Oil prices fall on weak economic data from Europe , China

Oil prices fell on Wednesday on weak economic data from China and Europe and a rise in U.S. crude inventories, almost erasing the previous session’s sharp gains after the U.S. said it would delay tar…

Oil rises for 5th session as stockpiles fall

Oil prices rose for a fifth day on Wednesday, supported by a drop in U.S. inventories and investor expectations that the U.S. Federal Reserve will lower borrowing costs for the first time since the f…

Paschal Dozie, 5 other directors retires from MTN

MTN Nigeria on Wednesday notified the Nigerian Stock Exchange, the investing public and other stakeholders that some non-executive Directors including the Chairman, Dr. Paschal Dozie are retiring fro…

Coscharis Partners Renault To Assemble Affordable Cars In Nigeria

Coscharis Group has achieved another remarkable feat in the Nigerian automotive industry. The indigenous conglomerate has re-introduced the Renault brand into the Nigerian Market.    &…

Nigeria has lost N6trn to Apapa gridlock – OPS

The Organised Private Sector (OPS), yesterday, called for urgent infrastructure development at the Lagos ports. OPS said Nigeria has lost about N6 trillion across different sectors, due to the Apapa …

Central Bank Of Nigeria Injects $210m In Forex Market

The interbank segment of the Foreign Exchange Market has received a fresh boost of $210 million from the Central Bank of Nigeria (CBN) following sales concluded on Tuesday, July 16, 2019.  …

Nigerian oil industry to attract $48bn investments in 7 years

Speaking at the ongoing Nigerian Oil and Gas, NOG, Conference and Exhibition in Abuja, Baru disclosed that Nigeria had immense potential in terms of crude oil reserves, noting, however, that these re…

Buhari Agrees Nigeria will sign landmark Africa free trade pact

President Muhammadu Buhari Agrees that Nigeria will sign landmark deal to scrap trade tariffs among African countries. Africa’s most populous country has been one of only three African states to hold…

Oil slips below $66 ahead of G20, OPEC meeting

Oil slid below $66 a barrel on Thursday, pressured by concerns over whether the G20 summit will produce a breakthrough on trade and perceptions that supply is ample despite the prospect of continued …

Facebook’s digital currency operation ‘poses risks to global banking’

Facebook’s plan to operate its own digital currency poses risks to the international banking system that should trigger a speedy response from global policymakers, according to the organisation that …

TSA: Group calls for legislation, review

Resolve For Peace (UGRFP) has called on the Federal Government to propose a bill to the National Assembly to make the operation of the Treasury Single Account ( TSA ) Constitutional.  &nbsp…

Police take over Oando head office in Lagos

Officers and men of the Nigeria Police have taken over the head office of  Oando PLC in Victoria Island Lagos. Staff of the company stayed off work. The Securities and Exchange Commission had sa…

Stamp duty: 16 commercial banks fail to remit N1.6bn to FG —Reps

The House of Representatives has recommended that 16 commercial banks be penalised for not remitting N1.6 billion stamp duties into the federation account.The House made the recommendation on Thursda…

Tit for Tat: China jacks tariffs on $60b US goods

The US-China trade war escalated Monday as Beijing announced it would raise painful tariffs on $60 billion in US exports by next month, responding in kind to President Donald Trump’s decision last we…

Trump pulls the trigger of steep tariffs on China goods

President Donald Trump pulled the trigger 0n Friday making a steep increase in tariffs on Chinese products and Beijing immediately vowed to hit back, turning up the heat before a second day of trade …

CBN To Withdraw N7.9tr Dirty, Mutilated Notes

Large proportion of the N7.9 trillion pieces of naira notes in circulation are dirty, mutilated, unfit for Automated Teller Machines (ATMs) and over-the-counter payments, the Central Bank of Nigeria …

Facebook profits in heavy fall

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 …

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

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.…

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

       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…

politics Gov Ganduje Gives Strong Warning Ahead Kano Rerun Election.

     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 supplementa…