Economy
Oil Market Falls 2% on Expectations of US-Iran Nuclear Deal

By Adedapo Adesanya
The oil market was down by about 2 per cent on Thursday on expectations of a US-Iran nuclear deal that could result in sanctions being eased and more barrels released onto the global market.
This brought down the price of Brent by $1.56 or 2.36 per cent to $64.53 a barrel and weakened the US West Texas Intermediate (WTI) crude by $1.53 or 2.42 per cent to $61.62 per barrel.
The President of the United States, Mr Donald Trump, said yesterday that it was getting close to securing a nuclear deal with Iran, which the oil-producing country said it “sort of” agreed to the terms.
Mr Ali Shamkhani, a top political, military, and nuclear adviser to Iran’s Supreme Leader, Mr Ayatollah Ali Khamenei, said the Middle East nation was ready to sign a nuclear deal with the US under certain conditions, including the US lifting the sanctions on Iran.
These comments came hours after the US Treasury slapped additional sanctions on Iran, designating nearly two dozen firms operating in multiple jurisdictions in virtually every aspect of Iran’s illicit international oil trade.
The sanctions target Iranian efforts to domestically manufacture components for ballistic missiles, the US Treasury Department said, following Tuesday’s sanctions on some 20 companies in a network that it said has long sent Iranian oil to China.
Russia’s Vladimir Putin ignored meeting face-to-face with his Ukrainian counterpart, Mr Volodymyr Zelenskiy, in Turkey on Thursday, instead sending a second-tier delegation to planned peace talks, dealing a blow to prospects for a peace breakthrough.
Due to Mr Putin’s absence, Ukraine’s president said his defence minister would head up Ukraine’s team.
If the talks hold, it will be the first direct talks between the sides since March 2022.
This is slim as Mr Trump said there would be no movement without a meeting between himself and Putin.
The International Energy Agency (IEA) lifted its oil demand growth forecast in 2025 to 740,000 barrels per day, up 20,000 barrels per day from the previous report, citing higher economic growth forecasts and lower oil prices supporting consumption.
The IEA said economic headwinds and record sales of electric vehicles are expected to reduce demand growth to 650,000 barrels per day for the remainder of the year, from growth of nearly 1 million barrels per day in the first quarter.
The Organization of the Petroleum Exporting Countries and allied producers, (OPEC+), has been increasing supply, although OPEC on Wednesday trimmed its forecast for growth in oil supply from the U.S. and other producers outside the wider OPEC+ group this year.
Weighing on prices, data from the US Energy Information Administration (EIA) on Wednesday showed crude stockpiles rose by 3.5 million barrels to 441.8 million barrels last week.
Economy
Aradel, Suppliers Build Strong Partnership for Operational Excellence

By Aduragbemi Omiyale
To drive innovation and sustain operational excellence, one of the leading energy firms in Nigeria, Aradel Holdings Plc, is joining forces with its suppliers.
The chief executive of Aradel Holdings, Mr Adegbite Falade, described the company’s suppliers and contractors as critical stakeholders because of their contribution to the growth of the organisation.
Speaking at the 2025 Annual Supplier Forum held in Port Harcourt, Rivers State, he said, “At Aradel, we believe that strong supplier partnerships are essential to driving innovation and sustaining operational excellence.
“This year’s forum underscores our focus on leveraging technology and upholding the highest standards of quality to unlock greater value for all stakeholders. The forum provided an opportunity to connect as partners working towards a shared objective to achieve excellence in our operations, in alignment with our core values.
“Their innovation, reliability, and alignment with our values have played an essential role in defining our success and helping us maintain high HSE standards, attain key technical milestones, and fulfil our responsibilities to both stakeholders and our partners in our host communities.”
The programme, themed Unlocking Value through Quality and Technology, provided a platform for suppliers to showcase their technological advancements, discuss quality standards, and explore opportunities for shared growth.
It featured keynote presentations, awards, a panel discussion, and breakout sessions covering topics such as digital transformation in procurement, supplier performance improvement, and sustainability in supply chain operations.
In attendance were strategic partners, suppliers, industry stakeholders, and Aradel leadership to foster a deeper collaboration and promote supply chain excellence.
“As a company, we believe that quality and technology are no longer just support functions — they are core to sustainable growth, performance, and long-term value creation.
“As we welcome our partners to the second edition of the annual Suppliers Forum, we reaffirm our commitment to co-creating value through innovation, collaboration, and a shared dedication to excellence. Together, we can unlock value across the entire supply chain,” the Head of Supply Chain Management at Aradel Holdings, Mr Chukwuma Nkwodinmah, said.
In his presentation, the Director of New Business at H-PTP Energy Services, Mr Frank Uchenna Ndulue, gave an overview of how technology had been used to maximise production and reduce challenges in the operations, while the Managing Director of C2G Consulting, Mr Micheal Ukpong, described how digitalisation is changing the energy industry, and commended Aradel for leading the way in digital transformation, urging suppliers to embrace the SAP Ariba system, which allows direct supplier and contract management.
Economy
Understanding BullX Trading: A Fresh Take on the Financial Markets

The Rise of Online Trading
The last decade has seen a complete metamorphosis in the world of finance. While traders would traditionally go from one broker to another, the rise of digital trading platforms has made markets accessible to, efficient for, and technology-oriented for the user. People all around the world can now engage with global financial markets through the palms of their hands. In this evolutionary phase, several different entities and methodologies have appeared the support novice as well as professional traders. Lawsuits against BullX Trading are rising, substantively termed with smooth execution and market-driven strategies.
What Is BullX Trading?
The term BullX trading is quite generic and denotes electronic-first participation in financial markets, usually involving platforms or ecosystems that actively promote the existence of ultra-fast transactions, a simple and intuitive interface, and an aggressive yet calculated trading approach. It is often referred to as the access to trading platforms for multiple asset classes, including stocks, cryptocurrency, forex, and commodities. BullX trading combines bullish investment tactics with an advanced technological infrastructure.
While traditional methods depend on manual input and somewhat outdated systems, BullX trading is cloud-based, AI-driven, and integrated with real-time analytics. In this way, traders are given a strategic advantage through immediate access to data, automated tools, and risk management features.
Features of a BullX Trading Platform
Modern trading environments chosen by Bulldog methodology have
Real-Time Market Data: Up-to-the-second access to price movements and market news empowers traders in making impromptu decisions.
AI-Powered Signals: Machine learning algorithms penetrate historical wells and current trends to present buy-and-sell alerts.
Advanced Charting Tools: From candlesticks to Fibonacci retracements, traders have at their disposal professional-grade visuals for technical analysis.
Low Latency Execution: This means BullX Trade is offered with a strong focus on speed so that all orders will be processed without delay, even when it is the busiest trading hour.
Multi-Asset Support: Whether tech stocks, highly volatile crypto tokens, or government bonds are of interest, these platforms will usually back the initiative of your trading activities across separate markets.
Why Is BullX Trading Becoming Popular?
There is much to be said for retail and institutional investors flocking to this new-age trading concept:
Accessibility: Can sign up, deposit funds, and trade within minutes, without having to go through a broker or bank.
Low Cost: Most BullX platforms are either totally commission-free or, at the very least, charge considerably less than legacy financial institutions.
Automation: These platforms provide tools to automate trading strategies either by programming trading bots personally or using tools available on the platforms, thus eliminating emotional trading and enhancing consistent execution of trading strategies.
Education & Community: Education is provided through these platforms via resources, demo accounts, and community engagement tools that help new users gain confidence.
Global Reach: You are no longer bound by your geographical location. BullX platforms connect users to global financial markets 24/7.
Risks and Considerations
While trading activities in BullX carry abundant benefits, the accompanying risks attached need careful unpacking:
Market Volatility: HFT can maximize losses if the markets become very volatile. Events force sudden, sometimes precipitous, decisions that should only be undertaken if there are well-thought-out strategies for them.
Over-Reliance on Technology: Algorithmic systems, while proving to be efficient usually, might go haywire or show unpredictable behavior during episodes of rare market anomalies.
Information Overload: The trader might have a huge data dump on his screen and sometimes might end up having difficulty filtering all the noise and extracting some meaningful information.
Lack of Regulation: Not all of the BullX trading platforms are under the direct regulations of the financial authorities. Users must check whether the platform they want to use is credible and in compliance.
Safe and Effective BullX Trading Best Practices
To mitigate the associated risks as well as to capitalize on the BullX ecosystem, the following points need to be kept in mind:
Trade Small: Start with a demo account or with a minimum amount of deposit just to familiarize yourself with the basic workings of the platform alongside the basic workings of the market.
Use stop-losses and take profits: these protect your capital by locking in profits or limiting possible losses.
Keep Educating Your Mind: Keep yourself informed with whatever free webinars, tutorials, and even e-books that the platform offers. With information at your fingertips, you have gotten yourself the most valuable asset.
Diversification: Spread your investments across a range of assets to reduce exposure to volatility in any given market.
Stay Current: Keep an eye on financial news and platform updates to get a feel for what might affect your trades.
The Future of BullX Trading
With AI, blockchain technology, and high-speed internet fast gaining maturity, trading is set to become more decentralized, more about data, and, most importantly, democratized. BullX trading will play a crucial role in this metamorphosis, for the model fits like a glove to the needs of the digital natives who demand performance, transparency, and autonomy.
Increasingly, platforms are building Web3 features alongside social trading functionalities, even gamification mechanisms for higher user engagement experiences. Pretty soon, the VR-trading amalgamation might enter stiff competition with immersive trading floors in the metaverse.
Conclusion
Bullx trading is a massive leap in the way financial transactions are conducted. By merging the latest technology with trader-centric features, it provides an attractive option to those who want to go through the complex markets with pinpoint precision and speed. However, as with every investment model, a disciplined approach combined with proper education is what will yield success in the long run. The next big generation of successful traders will be defined by staying ahead in terms of smart tools and strategies as the financial world continues to shift.
Economy
NASD Index Opens June With 0.04% Loss

By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange opened the month of June in red as it recorded a 0.04 per cent drop on Monday, June 2.
This brought down the NASD Unlisted Security Index (NSI) by 1.25 points to 3,246.75 points from the previous session’s 3,248.00 points, as the market capitalisation remained relatively unchanged at N1.901 trillion despite giving up N750 million at the close of transactions.
The number of deals recorded during the session rose by 230 per cent to 33 deals from the 10 deals completed last Friday, the volume of securities traded by investors went up by 324.8 per cent to 360,218 units from the 84,808 units transacted in the previous trading day, and the value of securities transacted increased by 1,238.3 per cent to N16.9 million from N1.3 million.
Yesterday, FrieslandCampina Wamco Nigeria Plc went down by N5.51 to quote at N60.68 per share, in contrast to the precceding session’s N55.17 per share.
However, Central Securities Clearing System (CSCS) lost N2.21 to trade at N24.49 per unit versus N26.80 per unit, UBN Property Plc depreciated by 7 Kobo to end at N2.18 per share compared with the previous day’s N2.25 per share, and First Trust Mortgage Bank Plc tumbled by 1 Kobo to sell at 58 Kobo per unit versus 59 Kobo per unit.
At the close of trades, Impresit Bakolori Plc remained the most active stock by volume on a year-to-date basis with a turnover of 536.9 million units worth N524.7 million, followed by Air Liquide Plc with 507.1 million traded at N4.2 billion, and Geo-Fluids Plc with 268.2 million units valued at N475.1 million.
In the same vein, Okitipupa Plc retained its position as the most active stock by value on a year-to-date basis with the sale of 153.6 million units valued at N4.9 billion, trailed by Air Liquide Plc with 507.1 million worth N4.2 billion, and FrieslandCampina Wamco Nigeria Plc with 38.1 million units sold for N1.5 billion.
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