Spanish tax authorities have conceded that football superstar Cristiano Ronaldo should pay close to 19 million euros ($22 million) to settle a tax fraud claim, prosecutors said Friday. Prosecutors in Madrid said the deal with tax authorities and Ronaldo’s advisors also includes a two-year jail sentence which he won’t serve. Sentences of up to two […]
Month: July 2018
Nigeria: 13 per cent derivation for oil states for review- Buhari
President Muhammadu Buhari Friday in Abuja said his administration will look into the constitutional 13 per cent derivation benefit to the Niger Delta region to ensure even spread of developmental projects that meet the needs of the people. Receiving Isoko Traditional Rulers and personalities led by His Majesty Ovrawah, Omogha 1, Odiologbo of Oleh, at […]
Hundreds of migrants storm border of Spanish enclave
Around 800 migrants stormed border fences separating Spain’s North African enclave of Ceuta from Morocco to get into Europe, police said Thursday. The Guardia Civil said 602 migrants made it onto Spanish soil in a massive assault on high, barbed-wire fences shortly after dawn. Migrants cut holes in the fences and threw feces and quicklime, […]
Exxon, Chevron Punished by Shareholders as Profits Disappoint
Investors battered the shares of America’s two biggest oil explorers after Exxon Mobil Corp. and Chevron Corp. posted disappointing earnings, failing to fully capitalize on rising oil prices. For Chevron, weaker-than-forecast financial results didn’t dissuade the company from resurrecting share buybacks to the tune of $3 billion annually after a three-year hiatus. Exxon not only […]
‘United Nations almost broke’
The United Nations is running out of cash, Secretary-General Antonio Guterres has warned, saying the cash crunch is the worst in years. The UN chief urged member states to pay their mandatory contributions on time and in full, so that the world intergovernmental body could continue to deliver on its key mandates. In a letter […]
Shell launches $25 billion buyback plan, second-quarter profits miss
Royal Dutch Shell (RDSa.AS) launched a long-anticipated $25 billion (19 billion pounds) share buyback programme on Thursday as its debt eased while second quarter profits came in far below forecasts. The share repurchase programme, promised following the $54 acquisition of BG Group in 2016, is the clearest signal yet that the world’s second-largest oil company […]
Oil prices climb as Iran-backed Houthi rebels attack Saudi Arabian tankers
Oil prices climbed on Thursday after Saudi Arabia closed a strategic shipping lane. The world’s largest oil producer closed the Bab al-Mandeb Strait after two large oil tankers were attacked by Iranian backed Houthi fighters with one sustaining minimal damage. Brent crude oil futures rose 0.6% to $74.35 per barrel on Thursday at 6 48 […]
Forex trade booms in pilgrims’ camp
Foreign exchange black market operators are making brisk business from Nigerian pilgrims in Madinah since the arrival of the first batch from Kogi for this year’s Hajj. The operators, mainly Nigerians resident in Madinah, transact their businesses in secret as they approach pilgrims in their hotels in groups or individually to introduce the business deal. […]
Okoyen takes over as Consul-General for Nigeria in New York
Benaoyagha Okoyen, is now the Consul-General for Nigeria in New York. He replaced Mr Tanko Suleiman, who died on Sunday, few days after returning from a completed tour of duty in New York, where he retired on April 27. Okoyen was the former Minister and Deputy Permanent Representative, Permanent Mission of Nigeria to the United […]