Oil Hits $71 On Rising Demand Hopes In US, China
Oil prices were higher on Wednesday as negotiations over the Joint Comprehensive Plan of Action continued to falter, and as a rebound in oil demand in China, the United States and Europe threatened to outpace...
NIMASA Boss To EFCC: Probe N1.5trn Allegation Against Me
The Director-General of the Nigerian Maritime Administration and Safety Agency, Mr Bashir Jamoh, has asked the Economic and Financial Crimes Commission to investigate an allegation of N1.5tn fraud levelled against him by one Jackson Ude.
Ude had...
$700m Looted Funds Returned In 4 yrs; Nigeria Receives £4.2m Recovered From UK — Malami
The Federal Government recovered $700 million looted funds in the last four years, even as it just received the £4.2 million taken from Delta State’s treasury by an ex-governor of...
Nigeria’s Diaspora Remittances To Hit $22bn
Nigeria’s diaspora remittances have been projected to rise by five per cent to $22bn by the end of 2021.
Agusto Consulting Limited, a wholly owned subsidiary of a rating agency, Agusto & Co. Limited, disclosed this in its report titled...
Banks Slash Dollar-cash Deposits to $5,000 Monthly
Nigerian banks have reduced the amount of United States dollars customers can pay into their domiciliary accounts from the previous $10,000 to $5,000 monthly.
A top bank official who craved anonymity confirmed the new policy yesterday.
However, the new policy...
Nigeria Rebalances OPEC Quota Compliance, Cuts Output By 7%
Nigeria has been forced to rebalance its oil output, effecting about 7.0 percent cut back on its oil output to re-align with the quota imposed by the Organisation of Petroleum Exporting Countries, OPEC.
The nation’s output in...
