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EFCC quizzes Air Peace chief over ‘$44.9 million wire deals’

As part of the ongoing probe of alleged $44.9 million wire deals, the Economic and Financial Crimes Commission (EFCC) has interrogated the Chief Executive Officer of Air Peace, Mr. Allen Ifechukwu Onyema.

Reports: US heads towards recession

The US could be headed for a recession soon as the market’s most closely watched part of the yield curve inverted today.
Donald Trump and Xi Jinping

Donald Trump exempts Chinese cell phones, laptops, toys, footwear from September 1 tariffs

Amidst recession fears, the Trump White House trade office announced Tuesday that it would exempt Chinese cellphones, laptops, toys, footwear and clothing from a new round of tariffs going into force on 1 September.

Uber set to list stocks at $45 per share amidst drivers’ protests

Uber is set for its Wall Street debut Friday with a massive share offering that is a milestone for the ride-hailing industry and the so-called “sharing economy,” but which comes with simmering concerns about its business model.

Oil set for biggest quarterly rise since 2009

Oil prices rose on Friday amid the ongoing OPEC-led supply cuts and U.S. sanctions against Iran and Venezuela, putting crude markets on track for their biggest quarterly rise since 2009.
Bi-Courtney Nigeria Limited, Wale Babalakin

Wale Babalakin: Integrity is key to success

The Pro-chancellor of the University of Lagos, Dr. Wale Babalakin (SAN), has said true greatness can be measured by an individual’s integrity and the ability to positively affect the lives of the people around him.

Oil prices hit $65 amid OPEC cuts

Brent crude oil prices hit 2019 highs above $65 per barrel on Friday, spurred by OPEC-led supply cuts and a partial shutdown of Saudi Arabia’s biggest offshore oil field.
Donald Trump

Dollar steady, unfazed by Donald Trump address

The dollar held steady against its peers on Wednesday, showing little reaction to U.S. President Donald Trump’s State of the Union address which touched upon trade and budget issues but provided investors with few surprises.

China’s industrial slowdown hits oil and gas trade

China’s thirst for oil and gas is set to wane this year, though in 2018 it posted a record intake for both crude oil and liquefied natural gas (LNG), cementing its status as the world’s largest oil and second-largest LNG importer.

Oil prices fall on global growth concerns

Oil fell on Wednesday as a swelling supply glut and signs of an economic slowdown weighed on crude prices a day ahead of an OPEC meeting at which the producer club is expected to decide supply cuts.
Jamal Khashoggi

JP Morgan, Ford drop out of Saudi investors forum over Jamal Khashoggi’s disappearance

JP Morgan & Chase Co Chief Executive Jamie Dimon and Ford Motor Co Chairman Bill Ford have cancelled plans to attend a Saudi investor conference, the companies said on Sunday.
Mthuli Ncube

Mthuli Ncube: US investors ‘showing interest in Zimbabwe’

Zimbabwe's finance minister Mthuli Ncube has reportedly said that American investors are showing interest in the southern African country, following a meeting with them in New York.

Arsenal test as murky finances threaten AC Milan

AC Milan's superb recent run faces a stiff test against Arsenal in the Europa League last-16 first leg in Italy on Thursday amid a backdrop of murky finances which are threatening one of Italy's most successful clubs.

IGP Ibrahim Idris orders probe of alleged $10,000 loan to Akwa Ibom senator, threat

The Inspector General of Police (IGP), Ibrahim Idris, has ordered an investigation into an alleged threat to life and an unpaid $10,000 loan between Senator Nelson Effiong and a United States based lady, Nsedu Onyile.

Bank of America profit slumps on $2.9 billion tax charge

Bank of America Corp’s fourth-quarter profit nearly halved as it booked a $2.9 billion charge stemming from the new federal tax law.

Hackers hit US, Russian banks in ATM robbery scam

Previously undetected group of Russian-language hackers silently stole nearly 10 million dollars from at least 18 mostly United States and Russian banks in recent years by targeting interbank transfer systems, a Moscow-based security firm said.

Warren Buffett becomes top shareholder in Bank of America

American billionaire Warren Buffett's Berkshire Hathaway group has officially become the top shareholder in Bank of America after exercising its right to buy 700 million shares at a discount.

Recent Stories

Nigeria’s Aruna Quadri has failed to advance in to the round of 16 of the ongoing German open after suffering defeat in the round of 32.

Quadri Aruna, Olajide Omotayo, Offiong Edem win first games at ITTF Africa Top 16...

Highest-ranked African player Quadri Aruna, Olajide Omotayo and Offiong Edem on Monday all won their first games at the ongoing International Table Tennis Federation (ITTF) Africa Top 16 Cup in Tunis.
Former world champion Amir Khan has tabbed WBC world champion Tyson Fury to defeat WBO, IBO, WBA, IBF champion Anthony Joshua, if the two British heavyweights ever collided in a unification.

Tyson Fury calls out Anthony Joshua after beating Deontay Wilder

Tyson Fury has told Anthony Joshua he ‘missed his chance’ to beat Deontay Wilder and claim the WBC belt, declaring himself the number one heavyweight in the world after beating the American.
The Nigeria Police Force says its investigation shows that Boko Haram, Ansaru and other terror groups are getting support from some Nigerians.

Police arrest man for ‘defiling’ stepdaughter

The Osun State Police Command on Monday said it had commenced investigation into the allegations of rape of a minor against one Sesan, who was accused of having the carnal knowledge of a three-year-old girl, said to be his stepdaughter.
President Buhari on Monday,on 24th Feb 2020 held a Special Consultation with Service Chiefs in State House. 4

Insecurity: NSA Monguno absent as President Buhari meets security chiefs

President Muhammadu Buhari on Monday in Abuja met behind closed door with security chiefs at the Presidential Villa, Abuja.
Lionel Messi says he has “never had the need to leave the best club in the world”, with Barcelona still very much part of his present and future.

Barcelona’s Gerard Pique unsure of Lionel Messi future

Gerard Pique believes it is possible Lionel Messi could one day play for Napoli, but the Barcelona defender hopes the superstar retires at the La Liga giants.