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 […]
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 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 […]
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. […]
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 […]
French oil and gas major Total raised its 2018 savings and oil production targets after a new record quarterly output, costs savings, and high oil prices lifted its net profit in the second quarter. The group said adjusted net profit for the second quarter soared 44 percent to $3.6 billion, beating analysts’ estimates of $3.4 […]
Google launched a network of free Wi-Fi hotspots in Nigeria on Thursday, part of its effort to increase its presence in Africa’s most populous nation. The U.S. technology firm owned by Alphabet Inc has partnered with Nigerian fibre cable network provider 21st Century to provide its public Wi-Fi service, Google Station, in six places in […]
Nigeria’s 9mobile has extended the timeline to complete its takeover by new investors to finalise documentation, the country’s fourth largest telecoms firm said on Thursday. It said its board expects the takeover to be completed “as soon as possible” and that the extension was necessary for a smooth transition. In February, Teleology Holdings Limited was […]
The National Drugs Law Enforcement Agency (NDLEA) in Kebbi has arrested a 55-year-old native doctor, Arage Rikici, with Cannabis Sativa farm at Kukin village in Fakai Local Government Area of the state. The state commander of the agency, Mr Suleiman Jadi, told the News Agency of Nigeria (NAN) in Birnin Kebbi on Wednesday that cannabis […]
Aliko Dangote, Africa’s richest man, has put a 2020 timeline on his goal of buying Arsenal, following a report that Alisher Usmanov is exploring a sale of his 30 percent stake. The Financial Times reported on Tuesday, citing sources close to the Russian billionaire, that Usmanov has grown frustrated that the club’s majority owner, Stan […]