Oil prices rose more than 2.5% on Monday as the result of the US election became clear. Joe Biden, the president-elect, signaled Sunday he plans to move quickly to build out his government, focusing first on the COVID-19 pandemic. The US became the first nation since the pandemic began to …
Read More »Nigerian Govt Lacks Records of 3 Years’ Stamp Duties Remittances
The ActionAid, a civil society organisation, has alleged fraud in Nigeria’s tax regime, saying there was no records of stamp duties remittances to the federal government coffers in the past three years. The allegation was contained in a communique issued at the end of a two-day National Tax Summit organised …
Read More »Ganduje Assures Hisbah Better Welfare After Destroying Beer Worth N200mn
The Kano State Governor Abdullahi Umar Ganduje has assured the state’s Sharia police, Kano State Hisbah Board, to improve the welfare of the officers in recognition of their commitment to the statutory responsibility. The Governor made the pledge on Sunday during a destruction exercise of 1,975,000 bottles of beer, worth …
Read More »Farmz2U, OneKiosk, 4 Other Nigerian Startups Shortlisted for AfDB’s US$120,000 AgriPitch Prize
The African Development Bank AfDB) have announced twenty-five finalists for this year’s AYAF AgriPitch Competition with six Nigerian youth-led technology solution driven companies making the list. According to the AfDB’s report, Nigeria’s Farmspeak Technology, One Kiosk, Releaf and seven other African agric companies were selected in the Start-ups category. Over …
Read More »Trump Isn’t Conceding, Says Media Can’t Decide Next President
President Donald Trump is not conceding defeat to the President-elect, Joe Biden, saying the election was deeply flawed and he would be heading to court on Monday to challenge the poll. Trump said this in a statement shortly after the media projected the victory of the former Vice-President. He said, …
Read More »Oil Prices Dip on Demand Concern
Oil prices tumbled on Friday, extending its previous losses, amid mounting fears that COVID-19 lockdowns in the US and across Europe will weaken global fuel demand. On Thursday, several US states saw record numbers of virus cases in the wake of the presidential election, while in Italy, a daily record …
Read More »Afreximbank, IACO to Boost Coffee Production with US$950mn Facility
The Inter-African Coffee Organisation (IACO), is to launch a 950 million dollar African Coffee Facility with the support of Afreximbank. The facility is to support various coffee projects in Africa, including research and promotion of coffee consumption. Dr Frederick Kawuma, the Secretary-General of IACO, made this known when the Ghana …
Read More »Kosovo President Thaci Resigns, to Face Trial for War Crimes
Kosovo President Hashim Thaci resigned Thursday to face trial in a war crimes court in The Hague, a dramatic downfall for a politician who has dominated the former Serbian province for over a decade. The 52-year-old said he would step down to appear before the court after it confirmed an …
Read More »Court Jails former High Court Registrar over N80million Fraud
A Federal High Court, sitting in Kaduna presided over by Hon. Justice P. H. Mallong has sentenced a former Registrar of the Court, Mr. Joseph Etefia Udoh to four years imprisonment for laundering the sum of N80 million. Mr. Udoh and his wife Grace Udoh were in December 2019 arraigned …
Read More »Oil Prices Fall Amid U.S. Election Outcome Concerns
Oil prices plunged on Thursday, amid persistent concerns about weak global demand after a fresh wave of COVID-19 hit the US and Europe. At the same time, the count for the US presidential election was progressing, with Democratic challenger Joe Biden pushing closer to the 270 Electoral College votes needed …
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