The Nigerian central bank’s monetary policy committee will finally meet on Wednesday to set interest rates for the first time this year. Interest rates have been stuck at a record high of 14 percent since July 2016. However, the committee had to cancel its January meeting due to an inability to form a quorum following […]
Output from the 14 members of Organization of Petroleum Exporting Countries fell by 170,000 barrels to 32.04 million barrels a day in March, according to a Bloomberg News survey of analysts, oil companies and ship-tracking data. That’s the lowest since last April’s 31.9 million barrels a day. Back then, Equatorial Guinea — which pumped 130,000 […]
An economist, Prof. Sheriffdeen Tella, on Monday advised Nigerians not to expect much from the nation’s economy in the second quarter following continue delayed in the passage of 2018 budget. Tella, a Professor of Economics from Olabisi Onabanjo University (OOU), Ago-Iwoye in Ogun, spoke in an interview with the News Agency of Nigeria (NAN) in […]
EU official has called for action against internet companies that harvest personal data, as Brussels prepares to move against those spreading “fake news” following the Cambridge Analytica revelations. Sir Julian King, the European commissioner for security, wants “a clear game plan” on how social media companies are allowed to operate during political campaigns to be […]
-As Israeli Prime Minister Benjamin Netanyahu orders withdrawal from UN Agency Israel announced Monday it had reached a deal with the UN refugee agency to cancel a controversial plan to deport African migrants and replace it with a new one that will see thousands sent to Western countries. A minimum of 16,250 migrants will be […]
Nigeria named more than two dozen individuals suspected of looting billions of dollars of public funds in an anti-graft campaign that’s pitted political parties against each other. President Muhammadu Buhari has pledged to fight corruption and boost resources available for building roads, bridges, ports, railways and power plants in order to spur growth in an […]
A Nigerian national was arrested by Anjuna police in India for illegal possession of narcotics drugs worth Rs 60,000 on Sunday night at a parking site at Anjuna. Acting on a specific tip-off, a team of Anjuna Police, led by PI Chetan Patil along with PSI Harish Vaigankar and his staff, laid the trap at […]
Futures slid as much as 1.9 percent on Monday in New York. U.S. stocks declined as China imposed retaliatory tariffs on U.S. goods, the latest move in an escalating trade dispute between the world’s largest economies. At the same time, supply concerns that prompted hedge funds to increase bullish bets on the benchmark U.S. crude […]
Nigeria’s foreign exchange reserves stood at $46.2 billion as of March 28, up 8.8 percent from a month earlier, central bank data showed on Saturday. Successful debt sales, including a eurobond offering last month, have helped the government accrue billions of dollars in foreign reserves, although they remain far from the peak of $64 billion […]
Yes, there are a few cars, but SUVs are capturing most of the headlines at this year’s New York International Auto Show. Automakers are shoring up gaps in their SUV lineups and revamping models that already are popular in the hottest-selling part of the U.S. market. Leading the way is Toyota with an all-new RAV4 […]