Oil prices dropped on Wednesday, with WTI crude falling towards the $61 a barrel level after API data showed an unexpected build in US crude inventories last week. Markets were already facing some downward pressure on easing supply concerns as producers in the southern United States are slowly resuming production …

Professor Doyin Salami-led Presidential Economic Advisory Council (PEAC), has advised the Federal Government to setup a “National Council on Poverty Reduction,” towards achieving the country’s ambitious policy of lifting 100 million citizens out of poverty. PEAC gave the advice on Tuesday at a meeting with President Muhammadu Buhari who agreed …

Côte d’Ivoire is expecting €1 billion from the European Union to improve the sustainability of its cocoa industry. Jobst Von Kirchmann, the EU Ambassador in the country, said the loan will be provided under the “Team Europe” initiative set up by the institution to assist its member countries. The resources, which …

Oil prices rose for the second session on Tuesday, with WTI trading around $62.1 a barrel and Brent about $62.7 a barrel. The rising crude prices are supported by the expected slow return of US crude output after last week’s deep freeze weather in Texas. A bullish view dominates sentiment …

As the market volatility occasioned by COVID-19 pandemic persists, finance and investment experts at Sigma Pensions have advised investors to diversify their portfolios in order to reduce risks. It said this in a statement titled ‘Sigma Pensions advises investors on market volatility’ on Friday. The statement said the Chief Investment …

The Libyan Interior Minister Fathi Bachagha from the Government of National Accord, escaped an assassination attempt yesterday February 21. “GNA Interior Minister Fathi Bachagha was the target of an assassination attempt on Sunday at 3 p.m. as he was returning to his residence in Janzur,” an official statement by the …

An aircraft belonging to the Nigerian Air Force (NAF) on a military operation has crashed on the runway of Abuja Airport on Sunday. In a brief statement by the spokesperson of the Nigerian Air Force, Air Vice-Marshal Ibikunle Daramola said all the seven passengers in the aircraft died in the …

The Standards Organisation of Nigeria (SON) has expressed its commitment to the effective deployment of information and communication technology towards becoming a high performing agency. This was one of the outcomes of the organisation’s strategic management retreat held in Calabar, Cross Rivers State at which the agency committed to giving …

African countries will have to repay nearly $100 billion in Eurobonds between 2021 and 2032, according to data published yesterday by the Institute of International Finance (IIF), a Washington-based organization that brings together the world’s central banks and major financial groups. IIF experts explain that this situation is the result of …

By Tukur Mamu (Desert Herald) In continuation of his efforts to take the message of Islam to armed Fulani bandits and to explore dialogue as the only means of addressing the uprising associated with killings and kidnappings, Sheikh Dr. Ahmad Abubakar Mahmud Gumi has accepted the invitation of Governor Abubakar …