Oil extends decline after biggest monthly slump in two years

01 August 2018
Oil extends decline after biggest monthly slump in two years

Oil prices fell on Wednesday after industry data showed U.S. stockpiles of crude unexpectedly rose, starting the new month in negative territory after the largest monthly decline in two years...

Fashola interested only in ‘over-priced contracts’ - DISCOs

01 August 2018
Fashola interested only in ‘over-priced contracts’ - DISCOs

Electricity distribution companies (DISCOs) on Tuesday accused the power ministry of being more interested in awarding “over-priced, misguided contracts” than bridge the over N1.3 trillion tariff gap in the industry...

Businesses spend N5trn yearly on generators – Official

31 July 2018
Businesses spend N5trn yearly on generators – Official

Businesses in the country spend an estimated $14 billion (about N5 trillion) annually importing, fuelling and maintaining generators, Executive Director, Rural Electrification Funds at the Rural Electrification Agency (REA), Mr...

Zuckerberg loses more than $15 billion in record Facebook fall

27 July 2018
Zuckerberg loses more than $15 billion in record Facebook fall

Facebook Inc Chief Executive Mark Zuckerberg's fortune took a more than $15 billion (11.44 billion pounds)hit on Thursday, as the social media company suffered the biggest one-day wipeout in U.S....

Hajj 2018: Black market operators besiege Nigerian pilgrims for Forex

27 July 2018
Hajj 2018: Black market operators besiege Nigerian pilgrims for Forex

Foreign exchange black market operators are making brisk business from Nigerian pilgrims in Madinah, since arrival of the first batch from Kogi for this year’s Hajj. The operators, mainly Nigerians...

Google to launch 200 free Wi-Fi hotspots in Nigeria

27 July 2018
Google to launch 200 free Wi-Fi hotspots in Nigeria

Google on Thursday announced it would launch a network of free Wi-Fi hotspots in 200 locations and five cities across Nigeria by the end of 2019. The development comes as...

Trump, European Union leaders pull back from trade war

26 July 2018
Trump, European Union leaders pull back from trade war

President Donald Trump and European leaders pulled back from the brink of a trade war over autos Wednesday and agreed to open talks to tear down trade barriers between the...

EU fines Google a record $5 billion over mobile practices

19 July 2018
EU fines Google a record $5 billion over mobile practices

European regulators came down hard on another U.S. tech giant Wednesday, fining Google a record $5 billion for forcing cellphone makers that use the company's Android operating system to install...

With $150 billion, Jeff Bezos is now the richest man in modern history

18 July 2018
With $150 billion, Jeff Bezos is now the richest man in modern history

Just as Prime Day was kicking off, Amazon CEO Jeff Bezos on Monday reportedly became the richest man in modern history. According to Bloomberg Billionaires Index, which tracks net worth...

ExxonMobil Lagos headquarters shut by protesting workers

18 July 2018
ExxonMobil Lagos headquarters shut by protesting workers

Lagos headquarters of ExxonMobil has been shut down by the company’s workers’ unions over alleged dismissal of 860 security personnel without entitlement. The workers besieged the oil company, protesting the...

Global economy’s uncertain future - Jim O'Neill

18 July 2018
Global economy’s uncertain future - Jim O'Neill

At the start of 2018, most of the world economy was experiencing a synchronized cyclical recovery that seemed to herald a longer period of sustainable growth and an end to...

Nigeria’s economic recovery still challenging – IMF

15 July 2018
Nigeria’s economic recovery still challenging – IMF

International Monetary Fund (IMF) says Nigeria’s economic outlook for 2018 remains challenging as private sector lending remains low and foreign exchange inflows are mostly short-term. IMF in a statement issued...

US proposes tariffs on $200 billion more in Chinese imports

11 July 2018
US proposes tariffs on $200 billion more in Chinese imports

Trump administration is readying tariffs on another $200 billion in Chinese imports, ranging from burglar alarms to mackerel, escalating a trade war between the world's two biggest economies. The Office...

The 12 key principles of financial success in today's world

11 July 2018
The 12 key principles of financial success in today's world

Consciously dedicating specific time into every part of your life will cut off destructive spending urges. It is a good idea to establish clear principles to live by when it...

Brent leads crude prices higher as Norway oil workers get ready to strike

10 July 2018
Brent leads crude prices higher as Norway oil workers get ready to strike

Oil prices rose on Tuesday on escalating concerns over potential supply shortages, with Brent crude leading the way as hundreds of oil workers in Norway were set to strike later...

World’s fish consumption unsustainable, UN warns

10 July 2018
World’s fish consumption unsustainable, UN warns

A third of the world’s oceans are overfished and fish consumption is at an all-time high, raising fears over the sustainability of a key source of protein for millions around...

FG directs Discos to deliver power or quit

10 July 2018
FG directs Discos to deliver power or quit

Federal government on Monday asked the 11 electricity distribution companies (Discos) in Nigeria’s electricity market to buckle up or get out and leave the business of power distribution for people...

N100b manufacturing plant shuts down in Ogun

06 July 2018
N100b manufacturing plant shuts down in Ogun

A leading FMCG (Fast-moving Consumer goods) in the Nigerian market, Procter & Gamble (P&G), has provided a reason for deciding to shut down its Agbara plant. The firm said the...

Air Peace inaugurates first all-female flights to Abuja, Owerri

06 July 2018
Air Peace inaugurates first all-female flights to Abuja, Owerri

Air Peace on Thursday inaugurated its first all-female flights from Lagos to Abuja and Owerri, to promote gender equality in the nation’s aviation industry. The Boeing B777-300 aircraft piloted by...

Nigeria’s Internet users hit 103 million – NCC

04 July 2018
Nigeria’s Internet users hit 103 million – NCC

Executive Vice Chairman, Nigerian Communications Commission (NCC), Mr Umar Danbatta, on Tuesday described the growth of the internet as enormous with the number of users reaching 103 million in May....

The billionaire who runs more than 100 companies according to 19 rules

04 July 2018
The billionaire who runs more than 100 companies according to 19 rules

Dan Gilbert, who owns Cleveland Cavaliers, made his fortune with his mortgage company Quicken Loans and now runs all his companies under Rock Ventures. Dan Gilbert is the billionaire owner...

Oil falls as Saudi output rises to compensate for disruptions

02 July 2018
Oil falls as Saudi output rises to compensate for disruptions

Oil prices fell by more than one percent on Monday as investors eyed rising supplies in Saudi Arabia, while U.S. President Donald Trump kept up the pressure on the world's...

Ibadan butchers lament detention of members

02 July 2018
Ibadan butchers lament detention of members

Funmi Olaitan, Ibadan Displaced butchers at Bodija market directed to relocate to Amosun village by Oyo State government, have raised the alarm that no fewer than 11 of them and...

Wema Bank appoints new MD

30 June 2018
Wema Bank appoints new MD

Wema Bank Plc has announced the appointment of Mr Ademola Adebise as its Acting Managing Director/Chief Executive Officer (MD/CEO). Adebise, previously Deputy Managing Director (DMD) of the bank, replaces Mr...

36.6 million telephone lines in Nigeria redundant – NCC

29 June 2018
36.6 million telephone lines in Nigeria redundant – NCC

Executive Vice Chairman of the Nigerian Communications Commission (NCC), Mr Umar Danbatta, on Thursday said the 36.6 million telephone lines withdrawn from telecom operators in March this year, were found...

Oil surges as U.S. pushes allies to halt imports of Iranian crude

27 June 2018
Oil surges as U.S. pushes allies to halt imports of Iranian crude

Crude futures jumped over 2 percent on Tuesday and U.S. oil topped $70 for the first time in two months as Washington pushed allies to halt imports of Iranian crude,...

Buhari inaugurates rice seedling factory in Calabar

27 June 2018
Buhari inaugurates rice seedling factory in Calabar

President Muhammadu Buhari on Tuesday, in Calabar, Cross River State, inaugurated rice seeds and seedling factory built by Cross River State government. Mr Buhari described the factory as a reference...

The unseen hand of China in Africa’s largest economy - Feyi Fawehinmi

27 June 2018
The unseen hand of China in Africa’s largest economy - Feyi Fawehinmi

Sometimes a throwaway sentence is more illuminating than it ought to be. A line in an article in Roads & Kingdoms in January about the Chinese in Lagos did just...

Oyo-Osun Customs arrest 8 for smuggling, generate N9b in five months

27 June 2018
Oyo-Osun Customs arrest 8 for smuggling, generate N9b in five months

Funmi Olaitan, Ibadan No fewer than eight suspects have been arrested by Oyo/Osun Command of Nigeria Customs Service (NCS), in connection with smuggling of various contraband goods. Customs Area Controller...

Oyo state zone, Oke-Ogun, rejects cattle ranches

26 June 2018
Oyo state zone, Oke-Ogun, rejects cattle ranches

Funmi Olaitan, Ibadan Criticisms trailing recent decision by the Federal Government to create cattle ranches in some states of the country have refused to abate as people of Oke Ogun...

Osinbajo visits Ibadan for MSEMs clinic, youth town hall

25 June 2018
Osinbajo visits Ibadan for MSEMs clinic, youth town hall

Funmi Olaitan, Ibadan Vice President Yemi Osinbajo, will on Tuesday, be in Ibadan for Oyo State Edition of National Micro, Small and Medium Enterprises (MSMEs) Clinic and town hall meeting...

How Nigeria’s stylish in-demand World Cup jersey is making millionaires out of bootleggers

25 June 2018
How Nigeria’s stylish in-demand World Cup jersey is making millionaires out of bootleggers

Yomi KazeemNigeria’s stylish soccer kit has been one of the major stories of the 2018 soccer World Cup. Since being unveiled in February, the kit has become a fashion item...

OPEC agrees to pump more oil but crude prices jump anyway

23 June 2018
OPEC agrees to pump more oil but crude prices jump anyway

Countries of the OPEC cartel agreed on Friday to pump 1 million barrels more crude oil per day, a move that should help contain the recent rise in global energy...

Court dismisses FG’s suit seeking forfeiture of accounts not linked to BVN

23 June 2018
Court dismisses FG’s suit seeking forfeiture of accounts not linked to BVN

Federal High Court, Abuja, has dismissed a suit filed by federal government seeking permanent forfeiture of accounts not linked to Bank Verification Number (BVN). Mr Nnamdi Dimgba dismissed the motion...

EU tariffs on US goods come into force

22 June 2018
EU tariffs on US goods come into force

European Union (EU) has introduced retaliatory tariffs on US goods as a top official launched a fresh attack on President Donald Trump's trade policy. Duties on €2.8bn (£2.4bn) worth of...

FG adopts ranching to permanently solve farmers-herders crisis

20 June 2018
FG adopts ranching to permanently solve farmers-herders crisis

Federal government has presented a plan to permanently solve farmers-herders conflicts in Nigeria which has claimed lives of thousands over the years. Hundreds of people have been killed in 2018...

Naira exchange rates converge across major market segments

20 June 2018
Naira exchange rates converge across major market segments

Naira on Tuesday converged at N360 to the dollar across the major foreign exchange market. At parallel market, naira traded at N360 to a dollar, stronger than the N360.6 exchanged...

Oil prices fall on expectation Russia, Saudi Arabia will raise output

18 June 2018
Oil prices fall on expectation Russia, Saudi Arabia will raise output

Oil prices fell further on Monday, pulled down by an expectation that producer club OPEC and its allies will increase supplies. Brent crude futures, the international benchmark for oil prices,...

Trump sets tariffs on $50 billion in Chinese goods; Beijing strikes back

16 June 2018
Trump sets tariffs on $50 billion in Chinese goods; Beijing strikes back

U.S. President Donald Trump said he was pushing ahead with hefty tariffs on $50 billion of Chinese imports on Friday, and the smoldering trade war between the world's two largest...

Butchers raise alarm over ‘forced’ relocation to private abbatoir

15 June 2018
Butchers raise alarm over ‘forced’ relocation to private abbatoir

Funmi Olaitan, Ibadan Butchers in their thousands from the 11 local government areas and 14 Local Council Development Areas (LCDAs), in Ibadanland, on Thursday, raised an alarm over the relocation...




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