Petrol Price May Hit N190 As Oil Nears $60
Marketers have said with the current realities in the global crude oil markets, the price of Premium Motor Spirit (petrol) in Nigeria should be between N185 and N200 per litre,…
Nigerian Central Bank Reportedly Ban Banks From Servicing Crypto Clients
The Central Bank of Nigeria (CBN) has reportedly issued circular directing financial institutions against dealing with cryptocurrencies or providing services to cryptocurrency exchanges. The circular allegedly dated February 5 2021,…
Small-Stock Mania Calls For Big-Picture Thinking
The GameStop saga is high drama, but is it an invitation to regulation? Securities sheriffs will soon decide. Newly minted U.S. Treasury Secretary Janet Yellen is meeting with heads of…
‘Naira Depreciation Increases Cost-Input Pressures, Weakens Production’
According to the Manufacturers Association of Nigeria (MAN), the depreciation in value of the Naira reduces manufacturing production, as observed in the various foreign exchange crises, adding that high cost…
Jeff Bezos Is Stepping Down As Amazon CEO
Amazon founder Jeff Bezos will step down from his role as chief executive later this year and transition to the role of executive chair, the company said Tuesday. He will…
Wall St. Opens Higher Ahead Of Amazon, Alphabet Earnings; Stimulus In Focus
Wall Street’s main indexes opened higher on Tuesday, building on the previous session’s momentum, as investors anticipated strong results from Amazon and Google-parent Alphabet while also looking for signs of…
In blow to Trump, Democrats win Georgia, control of Senate
In big blow to Donald Trump and the Republican party, Democrats appeared to have won the two senate seats in Georgia, that will give the party control of the Senate.…
Nigeria Plunges Into Second Recession In Five Years
Nigeria, Africa’s biggest economy, has entered its second recession in five years as official figures published on Saturday show that the economy shrank again in the third quarter of this…
#ENDSARS: Lawyer Sues President Buhari, Sanwo-Olu, Others Over Shooting Of Protesters At Lekki Toll Gate
A legal practitioner, Yusuf Temilola Nurudeen, has dragged President Muhammadu Buhari and Lagos State governor, Babajide Sanwo-Olu, to court over the killing of peaceful #ENDSARS protesters at Lekki Toll Gate.…
Lagos Govt Asks Schools To Reopen After Protests
Private and public schools in Lagos State can reopen from Monday, November 2, 2020. The Commissioner for Education, Mrs Folasade Adefisayo, made this known in a statement on Thursday. The…
U.S. States Reason For Blocking Okonjo-Iweala At WTO
The Office of the U.S. Trade Representative has explained why the Trump administration is opposed to the selection of former Nigerian finance minister, Ngozi Okonjo-Iweala, as the director-general of the…
WTO Panel Recommends Nigeria’s Candidate for Top Post
Nigeria’s former finance minister Ngozi Okonjo-Iweala received a key endorsement Wednesday from the World Trade Organization’s selection committee, moving her a step closer to becoming the WTO’s first female director-general,…
Nigeria: Okonjo-Iweala Elected WTO DG
Ngozi Okonjo-Iweala, Nigeria’s nominee for the office of the director-general of the World Trade Organisation, has emerged winner of the highly competitive race. TheCable can report that Okonjo-Iweala was chosen…
Scientists Make Digital Breakthrough In Chemistry That Could Revolutionize The Drug Industry
In June, the U.S. government purchased the vast majority of world’s supply of remdesivir—a FDA-approved antiviral treatment for Covid-19—for July through September. Gilead, the company that makes the compound, recently…
Nigeria Unrest: Protesters ‘Shot’ In Lagos As Millions Put Under Curfew
Protesters have come under gunfire in Nigeria’s biggest city, Lagos, eyewitnesses and local media say, amid continuing anger over police brutality. Who opened fire and the number of casualties is…
Gunfire In Nigeria’s Lagos As Curfew Imposed: Witnesses
Footage posted on social media shows several hundred people out demonstrating, in defiance of a curfew imposed hours earlier by the government Armed men have opened fire on demonstrators gathered…
Dubai-Bound Passenger Held With 5,342 ATM Cards
A man has been arrested with 5,342 Automated Teller Machine (ATM) cards at the Aminu Kano International Airport, Kano. Sanusi Labaran was intercepted on Wednesday by Customs officials minutes before…
London Is Global Corruption’s Top Offender
In May 2016, David Cameron raised an uncomfortable topic. At an anti-corruption summit in London, the former British prime minister sat alongside Nigeria’s president and other dignitaries and declared that…
Nigeria: Adesina Sworn-In For Another Term As AfDB President
Dr Akinwunmi Adesina has been sworn as President of the African Development Bank (AfDB), to serve another five-year term. The ceremony held virtually on Tuesday morning. It would be recalled…
Nigeria Customs Arrests Two Lebanese With $890,000 At Port Harcourt Airport
The suspects were on Wednesday handed over to the Zonal office of the Economic and Financial Crimes Commission for investigation. The Nigeria Customs Service has arrested two Lebanese, Dina Jihad…
Shoprite Begins Moves To Leave Nigeria
South African superstores, Shoprite Holdings Limited, has stated it will auction its outlets in Nigeria, The Nation can report. The decision, it said, was informed by the COVID-19 pandemic, which…
Nigeria Declares Thursday, Friday Public Holidays For Eid-El-Kabir
The Nigerian Government has declared Thursday 30 and Friday 31 July 2020 as public holidays to mark this year’s Eid-el-Kabir celebration. Nigeria’s interior minister Rauf Aregbesola made the announcement in…
Nigeria: Fed Govt Okays N10.5b For Ports
The Federal Government yesterday approved projects in two memoranda worth above N10.5 billion for the Nigerian Customs Service (NCS). The projects include cargo scanners for the Onne and Port Harcourt…
Tyrese Haspil charged with murdering tech CEO Fahim Saleh
The executive assistant to tech CEO and investor Fahim Saleh was charged Friday with second-degree murder in his boss’s grisly slaying and dismemberment, the NYPD said. Tyrese Haspil, 21, was…
Gokada CEO Fahim Saleh Found Dead, Dismembered In US
Fahim Saleh, founder and Chief Executive Officer of ride-hailing company Gokada, is dead. Saleh’ s dismembered and decapitated remains were found in his home on Manhattan’s Lower East Side on…
JPMorgan Drops Terms ‘master,’ ‘slave’ From Internal Tech Code And Materials
JPMorgan Chase & Co (JPM.N) is eliminating terms like “blacklist,” “master” and “slave” from its internal technology materials and code as it seeks to address racism within the company, said…
US Buys Nearly All stocks Of COVID-19 Drug Remdesivir
The United States Department of Health services has bought nearly all the supply of breakthrough COVID-19 drug Remdesivir for itself. Due to this, the rest of the world is left…
Global COVID-19 Prevention Trial Of Hydroxychloroquine To Resume
A global trial designed to test whether the anti-malaria drugs hydroxychloroquine and chloroquine can prevent infection with COVID-19 is to restart after being approved by British regulators.
Nigeria Faces Worst Recession In 40 Years – World Bank
The collapse in crude oil prices, coupled with the COVID-19 pandemic, is expected to “plunge the Nigerian economy into a severe recession, the worst sincere the 1980s”, the World Bank…
Wall Street Ends Higher On Recovery Hopes, Nasdaq Hits Another Record
Wall Street’s three major indexes closed higher on Tuesday as improving economic data and the prospect of more stimulus bolstered hopes of a swift recovery, while a jump in technology…