Oil prices dropped sharply on Friday, as supply disruptions in the US due to deep freeze weather eased, with the US National Weather saying warmer temperatures are expected to return by February 20th. At around 07:00 AM GMT, WTI crude sank 1.1% to $59.85 a barrel, while Brent crude fell …

The National Bureau of Statistics, NBS, said Nigeria’s gross domestic product (GDP) grew by 0.11 percent (year-on-year) in real terms in the fourth quarter of 2020, representing the first positive quarterly growth in the last three quarters. “Though weak, the positive growth reflects the gradual return of economic activities following …

In spite of the rise in the price of crude oil in the international market, the Nigerian National Petroleum Corporation, NNPC, has ruled out any increment in the ex-depot price of petrol in February, 2021. This was disclosed in a press release by the Group General Manager, Group Public Affairs …

The Uyo Zonal Office of the Economic and Financial Crimes Commission, EFCC on Thursday arraigned one Andrew Eigbokhaebholo, a staff of the University of Calabar, before Justice S. M Shuaibu of the Federal High Court sitting in Calabar, Cross River State. He was arraigned alongside his company, Panandy Oil and …

The Dangote Group of Companies says its intervention in education development in Nigeria through the philanthropic arm, Aliko Dangote Foundation so far, has hit N10 billion. The figure was contained in a statement issued by Anthony Chiejina, Group Chief Branding and Corporate Communication, Dangote Group, in Lokoja on Wednesday. According …

A United States court on Tuesday sentenced to 10 years in prison Obinwanne Okeke, popularly known as Invictus Obi, for his involvement in a computer-based intrusion fraud scheme that caused approximately $11 million in known losses to his victims. “Through subterfuge and impersonation, Obinwanne Okeke engaged in a multi-year global …

The annual inflation rate in South Africa ticked up to 3.2% in January of 2021 from 3.1% in December and in line with market expectations, but still close to the lower band of the South African Reserve Bank’s target range of 3-6%. Main upward pressure came from costs of education …

A large number of students, whose exact figure, is yet unknown, have been abducted by armed bandits at Government Science College (GSC) kagara, in Niger State. The bandits in military uniforms, stormed the school premises with a close to 1000 students on Tuesday night, overpowered the security guard, before whisking …

The Federal Government spends N50 billion monthly to subsidise electricity, the Minister of Power, Engr. Sale Mamman, has disclosed. According to a statement by Mr Mamman’s Special Adviser on Media and Communications, Aaron Artimas, the minister made the disclosure while receiving members of the Hausa Guild of Actors and Film …

The President Muhammadu Buhari has appointed Mr Abdulrasheed Bawa as the new Chairman of the Economic and Financial Crimes Commission. The Special Adviser to the President on Media and Publicity, Femi Adesina, disclosed this in a statement on Tuesday titled “President Buhari requests Senate to confirm Abdulrasheed Bawa as EFCC …