Brent oil prices hit highest since late 2014 on supply cuts, potential sanctions

24 April 2018
Brent oil prices hit highest since late 2014 on supply cuts, potential sanctions

International oil prices hit their highest levels since late 2014 on Tuesday, pushed up by expectations of renewed U.S. sanctions against Iran and as OPEC continues withholding supplies amid strong...

World Bank: disapora remittances hit $22b

24 April 2018
World Bank: disapora remittances hit $22b

Diaspora Nigerians sent $22 billion home last year, an African record and the fifth largest remittance by immigrants, World Bank has said. Egypt received $20 billion from its citizens abroad,...

Trump rails against high oil prices, OPEC pushes back

21 April 2018
Trump rails against high oil prices, OPEC pushes back

U.S. President Donald Trump accused OPEC on Friday of "artificially" boosting oil prices, drawing rebukes from some of the world's top energy exporters."Looks like OPEC is at it again. With...

Oil close to late-2014 highs on supply cuts, strong demand

20 April 2018
Oil close to late-2014 highs on supply cuts, strong demand

Oil prices held firm on Friday near three-year highs reached earlier this week as ongoing OPEC-led supply cuts gradually draw down excess supplies. Brent crude oil futures were at $73.87...

VC calls for legislation against ‘free range’ to prevent herdsmen-farmers clashes

19 April 2018
VC calls for legislation against ‘free range’ to prevent herdsmen-farmers clashes

Funmi Olaitan, Ibadan Vice Chancellor, Obafemi Awolowo University (OAU), Ile Ife, Mr Eyitope Ogunbodede, on Wednesday, called for legislation against free range of domestic animals like cattle to put a...

Jeff Bezos uses a smart tactic to make seemingly impossible decisions very easily: Here’s how it works

19 April 2018
Jeff Bezos uses a smart tactic to make seemingly impossible decisions very easily: Here’s how it works

Amazon CEO Jeff Bezos uses a "regret minimization framework" to decides which risks to take in his career. Amazon CEO Jeff Bezos uses a system called the "regret minimization framework"...

IMF to Nigeria: You won’t be lucky if oil prices plunge again

18 April 2018
IMF to Nigeria: You won’t be lucky if oil prices plunge again

International Monetary Fund (IMF) has cautioned Nigeria and other oil exporting countries yet to utilise the opportunity created by the prolonged stability in crude oil prices to reform their economies,...

Oil prices rise amid risk of supply disruptions

17 April 2018
Oil prices rise amid risk of supply disruptions

Oil prices rose on Tuesday amid worries there could be a high risk of disruptions to supply, especially in the Middle East. Brent crude oil futures were at $71.80 per...

These are the top 4 reasons why start-ups fail

16 April 2018
These are the top 4 reasons why start-ups fail

In order to build up a successful start-up, it is important to understand why other start-ups have failed in the past.Entrepreneurs sometimes overlook the value of market research, which is...

Oil hovers near highest since 2014 as OPEC sees tighter market

13 April 2018
Oil hovers near highest since 2014 as OPEC sees tighter market

Oil prices edged off highs last reached in late 2014 due to rising U.S. stocks but remained well supported by mounting geopolitical tension in the Middle East, shrinking global oil...

FG extends VAIDS to June 30

12 April 2018
FG extends VAIDS to June 30

President Muhammadu Buhari on Wednesday approved extension of Voluntary Assets and Income Declaration Scheme to June 30, 2018. According to a statement by Special Adviser to the President on Media...

Nigeria stocks drop to 3-month low after Buhari eyes re-election

10 April 2018
Nigeria stocks drop to 3-month low after Buhari eyes re-election

Nigerian stocks dropped to a three-month low after President Muhammadu Buhari said he would seek re-election in 2019, ending months of speculation about his future after bouts of ill health....

Nigeria’s foreign reserves rise above $47bn

10 April 2018
Nigeria’s foreign reserves rise above $47bn

Nigeria’s foreign reserves have continued to grow significantly with latest figures by Central Bank of Nigeria (CBN) at about $47.37 billion as at April 5. The new figures rose from...

Lufthansa cancels 800 flights amid strike action

10 April 2018
Lufthansa cancels 800 flights amid strike action

Lufthansa has been forced to cancel 800 flights on Tuesday as the spring of discontent among Europe's workers spreads to Germany. The airline has axed half of its 1,600 scheduled...

Taxis without air conditioning to be off road in Abuja - FCTA

10 April 2018
Taxis without air conditioning to be off road in Abuja - FCTA

Transport Secretariat of Federal Capital Territory Administration (FCTA) has released more guidelines for passenger service (commercial) vehicles, operating within FCT. Mr Kayode Opeifa, Transport Secretary of FCTA, stated this in...

CBN deputy governors get portfolios

09 April 2018
CBN deputy governors get portfolios

Central Bank of Nigeira (CBN) has assigned its two new deputy governors – Mrs Aishah Ahmed and Mr. Edward Lemetek Adamau – portfolios. CBN Governor, Mr Godwin Emefiele, who made...

Facebook users would have to pay to opt out of ads - FB COO

09 April 2018
Facebook users would have to pay to opt out of ads - FB COO

Facebook COO Sheryl Sandberg tells NBC News in a new interview that users of the popular social media platform would have to pay a subscription fee in order to avoid...

Glo-powered CNN African Voices features 3 artists

07 April 2018
Glo-powered CNN African Voices features 3 artists

Three artists who have demonstrated exemplary performances in their arts and acts are the guests on this week's edition of the Glo-CNN African Voices, a 30-minute magazine programme on the...

Oil prices rise as Saudi Arabia says production curbs could last into 2019

23 March 2018
Oil prices rise as Saudi Arabia says production curbs could last into 2019

Oil prices rose on Friday, pushed up by Saudi statements that OPEC and Russian led production curbs that were introduced in 2017 will need to be extended into 2019 in...

What’s inside Nigeria’s foreign reserves? - Feyi Fawehinmi

22 March 2018
What’s inside Nigeria’s foreign reserves? - Feyi Fawehinmi

It was former president Obasanjo who started this whole business of turning the nation’s foreign reserves into an achievement to be celebrated. When Obasanjo took office in May 1999, Nigeria’s...

Agric Commissioners declare weeds as major productivity drawback in cassava farming

22 March 2018
Agric Commissioners declare weeds as major productivity drawback in cassava farming

Funmi Olaitan, Ibadan Commissioners of Agriculture in the country’s cassava growing belt have blamed weeds as major drivers of low yield in cassava and the main constraint limiting competitiveness of...

Electricity consumers to pay more in new NERC regulation

20 March 2018
Electricity consumers to pay more in new NERC regulation

As consumers grapple with high electricity bills across the states, Nigerian Electricity Regulatory Commission (NERC) yesterday, introduced a new policy that may worsen their plight. The latest regulation which came...

Nigeria’s first online trade fair debuts in May

20 March 2018
Nigeria’s first online trade fair debuts in May

A Nigerian firm, Best Hope Services, says it will unveil the first online trade exhibition in the country in May to promote innovations by local inventors, scholars and entrepreneurs. The...

Banks lose 2 million customers - NIBSS

19 March 2018
Banks lose 2 million customers - NIBSS

Despite Central Bank of Nigeria’s (CBN) effort to promote financial inclusion, Nigerian banks lost over two million customers between 2016 and 2017, with several customers abandoning their accounts due to...

Oyo gets four-star rating on investment certification

19 March 2018
Oyo gets four-star rating on investment certification

Funmi Olaitan, Ibadan Oyo State government, on Sunday, said the state has been given a four-star rating as a Well Qualified State to help foreign and domestic investors by Nigerian...

Oil prices jump, Brent hits highest in more than two weeks

17 March 2018
Oil prices jump, Brent hits highest in more than two weeks

Oil prices jumped on Friday, with Brent crude futures hitting their highest in more than two weeks as U.S. stock prices rose and investors covered short bets ahead of a...

Stephen Hawking's advice for a fulfilling career

16 March 2018
Stephen Hawking's advice for a fulfilling career

The legendary scientist advised his children to find work that provides purpose. What do career and leadership experts think?Stephen Hawking left a legacy that transcended academia – it’s found in...

FG to auction N70 billion bonds March 21

14 March 2018
FG to auction N70 billion bonds March 21

The Federal Government has offered for subscription by auction N70 billion worth of bonds in its March 21 auction, says Debt Management Office (DMO). The offer circular obtained from its...

Buhari approves new excise duty rates for alcoholic beverages, tobacco

12 March 2018
Buhari approves new excise duty rates for alcoholic beverages, tobacco

President Muhammadu Buhari has approved an amendment to the excise duty rates for alcoholic beverages and tobacco with effect from Monday, 4th June, 2018. A statement from the federal ministry...

Fraud cases by bank staff increased in 2017 – NDIC

12 March 2018
Fraud cases by bank staff increased in 2017 – NDIC

Nigeria Deposit Insurance Corporation (NDIC) says the number of fraud cases attributed to internal abuse by staff of banks increased from 231 in 2016 to 320 in 2017. Mr Mohammed...

Black Panther film: 'Game-changing' movie rakes in $1bn

12 March 2018
Black Panther film: 'Game-changing' movie rakes in $1bn

Marvel's superhero film Black Panther has taken more than a billion US dollars (£794m) at cinemas worldwide. It is the fifth movie based in Disney's Marvel Universe to hit the...

Facebook, FATE Foundation partner on bootcamps for entrepreneurs

08 March 2018
Facebook, FATE Foundation partner on bootcamps for entrepreneurs

Facebook and FATE Foundation said plans have been concluded to hold the 2018 edition of the Aspiring Entrepreneurs Digital Programme, a free four-week bootcamp for select entrepreneurs in seven cities...

BlackBerry sues Facebook, WhatsApp, Instagram over patent infringement

07 March 2018
BlackBerry sues Facebook, WhatsApp, Instagram over patent infringement

BlackBerry Ltd on Tuesday filed a patent infringement lawsuit against Facebook Inc and its WhatsApp and Instagram apps, arguing that they copied technology and features from BlackBerry Messenger.Litigation over patent...

Oil prices climb ahead of OPEC meeting with U.S. shale firms

05 March 2018
Oil prices climb ahead of OPEC meeting with U.S. shale firms

Oil prices rose early on Monday ahead of a meeting between OPEC and U.S. shale firms in Houston, raising expectations that oil producers would discuss further how to clear a...

Nigeria now world’s largest petrol importer - NNPC

02 March 2018
Nigeria now world’s largest petrol importer - NNPC

Nigeria is the only member country in Organisation of Petroleum Exporting Countries (OPEC) that imports petrol and is currently the largest importer of Premium Motor Spirit (PMS) in the world,...

Nigerians to make payments using Facebook messenger as Mastercard launches new feature

02 March 2018
Nigerians to make payments using Facebook messenger as Mastercard launches new feature

PRESS RELEASE At Mobile World Congress, Mastercard on Wednesday announced that it would use Facebook Messenger to provide technology to small businesses in Africa and Asia to drive affordable acceptance...

NNPC returns to search for oil in Lake Chad after kidnap

01 March 2018
NNPC returns to search for oil in Lake Chad after kidnap

Barely two weeks after the release of some lecturers prospecting for oil in the Chad Basin, Nigeria National Petroleum Corporation, NNPC, has concluded arrangement to recommence exploration activities at the...

Oil prices fall for second day after stockpiles rise

28 February 2018
Oil prices fall for second day after stockpiles rise

U.S. oil prices extended declines into a second day on Wednesday as the dollar gained and industry data showed an increase in U.S. crude and gasoline stockpiles, with surging production...

We’ll flood market with lower naira notes - CBN

28 February 2018
We’ll flood market with lower naira notes - CBN

Central Bank of Nigeria, in a bid to address acute shortage of lower denomination currencies, on Tuesday commenced an exercise aimed at flooding the market with N100, N50, N20, N10...

Oil climbs as Libyan outage, Saudi comments support

24 February 2018
Oil climbs as Libyan outage, Saudi comments support

Oil prices rose on Friday to their highest in more than two weeks, supported by the shutdown of the El Feel oilfield in Libya and upbeat comments from Saudi Arabia...




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