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Secretary-General of OPEC, Mr. Mohammed Barkindo

OPEC: Crude oil will remain relevant beyond 2045

Secretary General of the Organisation for Petroleum Exporting Countries, OPEC, Mohammad Barkindo, yesterday, disclosed that despite its current anaemic outlook, crude oil would continue to be relevant in the foreseeable future, up to 2045.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Stock market declines 2.5% on profit taking

The stock market declined by 2.5 per cent last week following profit taking after weeks of sustained growth. The market, which spiked by 12.9 per cent the previous week, closed lower last week as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) shedding 2.5 per cent to be at 34,136.82. The market capitalisation closed lower at N17.838 trillion.
Opposition leader and presidential candidate Zephirin Diabre holds a news conference ahead of the presidential and legislative elections, in Ouagadougou, Burkina Faso, November 21, 2020. REUTERS-Media Colibaly

Burkina opposition candidate alleges ‘massive fraud’ ahead of Sunday vote

Burkina Faso opposition candidate Zephirin Diabre said President Roch Kabore is orchestrating a “massive fraud” to secure re-election in Sunday’s presidential vote, and that he will not accept results marred by irregularities.
Wall Street's main indexes opened lower on Friday as rising infections overshadow positive vaccine news [Shannon Stapleton-Reuters]

US stocks open lower as virus surge overrides vaccine hope

Wall Street’s main stock indexes opened lower on Friday, putting them on track to cap off another week of highs and lows as vaccine optimism is overshadowed by surging COVID-19 infections and the return of business sapping restrictions and shutdowns.
Speaking at a press conference on the violence that trailed the EndSARS protests in Abuja, the Minister of Information and Communication, Alhaji Lai Mohammed said social media was used to spread fake news and disinformation that catalyzed the violence that was witnessed across the country.

Nigerian government budgets N250 million for foreign media, influencers, others

About N70.3m was also earmarked for the facilitation of ministerial media appearances for the “36 ministers, influencers and analysts on radio and television as well as social media and print media.”
The number of deaths from the coronavirus in the U.S. has surpassed a quarter of a million, according to data logged Wednesday morning on worldometer.info.

U.S. coronavirus death toll surpasses 250,000

The number of deaths from the coronavirus in the U.S. has surpassed a quarter of a million, according to data logged Wednesday morning on worldometer.info.
Iran’s Supreme Leader Ayatollah Ali Khamenei on Tuesday said the outcome of the United States elections would not influence Iranian policy towards Washington.

U.S. imposes fresh Iran-related sanctions, targets Ayatollah Khamenei-linked foundation

The United States on Wednesday imposed sweeping new sanctions targeting Iran, blacklisting a foundation controlled by Supreme Leader Ayatollah Ali Khamenei and taking aim at what Washington called Iran’s human rights abuses a year after a deadly crackdown on anti-government demonstrators.
Iran Foreign Minister Zarif did not insist on any compensation from the US – unlike other Iranian leaders who demanded ‘damages’ for sanctions.

Iran urges Joe Biden to lift sanctions, rejoin nuclear deal

Iranian Foreign Minister Mohammad Javad Zarif said Iran would fully implement its 2015 nuclear deal if US President-elect Joe Biden lifts sanctions on Tehran, which Zarif said could be done swiftly through “three executive orders”.
Global benchmark Brent crude rose 4.2 percent while US WTI jumped 4.6 percent after Moderna became the latest drug firm to release promising trial data on a COVID-19 vaccine.

Oil jumps 4 percent on upbeat coronavirus vaccine news

Global benchmark Brent crude rose 4.2 percent while US WTI jumped 4.6 percent after Moderna became the latest drug firm to release promising trial data on a COVID-19 vaccine.
The Minister of Youths and Sports Development, Solomon Dalung, on Thursday in Abuja said Acting President Yemi Osinbajo has not endorsed the Amaju Pinnick-led faction of the Nigeria Football Federation (NFF)

Former minister blames Super Eagles poor show on makeshift preparation

Former Minister of Youths and Sports Solomon Dalung has blamed Super Eagles disappointing outing on Friday on make shift preparation.
Brazilians voted Sunday in municipal elections that will test the strength of the country’s rightward shift under President Jair Bolsonaro, with the coronavirus pandemic looming large — and likely denting turnout.

Brazil votes in local polls marked by virus

Brazilians voted Sunday in municipal elections that will test the strength of the country’s rightward shift under President Jair Bolsonaro, with the coronavirus pandemic looming large — and likely denting turnout.
A screen grab taken from Vietnam Host Broadcaster’s November 15, 2020 live video shows China’s Premier Li Keqiang (L) clapping as Chinese Minister of Commerce Zhong Shan (R) holds up the agreement during the signing ceremony for the Regional Comprehensive Economic Partnership (RCEP) trade pact at the ASEAN summit that is being held online in Hanoi. (Photo by Handout / VIETNAM HOST BROADCASTER / AFP)

World’s largest free trade agreement signed in coup for China

The Regional Comprehensive Economic Partnership (RCEP) includes 10 Southeast Asian economies along with China, Japan, South Korea, New Zealand and Australia, with members accounting for around 30 percent of global GDP.
Ethiopian authorities have proposed holding a postponed election in May or June 2021, state-affiliated broadcaster FANA said on Friday, setting the stage for a test of support for Prime Minister Abiy Ahmed's sweeping economic and political reforms.

Ethiopia says Tigray forces fired into neighbouring region

Ethiopia said on Saturday that forces loyal to the ruling party in the northern Tigray region had fired into neighbouring Amhara region, raising fears that ongoing fighting could draw in other parts of the country.
Ethiopia’s parliament has appointed a new head of Tigray region, Prime Minister Abiy Ahmed said as a prominent rights group reported a “massacre” of scores of civilians in the conflict.

Ethiopia appoints new Tigray leader, Amnesty reports ‘massacre’

Ethiopia’s parliament has appointed a new head of Tigray region, Prime Minister Abiy Ahmed said as a prominent rights group reported a “massacre” of scores of civilians in the conflict.
Beijing says it wants to root out monopolistic practices in the tech industry, shortly after blocking Ant Group’s giant IPO.

China’s tech clampdown wipes $260 billion off share values

Chinese technology giants from Alibaba Group Holding Ltd. to Tencent Holdings Ltd shed almost $260 billion of market value over two days of frantic selling, as investors scrambled to assess the fallout from Beijing’s broadest attempt to rein in its most powerful private-sector firms.
Speakers at the virtual event also took turns to drum support for Mr Joe Biden, the presumed candidate of the party in the Nov. 3 presidential election.

U.S. election: World leaders anxious as results trickle in

Governments across the world are anxiously watching the race for the White House, as they prepare for either Republican Donald Trump securing a second term as United States president or for an electoral win by his Democratic challenger, former Vice President Joe Biden. 
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Nigeria stock market opens November with 0.17% loss

The Nigerian equities market resumed November trading with a loss of 0.17 per cent, halting the six-day bullish run on the back of profit taking.
Oil prices dived Thursday on demand fears as more nations go into lockdown to staunch the spread of the coronavirus, while stock prices attempted a modest rebound.

Oil prices slide in lockdown-driven rout

Oil prices dived Thursday on demand fears as more nations go into lockdown to staunch the spread of the coronavirus, while stock prices attempted a modest rebound.

Recent Stories

UN, EU urge media to intensify advocacy against gender violence

The joint EU-UN Spotlight Initiative, on Monday called on the media to intensify advocacy through reportage of violence against women and girls to end the menace in the country.
The PDP and its candidate, Babatunde Gbadamosi, are urging the court to disqualify the APC candidate, Tokunbo Abiru, over his alleged possession of two voter cards.

Tokunbo Abiru proposes antidote for national challenges

Mr Tokunbo Abiru, APC’s candidate for the Lagos East bye-election, has said that quality representation at the National Assembly is an antidote to diverse national development and security challenges.
US President Donald Trump speaks with General Motors CEO Mary Barra during a meeting with automobile industry leaders in the Roosevelt Room of the White House in Washington, DC on January 24th, 2017. - Photo by Saul Loeb - AFP via Getty Images

General Motors abandons Donald Trump’s war against California’s pollution powers

General Motors announced today that it is abandoning Donald Trump’s effort to take away California’s ability to set fuel efficiency standards. The company, along with Fiat Chrysler and Toyota, previously backed Trump’s efforts to roll back fuel efficiency standards.
Speaker of the Lagos State House of Assembly, Rt. Hon. Mudashiru Obasa on Friday disclosed how the immediate past administration of former Governor Akinwunmi Ambode employed blackmail and harassment to witch-hunt and deprive the House of performing its duties appropriately.

Speaker: Lagos Assembly to pass 2021 budget before December 31

The Speaker, Lagos State House of Assembly, Mudashiru Obasa, says the 2021 Appropriation Bill currently before the house will be passed before Dec. 31.

We believe it is South East’s turn to produce next president – Ebonyi PDP...

The Elder and major Stakeholders of the Peoples Democratic Party (PDP) on Monday affirmed the belief that it is the turn of the South East to produce President of Nigeria in 2023.