Another fuel crisis imminent so long subsidy remains - Minister
Minister of State for petroleum Resources, Mr. Ibe Kachikwu, Thursday, stated that until downstream sector of Nigerian petroleum industry is liberalized and subsidy on petroleum products removed, the country would...
7m Chinese leave cities for rural areas to take up farming
A rising number of educated urbanites in China are choosing to wave goodbye to city life and head back to the land. "Reverse urbanization" is picking up as infrastructure improves...
UN, stakeholders back ranching as solution to farmers-herders conflict
United Nations (UN) and other stakeholders in Benue State have recommended ranching of animals as the most dependable means of achieving peace between farmers and pastoralists The recommendation was made...
Fuel depot owners give FG five-day grace
Depot and Petroleum Products Marketers Association of Nigeria has suspended its earlier directive to shut down depots nationwide and has given Federal Government a five-day grace to pay part of...
Oil extends gains after OPEC-led group seals deal to cut supply
Oil prices rose on Monday, extending gains from Friday when producer club OPEC and some non-affiliated producers agreed a supply cut of 1.2 million barrels per day (bpd) from January....
Who really influences the price of oil?
Opec, Organization of the Petroleum Exporting Countries, has certainly had its share of criticism over many years. President Trump recently accused the group of "ripping off the rest of the...
Bill Gates, Elon Musk, Mark Cuban quit these 3 bad habits before they became successful
Habits and routines are powerful. They help us every day, freeing up brain space and releasing us from making countless decisions. But not every habit is good, and not breaking...
Oil prices surge after U.S., China suspend trade hostilities
Oil prices surged on Monday after the United States and China agreed to a 90-day truce in their trade war, and ahead of a meeting this week by producer club...
Naira weakens to lowest level in 15 months
Naira yesterday exchanged for N370 to dollar at black market but many buyers were cautious of staking their fund at such rates. It was the local currency’s weakest position against...
Nigeria’s active phone lines increase to 165m – NCC
Active telephone lines in Nigeria increased from 162,058,918 in September to 165,239,443 in October 2018, Nigerian Communications Commission (NCC) has said. The commission made this known in its Monthly Subscriber/Operator...
Microsoft Is overtaking Apple as world’s most valuable company
The less-flashy company ascends the market-cap mountain by focusing on what it does best and ditching the rest. If you don’t follow the regular trials and tribulations of technology companies...
How intelligent leaders source new ideas from their team
What is one thing you can do to become a great leader? Find people who will challenge you. If you surround yourself with the best and brightest, and create a...
Revenue shortfall affects power distribution - Discos
The over N60bn revenue shortfall in the books of power distributors is slowing down the distribution of electricity across the country. According to Nigerian Electricity Regulatory Commission in its most...
CBN, MTN settle $8.1bn repatriation issue - Emefiele
Central Bank of Nigeria (CBN) Governor Godwin Emefiele says a final decision has been reached on the $8.1 billion MTN Nigeria repatriation over which it was sanctioned in August. Reacting...
Oil prices rise after 6-percent plunge, but market on edge
Oil prices on Wednesday clawed back some of the previous day’s more than 6 percent fall, supported by a report of an unexpected drop in U.S. commercial crude inventories as...
World's top 10 oil exporters
The number one exported product in the world is oil. In 2017, the commodity accounted for 4.3% of the global value of all exported products. That year, crude oil shipments...
Oil rises on expected OPEC cut, but markets remain wary
Oil prices rose on Monday as traders expected top exporter Saudi Arabia to push producer club OPEC to cut supply towards the end of the year. Despite that, market sentiment...
The 3 essentials every great leader must have, according to Microsoft CEO
What do Bezos, Gates, Zuckerberg, and every other great leader have in common? Jeff Bezos comes across as relentless and wily. Mark Zuckerberg is known for his boyish earnestness and...
'I predict one day Amazon will fail. Amazon will go bankrupt': Jeff Bezos makes surprise admission about Amazon's life span
Amazon CEO Jeff Bezos predicted to Amazon employees last week that "one day Amazon will fail," according to a recording of an internal meeting heard by CNBC. Bezos added that...
NIPOST revokes 30 Courier licences
Nigerian Postal Service (NIPOST), through its Courier Regulatory Department (CRD), Thursday in Lagos, revoked operational licences of 30 Courier operators across the country for various offences ranging from sharp practices...
Here's exactly what to say to show your boss that you're good at your job
John Heggestuen Show your boss that you're competent. "A key to getting ahead is understanding that managers often have an overabundance of employees with problems, but the people that they...
FG raises $2.86bn bonds to fund budget, other projects
Federal government on Wednesday announced issuance of $2.86 billion aggregate triple bond series under its Global Medium Term Note Programme. A finance ministry statement on Wednesday night said the Notes...
Oil falls as Trump raps OPEC's supply cut plan, global markets skid
Oil prices fell by around 1 percent on Tuesday, with Brent crude sliding below $70 and WTI below $60 per barrel, after U.S. President Donald Trump put pressure on OPEC...
Teleology takes over 9mobile
Telecoms firm, Teleology Nigeria Limited, on Monday announced constitution of a new Board of Directors for Nigerian telecommunication company, 9mobile. A statement by the company said the decision followed a...
How Skye Bank was run down by directors – NDIC
Nigeria Deposit Insurance Corporation (NDIC) says its risk assessment and forensic investigation reports revealed that erstwhile management of the failed Skye Bank Plc contributed to its failure by engaging in...
7 threats to the booming economy - Alan Greenspan
Mark KolakowskiFormer Federal Reserve Board Chairman Alan Greenspan, who held that post during a period of of brisk economic growth from 1987 to 2006, sees a number of dangers lurking...
Oil prices extend falls on well supplied market, Iran sanction waivers
* Brent crude down by over 17 pct since Oct, WTI down 20 pct * Oil production rising in U.S., OPEC, Russia * Top-3 oil producers: tmsnrt.rs/2Rua0R8 * Iraq plans...
We’ve not been paid since June, electricity generating companies say
Association of Power Generation Companies (APGC) says power generation companies (GenCos) have not received payment for electricity generated since June 2018 from Nigerian Bulk Electricity Trading PLC (NBET). Executive Secretary...
Two global banks close offices in Nigeria
HSBC and UBS closed their offices in Nigeria. Central Bank of Nigeria said this in a report on Friday as it revealed foreign investment had fallen sharply from a year...
CBN introduces financial literacy in school curriculum
Central Bank of Nigeria, CBN, yesterday said it has introduced financial literacy programme into the curriculum of secondary schools in the country. CBN’s Director, Consumer Protection Department, Mr. Kofo Abdulsalam-Alada...
Richest getting richer: Wealth of world’s billionaires surges 20 percent
A joint report by UBS and PWC showed that world’s billionaires’ wealth enjoyed its greatest-ever increase last year, hitting $8.9 trillion shared among 2,158 individuals. “The past 30 years have...
Oil prices fall on rising supply, global market woes
Oil prices fell on Tuesday, dragged down by ongoing weakness in global stock markets and by signs of rising global supply despite looming sanctions on Iran’s crude exports. Front-month Brent...
We’re being forced to reduce generation – Gencos
Electricity generation companies in the country have said their power plants are being forced to operate below their optimal capacity levels. The nation’s total power generation has been hovering between...
4 major signs your leadership skills need attention
You should fix these before it's too late. Imagine being physically and mentally disturbed by the thought of walking into work. This is the reality for too many employees, and...
Why we removed VAT from air fares – FG
President Muhammadu Buhari says recent decision by Federal Government to remove Value Added Tax (VAT) from domestic air transportation was to make air travel more affordable to citizens. The president...
Why Diamond Bank chairman, 3 other directors resigned
Chairman and three non-executive directors of Diamond Bank have resigned from their positions. This was confirmed by the bank in a letter dated October 24 and sent to Nigerian Stock...
AMCON names political, business bigwigs with huge debts
Asset Management Corporation of Nigeria (AMCON) on Monday released list of debtors it claimed had failed to negotiate successfully with the corporation. The list, which contains 105 names, came months...
The psychology behind why people buy luxury goods
Vanessa PageBuying a luxury handbag these days seems to be no more uncommon than purchasing a pair of shoes at Target Corp. (TGT). The physical appeal of luxury goods is...
Facebook hires former UK deputy prime minister as head of global affairs
Facebook Inc (FB.O) has hired former British Deputy Prime Minister Nick Clegg to lead its global affairs and communications team, as the social network deals with a number of scandals...
China economic growth slumps to weakest since 2009, demand ebbs as trade war bites
China’s economic growth cooled to its weakest pace since the global financial crisis in the third quarter, raising pressure on Beijing to step up policy support as a years-long campaign...
