Trump slams OPEC as oil prices surge
Trump resumed his attacks on OPEC Thursday morning amid oil prices that have climbed to their highest level in two months. “We protect the countries of the Middle East, they would not be safe for very long without us, and yet they continue to push for higher and higher oil prices!... Read more
We are not involved in the Malabu oil deal: Shell
Shell Petroleum Development Company Limited, SPDC, has denied its involvement in the $1.3 billion Malabu oil deal as an Italian court plans to rule on the case. In a statement sent to news outlets yesterday, Shell stated:  “Based on our review of the Prosecutor of Milan’s file and all... Read more
FG suspends Nigeria Air indefinitely
The Federal Government has suspended the National Carrier, Nigeria Air, procurement indefinitely. The Minister of State Aviation, Senator Hadi Sirika disclosed this on Wednesday in Abuja while briefing newsmen. He said the federal government took the decision to suspend the procurement of Nigeria Air at the federal executive council... Read more
Police looking for 17-year-old Chinese boy who posed as a billionaire online
China’s crackdown on online rumor-mongers and fraud has snared a fresh target – a 17-year-old junior high school dropout who pretended to be a billionaire, gave himself fake titles and posted Photoshopped pictures of himself with world leaders. Police in northern China’s Shandong province said they were investigating the... Read more
US-China trade war could last for 20 years: Jack Ma warns
Alibaba Group Holding Ltd. co-founder Jack Ma cautioned China’s business and political leaders to prepare for the trade war with the U.S. to last longer and have a bigger impact than most people think. China’s richest man said the dispute could last 20 years and persist beyond the presidency... Read more
LASAA solicits partnership with MVAA to drive Revenue for Lagos
The Managing Director, Lagos State Signage and Advertisement Agency (LASAA), Mr. Mobolaji Sanusi has solicited for the support of Motor Vehicle Administration Agency (MVAA) in the revenue drive of the agency, saying that it has become imperative considering the sensitive role MVAA plays as one of the revenue generating... Read more
US-China trade war leads to drop in oil prices
Prices of oil at the international market dropped yesterday as the latest escalation in the Sino-US trade war clouded the outlook for demand, although concerns over tightening supply offered prices some support. Brent crude futures had declined 27 cents, or 0.35 per cent, to $77.78 per barrel while US... Read more
FG’s shares in Nigerian Security, Printing and Minting finally transferred to CBN(photos)
The Federal Government has transferred its shares in the Nigerian Security, Printing and Minting Plc to the central Bank of Nigeria(CBN) The Vice president presided over the ceremony at the state house earlier today, where 12.4 billion shares in the NSPM were sold to the CBN, represented by the... Read more
Fintech will not displace banks: Experts insist at LBS
A faculty member, Lagos Business School (LBS), Dr. Olayinka David-West, has said that Financial Technology (FinTech) companies will not displace banks in their competition for market share and provision of financial services to customers. She spoke at the 2018 Finance Correspondents Association of Nigeria (FICAN) Annual Workshop help at... Read more
26 year-old Silas Adekunle becomes world’s highest paid robotics engineer
26-year-old Nigerian, Silas Adekunle is now the highest paid in the field of Robotic Engineering. Adekunle, credited for building the world’s first gaming robot, achieved this feat after signing a new deal with the world’s reputable software manufacturers, Apple Inc, Leadership reports. The robotics engineer was also named as... Read more