Global Business News
Global Business News
Global Business News
London, Sept. 28, 2023 – U.S. oil futures jumped to their highest in more than a year on Thursday as a drop in crude stocks in the United States added to worries over tight global supplies from OPEC+ output cuts. By 0828 GMT, Brent crude futures were up 36 cents to $96.91 a barrel after rising to the highest since November earlier in the session. U.S. West Texas Intermediate crude futures (WTI) were up 24 cents at $93.92 a barrel, after rising above $95 earlier in the session for the …
Abuja, Sept. 15, 2023 -President Bola Ahmed Tinubu has appointed Zaccheus Adedeji as the Acting Chairman of the Federal Inland Revenue Service (FIRS). He is to replace Mohammad Nami, the former Chief Executive of FIRS, who has been retired. Ajuri Ngelale, the Presidential Spokesman, said in a statement that the president had directed Nami to proceed on three-month pre-retirement leave leading to his eventual retirement from service on Dec, 8, 2023. Adedeji is to act for three months before his subsequent confirmation as the substantive executive chairman of FIRS. “By …
Abuja, Sept. 14, 2023, The Minister of Power, Adebayo Adelabu, on Thursday said the African Development Bank (AfDB) would provide $250 million to the Nigerian Electrification Project. Adelabu said this in a statement shared on X (formerly known as Twitter) on Thursday. He said the assistance underscored the fruitful outcome of a productive bilateralcCooperation meeting held at the ongoing “Just Energy Transition and Agricultural Transformation for Africa” conference in Busan, South Korea. The gathering, presided over by AfDB President, Dr. Akinwumi Adesina, brought together key stakeholders to discuss pivotal energy …
Abuja, Sept. 9, 2023 – Yemi Osinbajo, a former Vice President of Nigeria, has congratulated President Bola Tinubu and Vice President Kashim Shettima on the affirmation of their victory at the 2023 general elections by the Presidential Election Tribunal. Osinbajo said In a statement on his Facebook account, that the tribunal’s ruling was a victory for Nigeria’s constitutional democracy and the rule of law. “Congratulations to President Bola Ahmed Tinubu, Vice President Senator Kashim Shettima, and our great party, the All Progressives Congress, on the judicial affirmation of the victory …
Abeokuta, Sept. 8, 2023 – Two persons died while one was seriously injured in a rod accident involving two vehicles and two motorcycles at the toll gate on Abeokuta-Lagos expressway on Friday morning. A statement by Florence Okpe, the Spokesperson for Ogun State Sector Command of Federal Road Safety Corps, said the accident happened around 5:11am. The accident involved a Volvo trailer with registration number T 14223 LA, a Volkswagen bus with registration number KRD132XX and two Boxer Bajaj motorcycles with registration numbers LAR178VL and PKA873VS. Okpe said the likely …
Abuja, Sept. 4, 2023 – The Federal Government has appealed the Nigeria Labour Congress to shelve its two-day warning strike planned for Tuesday and Wednesday. The Minister of Labour and Employment, Simon Lalong, made the appeal in Abuja, saying that such action would be detrimental to plans of the government. “It has become pertinent to appeal to the leadership of the Nigeria Labour Congress (NLC) to suspend its intended two-day warning strike, as such action would be detrimental to the gains already being recorded on our course to securing a …
London, Sept. 1, 2023 – Oil prices rose for a fourth consecutive day on Friday and were on track to register a weekly gain amid expectations of further supply cuts by Opec+ members. Brent, the benchmark for two thirds of the world’s oil, was trading 1.06 per cent higher at $87.75 a barrel at 3.37pm, UAE time. West Texas Intermediate, the gauge that tracks US crude, was up 1.06 per cent at $84.52 a barrel. On Thursday, Brent settled 1.16 per cent higher at $86.86 a barrel. WTI closed up 2.45 …
Abuja, Aug. 21, 2023- Vice President Kashim Shettima has departed Abuja for Johannesburg to attend the 15th BRICS Summit. The Vice President is representing President Bola Tinubu at the BRICS Summit of Heads of State and Government in Sandton Convention Centre, Johannesburg, South Africa. The Director, Information, Office of the Vice President, Olusola Abiola made this known in a statement. Shettima will be joining other business and political leaders across the world at the Summit scheduled from August 22 to 24. World leaders expected to attend the Summit include South …
Abuja, Aug. 19, 2023 – The Nigerian Bar Association (NBA) has taken Hudu Yunusa-Ari, the suspended Adamawa State Resident Electoral Commissioner, to the Legal Practitioners Disciplinary Committee over allegations of his misconduct during the 2023 general elections. A statement by Akorede Lawal, its Spokesman, said on Saturday, that an Aba-based lawyer, Ifunanya Grant, popularly known as “baddest lawyer”, was also dragged before the committee. While Yunusa-Ari was dragged before the committee over his role in the supplementary governorship election in Adamawa State in the 2023 general elections, Ifunanya was accused of …
Your Excellency, President of the UEMOA Commission; The Special Representative of the Secretary General of the United Nations in West Africa and the Sahel; and Distinguished Ladies and Gentlemen. Let me commence by welcoming you all to the Second (2nd) Extraordinary Summit on the Socio-Political Situation in the Republic of Niger, within the space of ten days. Your presence here, despite the short notice, demonstrates the unwavering dedication of our esteemed community to finding a lasting solution to the political situation in the Republic of Niger. Today, we gather …