• Crude Oil Prices Stabilise After Trump’s Election Shock

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    Oil prices reversed some early losses to push higher yesterday as markets recovered from their initial shock at U.S presidential election. Traders said that crude fundamentals remained weak. President-elect Donald Trump’s election win initially stunned markets and led Ian Bremmer, president of U.S. risk consultancy, Eurasia Group, to warn that “the world is heading into…

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    Obanikoro Regains Freedom

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    Former Minister of State for Defence, Mr Musiliu Obanikoro, has regained freedom after days of detention by the Economic and Financial Crimes Commission (EFCC). Mr. Obanikoro’s associate, Demola Olarewaju, who confirmed the development to an online media last night, added that Obanikoro has been released and now resting in Abuja. It was gathered that Obanikoro…

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  • fire incident on the pipeline network of the Nigerian National Petroleum Corporation (NNPC) in Ijegun area of Lagos State.

    Oil Prices Rise On Nigeria’s Pipeline Attack

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    Crude oil futures rose on Thursday as an attack on a Nigerian oil pipeline and a weaker U.S. dollar buoyed sentiment in the market, lifting prices from five-week lows. Brent crude was trading up 50 cents, or 1.1 percent, at $47.36 a barrel by 0640 GMT. U.S. crude was up 40 cents, or 0.9 percent,…

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  • Tom-Ilube

    Nigerian Emerges UK’s Most Powerful Black Person

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      A Nigerian, Tom Ilube, has emerged the United Kingdom’s most powerful black man. Ilube, who’s also a British citizen, was unveiled as the most powerful black man in the country by Powerlist, a publication which selects 100 of the most powerful people of African and African Caribbean heritage. Powerlist explained that competitors were judged…

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    NNPC Reaps $53m From Direct Oil Sales

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    …Pressure mounts ahead of OPEC meeting The Nigerian National Petroleum Corporation (NNPC) is excited that its Direct Sale, Direct Purchase (DSDP) initiative is turning into a good fortune that has befallen it. The DSDP was initiated to ensure full recovery of crude oil sales value and delivery of 100 per cent federation revenue from domestic…

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    Hajj: 18 Nigerians Die In Saudi Arabia

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    Eighteen Nigerians died in Saudi Arabia during the just concluded 2016 Hajj, attended by Muslims, the National Hajj Commission of Nigeria (NAHCON) says. The victims were from Kwara, Kogi, Bauchi, Taraba, Niger, Kaduna, FCT. There were foreign-based Nigerian pilgrims as well. The head of NAHCON’s medical team, Ibrahim Kana, said two pilgrims, including a 40-year-old…

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    Economy: Soludo Backs PMB On Emergency Powers

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    The former governor of the Central Bank of Nigeria (CBN), Charles Soludo, has expressed support for President Muhammadu Buhari’s emergency economic bill aimed at reviving the economy, a report by The Cable has said. Soludo has also proposed to the All Progressivess Congress (APC)-led federal government, a public spending of 15 per cent to 20…

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