Oil tumbles to $60 on concerns over vaccine rollouts

The international oil benchmark, Brent crude, fell more than six per cent on Tuesday, tumbling as concerns over new pandemic curbs and slow vaccine rollouts in Europe compounded additional crude…

SENATE MOVES TO ESTABLISH N5BN MINERAL DEVELOPMENT AGENCY

According to its sponsor, the bill is aimed at investing and containing investments in the mining sector to promote mining A bill to establish Mineral Development Corporation (NMDC) has scaled…

Beckham on signing Messi and Cristiano: Honestly, I actually don’t think it’s a tough one

Former Real Madrid ace David Beckham has his sights set high with his MLS club Inter Miami. So much so, that he isn’t ruling out a move for players like Lionel Messi or Cristiano…

Forex trader remanded for defrauding investors of N17.4m, $6,300

A self-acclaimed foreign exchange trader, Nanpan Yaniyang, has been remanded by the Lagos State High Court for allegedly defrauding investors of N17,449,000 and $6,300. It was gathered that Yaniyang collected…

FG set to go ahead with $1.5bn refinery revamp despite criticisms

The Federal Government is to forge ahead with its plan of spending $1.5bn on the rehabilitation of the Port Harcourt refinery despite criticisms that had trailed the move. Officials of…

Dollar scarcity: Parents groan as banks delay foreign school fees payments

narrate difficulty in paying US, Ukraine, Turkish varsities, others explore bitcoin, black market options to meet deadlines National PTA to send SOS letters to education, finance ministers The lingering foreign…

How Lamido received N1.35bn kickbacks into personal accounts – EFCC

A witness of the Economic and Financial Crimes Commission, Michael Wetkas, has narrated how a former governor of Jigawa State, Sule Lamido, his two sons and four others allegedly used…

CBN defends naira with $5.62bn in three months

The Central Bank of Nigeria injected $5.62bn into the foreign exchange market in the fourth quarter of 2020 as part of efforts to ensure the stability of the naira. This…

FG refineries earn N21bn, lose N778bn in five years

The government-owned refineries, being run by the Nigerian National Petroleum Corporation, reported a total loss of N778.71bn from 2015 to 2019, an analysis of data collated from their financial statements…

USSD: Nigerians on social media lament multiple bank charges

Nigerians on social media have lamented the payment of multiple bank charges, especially with Tuesday’s announcement by the Central Bank of Nigeria that effective immediately, Nigerians using the Unstructured Supplementary…