Day: September 6, 2017

Oil prices rose on Wednesday as strong global refining margins and the reopening of U.S. Gulf Coast refineries provided a more bullish outlook after sharp drops due to Storm Harvey. Brent LCOc1 had gained 28 cents to $53.66 a barrel. U.S. West Texas Intermediate (WTI) crude futures Clc1 were up 15 cents at $48.81. Olivier […]

Central Bank of Nigeria (CBN) sold $9 billion to forex dealers through the interbank market between February 21 and August 31. The figure was arrived at following a review of all the official data of FX sales released to the public by the CBN within the period. The FX sales were intended to cover for […]

Operatives of the Gombe Zonal office of the Economic and Financial Crimes Commission, said they have arrested the Executive Secretary of the Gombe State Emergency Management Agency (SEMA), Dr. Danlami Arab Rukuje, over alleged involvement in the diversion of materials meant for Internally Displaced Persons (IDPs). The graft agency stated this in a statement issued […]

Vice President, Yemi Osinbajo, has arrived the camp of internally displaced persons in Makurdi for a first-hand assessment of damages caused by the August 27 flood. accompanied by two ministers, Tunde Fashola and Audu Ogbeh, they were received at Makurdi airport by Governor Samuel Ortom, who immediately took them on a tour of the disaster […]

Two Boko Haram commanders and deputies to Abubakar Shekau, a factional leader of the terrorist’s group, were killed in successful military operations at Alafa in Borno on Sallah day. Army spokesman, Brig.-Gen Sani Usman, in a statement, said that Shekau deputies that were killed in the onslaught included Afdu Kawuri and Abubakar Banishek. he added that […]

Governor Rochas Okorocha of Imo says his first son, Ahamefula Okorocha is alive, strong and healthy, contrary to social media reports on Sunday that he died in London. The Social Media on Sunday went wild with reports that the governor’s son, Ahamefula Brendan Rocha, had died at The Royal London Hospital located at White Chapel […]

The Central Bank of Nigeria (CBN) tuesday injected of another $250 million into various segments of the interbank foreign exchange market. Figures obtained from the CBN indicated that the Retail Secondary Market Intervention Sales (SMIS) segment of the market received the highest intervention with a total of $100 million, small and medium scale enterprises (SMEs) […]

The Economic and Financial Crimes Commission has said the Chief Justice of Nigeria, Justice Walter Onnoghen; Governor Ayodele Fayose of Ekiti State; his predecessor and the current Minister of Solid Minerals Development, Dr.  Kayode Fayemi; and the immediate past Minister of Finance, Ngozi Okonjo-Iweala, are among high-profile personalities currently under its investigation. The names are […]

The Federal Government has cancelled the Federal Executive Council (FEC) meeting for this week. Minister of Information and Culture, Lai Mohammed, said in a statement on Tuesday that the decision was taken due to inadequate time to prepare the documents for the meeting. the statement issued in Kano by the minister’s media aide, Segun Adeyemi, stated […]

As this year’s Eid-el-Kabir celebration draws to a final close, the Peoples Democratic Party  and the Plateau Sate Government on Tuesday disagreed on the sincerity of Governor Simon Lalong over the religious exercise. Correspondent JAMES ABRAHAM reports that Governor Lalong had in 2015 put a  stoppage to government sponsorship of pilgrims to hajj and Jerusalem […]

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