Home » Business


Oil prices jump, Brent hits approximately $70

US Dollars

Oil prices jumped on Friday, with Brent crude futures hitting their highest in more than two weeks as U.S. stock prices rose. Investors covered short bets ahead of a weekend in which the U.S. news programme  “60 Minutes” will air an interview with Saudi Arabia’s crown prince. Brent futures rose to more than 66.42 dollars , its highest since Feb. ...

Read More »

Police arrest 100 over violence at Ojota, Lagos

The police in Lagos State have arrested  no fewer than 100 persons allegedly involved in a violent clash between two unknown groups at the Scavengers Land near New Garage, Ojota. The state Deputy Commissioner of Police (Operations), Mr Mohammed Ali, made the  disclosure to the News Agency of Nigeria (NAN) on Friday. He said that the arrested persons  had been ...

Read More »

N1.7bn Fraud: EFCC Arraigns FirstNation Airways’ MD, Odukoya

The Economic and Financial Crimes Commission, EFCC, Lagos Zonal office, on Friday, March 16, 2018,  arraigned  Kayode  Odukoya , Managing Director,  FirstNation Airways before Justice Mojisola Dada of the Special Offences Court sitting in Ikeja on a four-count charge bordering on forgery, use of false information, perjury and stealing to the tune of N1, 741, 994, 962.04 (One Billion, Seven ...

Read More »

Financial inclusion: Fidelity Bank rewards 12 customers with N13m

Fidelity Bank Plc on Friday rewarded 12 customers with N13 million in the fifth draw of “Get Alert in Million Reloaded” aimed at strengthening the culture of saving among Nigerians. Mr Nnamdi Okonkwo, the bank’s Managing Director, said in Lagos that the promo, the seventh in the series in the last 10 years, was instituted to promote financial inclusion and ...

Read More »

Don’t allow electioneering spending reverse inflation rate – economist tells CBN

An economist, Dr Uju Ogubunka, has appealed to the Central Bank of Nigeria (CBN) to sustain the steady fall in inflation rate particularly in the months preceding the 2019 General Elections. Ogubunka, a former Executive Secretary, Chartered Institute of Bankers of Nigeria (CIBN), made the appeal in an interview with newsmen in Lagos on Thursday. According to the economist, the ...

Read More »

Edo, NEXIM to partner on export promotion

Edo Government says it will partner the Nigeria Export and Import Bank (NEXIM) in the area of empowerment of entrepreneurs to ensure that their products met international standard. Gov. Godwin Obaseki of Edo said this when he received the management of NEXIM, led by the Executive Director, Hon. Stella Okotete, at Government House, Benin, on Thursday. Obaseki said that his ...

Read More »

GTBank Announces Full Year 2017 PBT of N200.24bn

The foremost institutional Bank, Guaranty Trust Bank plc has released its audited financial results for the year ended December 31, 2017 to the Nigerian and London Stock Exchanges. A review of the results shows positive performance across all financial indices, reaffirming the Bank’s position as one of the most profitable and well managed financial institutions in Nigeria. Gross earnings for ...

Read More »

Bi-Courtney assures Arik of hitch-free operations from MMA2

Bi-Courtney Aviation Services Limited (BASL), operators of the Murtala Muhammed Airport Terminal Two (MMA2), has assured the management of Arik Air of seamless passenger facilitation, as the airline begins its scheduled flight operations from the terminal to Port Harcourt International Airport on Saturday. A statement by the spokesman of BASL, Steve Omolale, said with its spacious ticketing and departure hall, ...

Read More »