News Obiaks News

Facebook profits in heavy fall

Apr 25, 2019 818

Facebook on Wednesday reported quarterly profit sank 51 percent from a year earlier due to setting aside of $3 billion for an anticipated fine from US regulators. The leading social network logged a profit of $2.4 billion on revenue that climbed 26... Read More

As Iran sanctions tightens, Oil prices hit $75, highest in 2019

Apr 25, 2019 967

Brent crude oil on Thursday rose above 75 dollars per barrel for the first time in 2019 in the wake of tightening sanctions on Iran, while gains in U.S. prices were crimped by a surge in U.S. supply. Brent crude futures rose to a 2019 high of 75.01... Read More

Bilyaminu Bello vs Maryam Sanda: What happened in court on Tuesday.

Mar 26, 2019 517

       An FCT High Court, Maitama, Abuja on Tuesday fixed April 4 for ruling in the no-case submission filed by Maryam Sanda, who allegedly killed her husband, Bilyaminu Bello. Maryam was alleged to have... Read More

politics Gov Ganduje Gives Strong Warning Ahead Kano Rerun Election.

Mar 20, 2019 641

     Governor Abdullahi Ganduje of Kano has warned that his government will not condone any breach of peace by any group or individual in the state ahead of Saturday’s supplementary elections. The Governor made this known on... Read More

Diamond Bank Plc announces merger with Access Bank

Dec 17, 2018 3003

The Board of Diamond Bank Plc on Monday finally announced its merger with Access Bank Plc.The merger is expected to be completed in the first half of 2019.The News Agency of Nigeria reports that both banks recently denied media reports of any... Read More

Crude oil prices up by 5 percent as OPEC draws closer to cutting production

Dec 07, 2018 2110

Crude oil prices on Friday went up by 5 percent, as more Middle Eastern producers agree with OPEC's decision to cut oil production inorder to drain global fuel inventories and support the market.Brent oil which had falling below $60 in early trades... Read More

OPEC's proposed cut in oil production hangs in the balance with Russia yet to commit

Dec 06, 2018 1948

Organization of the Petroleum Exporting Countries' (OPEC) decision on whether to cut oil output is facing doubts as Russia has faild to reacg an agreement with the group.Saudi Arabia's energy minister said on Thursday, the the group and it... Read More

Carlos Ghosn ousted as Nissan's chairman by board members

Nov 22, 2018 1725

Nissan board members voted unanimously to sack Carlos Ghosn as chairman on Thursday, a spectacular fall from grace for the once-revered boss whose arrest for financial misconduct stunned the car industry and the business world.Ghosn stands accused... Read More

Ryanair aircraft seized by French Civil Aviation Authorities on tarmac

Nov 09, 2018 1750

French civil aviation authorities have announced the seizure of an aircraft belonging to the low-cost Irish airline, Ryanair, in a bid to force the airline to repay subsidies it received from French authorities for for flights from Angoulême... Read More

United States becomes the world's largest crude oil exporter

Nov 09, 2018 1961

The United States of America has overtaken Russia and Saudi Arabia to become the world's biggest exporter of crude with 11.6 million barrel per day (bpd), according to data released by the Energy Information Administration (EIA) on Wednesday.This... Read More

Eight countries countries granted sanctions waivers to purchase Iranian crude oil

Nov 02, 2018 1332

The U.S. government has agreed to let eight countries, including close allies South Korea and Japan, as well as India, keep buying Iranian oil after it reimposes sanctions on Tehran from next week, Bloomberg reported on Friday, citing a U.S.... Read More

Saudi crown prince attends investment forum amid 'crisis'

Oct 23, 2018 1871

Saudi Arabia's powerful crown prince on Tuesday attended a glitzy investment forum boycotted by a host of global business leaders, as the petro-state admitted it is facing a "crisis" after the murder of journalist Jamal Khashoggi.Crown Prince... Read More

One million cars recalled by BMW over exhaust system fire risk

Oct 23, 2018 1612

German high-end carmaker BMW said on Tuesday it would recall more than one million additional diesel cars, citing a problem with the exhaust system that "in extreme cases can cause a fire"."In some diesel vehicles, glycol cooling fluid can leak"... Read More

Brazil to inject $1.1b into Nigeria's agriculture sector

Oct 19, 2018 2930

The Brazilian Ambassador to Nigeria, Ricardo Guerra de Araujo, says  Brazil will soon inject 1.1 billion dollars into Nigeria's agriculture.The envoy said on Thursday night in an interview with News Agency of Nigeria in Abuja  that an... Read More

CBN's Emefiele and MTN meet with banks over $8.1 billion repatriation row

Oct 09, 2018 2282

Nigeria's central bank governor is to meet representatives of telecommunications company MTN and banks on Tuesday to discuss a dispute over the repatriation of $8.1 billion, two sources with direct knowledge of the matter said.The dispute is over... Read More

Trudeau dismisses Trump's NAFTA attack, says Canadians are tough

Sep 27, 2018 2193

Canada's Prime Minister Justin Trudeau on Thursday dismissed U.S. President Donald Trump's criticism of the slow pace of talks to modernize the North American Free Trade Agreement, saying Canadians were tough negotiators.Trudeau spoke a day after... Read More

China not afraid of extreme measures in trade dispute with the US

Sep 19, 2018 2181

China is not afraid of "extreme-measures" the United States is taking in their trade war and will use it as an opportunity to replace imports, promote localisation and development of high-tech-products.The State media said on Wednesday in a... Read More

China retaliates against Trump by slapping $60billion tariffs on US goods

Sep 18, 2018 2934

China has dramatically escalated its trade war with Donald Trump by slapping $60billion of tariffs on US-made goods. The world's second largest economy unveiled the new levies Tuesday, and say they will come into force on September 24. They were... Read More