cryptocurrency.

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