Nigerian police on Sunday said the president of the upper house of parliament had been invited for questioning over allegations that he financed a criminal gang that carried out a spate of armed robberies and killed 33 people including pregnant women. Bukola Saraki’s three-year tenure as Senate president has been marred by numerous accusations of […]
Experienced fullback Elderson Echiejile, whose career has been languishing in the Belgian second division, and Simeon Nwankwo, who won a first cap last week, were both included as Nigeria coach Gernot Rohr on Sunday finalised his 23-man squad for the World Cup. Echiejile has played just twice since been loaned to Cercle Brugge in January […]
NUPENG President Prince Williams Akporeha, said at a news conference in Lagos that over 500 union members had not been paid after working for some international oil companies. Akporeha said that apart from not paying their salaries, the companies had continuously ill-treated the workers who were also casuals. He said the companies did not allow […]
Russia breached its oil-output quota agreed with OPEC for a third straight month as the oil producers’ alliance prepares for crucial talks this month on increasing supplies. Oil output averaged 10.97 million barrels a day last month, almost unchanged from a month earlier, data emailed on Saturday by the Russian Ministry of Energy’s CDU-TEK statistics […]
Nigeria’s central bank said on Friday it had injected $331.41 million into the interbank foreign exchange market, continuing its efforts to boost liquidity and alleviate dollar shortages. The bank said the funds were allocated to companies in the agricultural, airline, petroleum and machinery sectors. The central bank is “buoyant enough to meet the foreign exchange […]
England relied on goals from Gary Cahill and Harry Kane before slackening in the second half to beat Nigeria 2-1 in a World Cup warmup match on Saturday. On his first England appearance since October, Cahill headed in the opener in the seventh minute from Kieran Trippier’s corner in front of 70,000 fans at Wembley […]
A worker checks an oil pipe at the Lukoil-owned Imilorskoye oil field outside the West Siberian city of Kogalym, Russia, in this January 25, 2016 file photo. REUTERS/Sergei Karpukhin NEW YORK (Reuters) – Oil prices retreated on Friday after the dollar rose on better-than-expected U.S. employment data, which pressured greenback-denominated commodities, including crude. U.S. West […]
Some 1.14 billion shares of Stanbic IBTC Holding were sold at 53.75 naira each the stock exchange said on Friday in a block deal valued at about $195 million. The deal was negotiated trade between seller Rencap Securities Ltd and buyer Stanbic IBTC Stockbrokers Ltd. Stanbic IBTC Holding’s shares closed at 46.60 naira. Stanbic IBTC […]
More companies are lining up to list on the Lagos stock exchange, kick starting Nigeria’s IPO market after a long drought. Sources familiar with matter said two companies – Skyway Aviation Handling Company (SAHCOL) and Nigerian Reinsurance Corporation – were preparing for initial public offerings this year, while Singapore-owned Indorama Eleme Petrochemicals Ltd planned a […]