Central banks of members of the Economic Community of West African States (ECOWAS) are meeting to take stock of the progress made so far on a single currency for the region by 2020. The 53rd meeting of the Committee of Governors of Central Banks opened on Thursday in Dakar. The meeting is organized by the […]
Oil prices fell on Friday after the United States reported its crude output hit a record 12 million barrels per day (bpd), undermining efforts by Middle East-dominated producer club OPEC to withhold supply and tighten global markets. International Brent crude futures were at 66.87 dollars per barrel at 0326 GMT, down 20 cents, or 0.3 […]
A federal court in Lagos has fixed April 20 for judgment in the suit filed by the Nigerian government seeking to recover $110 million from the Nigeria Agip Oil Company Limited. Mojisola Olatoregun, the judge, adjourned for judgment on Thursday after parties in the suit adopted their final written addresses. The Nigerian government is accusing […]
Justice Mojisola Olatoregun of a Federal High Court, Lagos, Thursday, sentenced a former Managing Director of the defunct Integrated Microfinance Bank Ltd, Simon Akinteye to four years in prison, over 166.9 million dollars fraud. The court sentenced the convict to four years concurrent term of imprisonment on the nine count charge preferred against him by […]
Members of Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) may have resolved to challenge ExxonMobil over deliberate attempt to disengage its employees. The association, in a statement, alleges it was disappointed with fresh disengagement letters served several Nigerian executives in the oil company, warning it was set to confront the management with […]
The Joint Admissions and Matriculation Board (JAMB) is considering shifting the date of this year’s examination, an official has said. This development comes as an effect of the postponed 2019 general election. The polls were to open on February 16 with the presidential and parliamentary elections until the Independent National Electoral Commission (INEC) announced a […]
The federal government has declared Friday, February 22, as public holiday ahead of the presidential and National Assembly elections holding on Saturday, Vanguard reports. This was contained in a statement by the Ministry of Interior on Wednesday. “The Federal Government declares Friday, February 22, 2019 as work-free day. Those providing essential duties and bankers are […]
The Nigeria Centre for Disease Control (NCDC) on Wednesday confirmed 37 new cases of Lassa fever recorded between February 4 and February 10. The Chief Executive Officer (CEO) of NCDC, Chikwe Ihekweazu, made this known on Wednesday in a statement in Abuja. Ihekweazu said that from January 1 to February 10, 2019, out of a […]
Professional services firm, PricewaterhouseCoopers has predicted a possible rise in Nigeria unemployment rate and slow economic growth. The predictions are contained in a report titled ‘Nigeria Economic Outlook Top 10 themes for 2019’ that examines Nigeria’s economic prospects in the election year. PwC predicted that Nigeria’s economic recovery hinges on a stable political environment following […]