Oil prices rebounded on Monday, with WTI crude breaking above the $62 a barrel level buoyed by signs of a recovery in fuel consumption amid a gradual reopening of some economies as vaccination drives gather pace. Markets were already basking in the glow of a slow returning of US production …

The governor of Central Bank of Nigeria, CBN, Godwin Emefiele, says arrangement is being made to enable the Dangote Refinery sell refined crude to Nigeria in naira when it commences production. Mr Emefiele also disclosed that the first shipment of Urea from the Dangote Fertiliser Plant would begin in March …

Oil is heading for a 20% monthly gain in February, the fourth consecutive month of gains and the most since November. Both WTI and Brent recovered to pre-pandemic levels earlier this month, bolstered by tightening global supplies and prospects of an economic recovery driven by a COVID-19 vaccination campaign globally …

Armed bandits have attacked Government Girls Secondary School, Jangebe in Talata Mafara Local Government Area of Zamfara State, kidnapping hundreds of schoolgirls. This is coming barely a week after the abduction of dozens of schoolboys in Kagara, Niger State. Although details are still sketchy, sources told BBC Hausa on Friday morning that …

The Economic and Financial Crimes Commission, EFCC, on Thursday arraigned Abiodun Waheed Hassan and his Company Bestworth Insurance Brokers Limited before Justice S.C Oriji of the Federal Capital Territory High Court, Apo, Abuja on a five count charge of alleged criminal breach of trust and misappropriation of funds to the …

China has removed the last remaining counties from a list of poor regions, in what officials described as achieving President Xi Jinping’s longstanding political goal of eliminating extreme poverty by the end of this year. The milestone was achieved by lifting 93 million people out of poverty since 2013, China’s …

The Federal Government has taken over the Sir Ahmadu Bello International Airport in Kebbi, Abubakar Ladan, the state Commissioner for Works and Transport, has said.Mr Ladan who made the disclosure to newsmen on Thursday in Birnin Kebbi said the airport had not been sold to any private individual, contrary to …

Criminal elements are wrecking the economy at grassroot in the northern Nigeria, driving our farmers from their fields, threatening lives and livelihoods and putting food security at risk, Malam Nasir El-Rufai, Governor of Kaduna State said on Thursday. Speaking at the meeting of the Northern State Governors’ Forum, held at …

The unemployment rate in South Africa rose from 30.8% in Q3 2020 to 32.5% the following quarter, making an increase of 10.7% over the period. In its quarterly labor force survey released yesterday, the department of statistics (Stats SA) found that the number of jobless people rose from 6.5 million in …

The Frontier Healthcare Services (FHS), the company awarded the contract to undertake COVID-19 Antigen Test at the Kotoka International Airport (KIA) pays $10 per passenger to the Ghana Airport Company Limited (GACL), as rent royalty for operating in an office space at the Terminal Three. The agreement for the contract …