Participants in the world’s most popular ponzi scheme Mavrodi Mundial Moneybox (MMM), are counting their losses as administrators of the programme have officially shut down operations worldwide following the death of its founder, Sergey Mavrodi. It would be recalled that Mavrodi died on March 26, after a heart attack. The administrators of the site had […]
The Urban Dictionary defines the term Text Regret as the “sending of a text and immediately regretting that you ever wrote the text in the first place”. And now, social media giant Facebook in several months will make available to its users a feature that will save them from this regret. According to TechCrunch, Facebook […]
By Foster Obi Following the incident where armed robbers blew up the entrances of five banks in central Nigeria’s Offa town with dynamite, in an operation which lasted for more than an hour after the close of business and left six policemen and over 30 civilians dead, Gov. Abdulfatah Ahmed of Kwara, has offered N5million […]
Gold prices on Friday slumped below their weakest level in two weeks, coinciding with a steady US dollar and ahead of important economic data. By 10:45 am GMT, Comex gold futures slipped by 0.11% to $1,327 per ounce, dipping below their two-week low. The decline came amid growing trade tensions between US and China and […]
President Trump is ordering the USTR to consider additional tariffs on Chinese goods. Bloomberg’s Sobczyk reports. U.S. President Donald Trump said the current trade spat with China may hurt the markets in the short term but that America will emerge stronger from it, as a confrontation that has roiled global equities heats up between the […]
West Africa’s crude oil loadings for Asia are set to fall to a five-month low in April, dragged down by a backlog of cargoes outside China and strong Brent prices that hindered new bookings, a Reuters survey of shipping fixtures and traders showed on Friday. Loadings for China, the key consumer of Angolan oil, were […]
* Nigeria’s Forcados terminal is ramping up after a temporary shutdown on the Trans Forcados Pipeline. * “There was low injection into the Forcados terminal on March 27 as a result of a temporary shutdown of the Trans Forcados Pipeline, operated by Heritage,” an SPDC spokesman said in a statement. “The pipeline was restored on […]
Nigeria’s oil exports are expected to hold at close to 1.8 million barrels per day (bpd) in May, loading plans showed on Friday. The loading plan included at least 1.799 million bpd on 61 cargoes, but traders said two to three additional 950,000 barrel cargoes of Usan would be added at some point. Usan operator […]
The Nigerian National Petroleum Corporation (NNPC) said on Friday it had awarded two of three gas pipeline contracts which in total will be worth more than $2.8 billion. One contract for a roughly 200 km (124.27 miles) stretch of the 614 km Ajaokuta-Kaduna-Kano pipeline and stations was awarded to Oando PLC and OilServe, the state […]
JP Morgan Chase has acknowledged it knew a former Nigerian oil minister convicted of money laundering would benefit when it transferred over $800 million of government funds to a company he controlled, according to a court document seen by Reuters. JP Morgan made the acknowledgement in its legal response to a lawsuit filed by Nigeria […]