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Naira closes at N359.5 per dollar at parallel market in Lagos

The Naira on Tuesday closed at N359.5 to a dollar at the parallel market in Lagos, newsmen reports.
The trio of Shehu Abdullahi, Jamilu Collins and Samuel Kalu could miss Super Eagles next Total Africa Cup of Nations Group B clash against Guinea at Alexandria Stadium on Wednesday afternoon.

Afcon: Super Eagles protest unpaid bonuses ahead of Guinea clash

Nigeria’s football fans’ hope of seeing Super Eagles put the Syli Nationale of Guinea to the sword in their second group B match today may have suffered a big blow as the players protested over unpaid bonuses, yesterday.
[FILE] US President Donald Trump chairs a Cabinet meeting at the White House in Washington, DC, on January 2, 2019. – President Donald Trump warned Wednesday the US federal government may not reopen any time soon, as he stood firm on his demand for billions of dollars in funding for a border wall with Mexico.Addressing a cabinet meeting on the 12th day of the shutdown, Trump warned it “could be a long time” before the impasse is resolved.”It’s too important a subject to walk away from,” said the president, who was to meet later with Democratic and Republican lawmakers. (Photo by NICHOLAS KAMM / AFP)

Donald Trump: Why I stopped Iran strike

In an extraordinary series of tweets, President Donald Trump on Friday explained his rationale for calling off a retaliatory military strike against Iran over the downing of a U.S. drone.

World Bank gives $750 million budgetary support to Kenya

The World Bank approved a $750 million loan to Kenya that focused mainly on support for agriculture and housing, the bank said in a statement.
Mexican forensic workers meet the Aeromexico plane forced to land after a Japanese man who swallowed 246 packs of cocaine died on a flight from Bogota to Tokyo. Sonora Attorney-General

Man dies on plane after swallowing 246 cocaine packets

A Japanese man died on a plane after swallowing almost 250 packets of cocaine.
Tunde Ayeni

EFCC re-arraigns Skye Bank chairman, managing director over alleged N8 billion fraud

The Economic and Financial Crimes Commission, EFCC, has re-arraigned a former Chairman, Board of Directors, Skye Bank Plc (now Polaris Bank), Tunde Ayeni, and the former Managing Director, MD of the Bank, Timothy Ajani Oguntayo, before Justice Ijeoma Ojukwu, of a Federal High Court, Abuja, on an eight-count charge bordering on money laundering to the tune of N8 billion.
Justice J.K Omotosho of the Federal High Court sitting in Port Harcourt has convicted and sentenced Onuoha Danhessy Akachuku to 3 months imprisonment, for defrauding an American, Maria Jose Alvarez of $5,260 in a failed online romance deal.

Court jails fraudster for defrauding American of $5,260

Justice J.K Omotosho of the Federal High Court sitting in Port Harcourt, Rivers State has convicted and sentenced Onuoha Danhessy Akachuku to three months imprisonment, for defrauding an American, Maria Jose Alvarez of the sum of $5,260 in a failed online romance deal.

US risks recession as trade tensions heightens

U.S.-China trade war has boosted the risk of a U.S. recession, say a strong majority of economists polled by Reuters, who now put the chances of that happening in the next two years at 40 per cent.

Corruption: NNPC recovers $1.6 billion from companies

Dr. Maikanti Baru, Group Managing Director, Nigerian National Petroleum Corporation (NNPC), on Tuesday said the corporation had recovered $1.6 billion from some companies fleecing one of its subsidiaries.

Lawyer asks court to nullify central bank chief’s re-appointment

A whistle blower, George Uboh, has challenged the plan by the federal government to extend the appointment of the Governor of the Central Bank of Nigeria (CBN), Godwin Emiefele
Chris Hughes

It’s time to break up Facebook – co-founder

Facebook Inc co-founder and former Mark Zuckerberg roommate, Chris Hughes, has called for the break-up of the social network in an opinion piece in the New York Times.

Federal government approves $3.9 billion for Warri seaport

The Minister of Transportation, Mr Rotimi Amaechi, said the federal government has approved the construction for Warri seaport at the cost of about 3.9 billion dollars and also awarded contract for Abuja-Warri rail line.
Access Bank has unveiled a new brand logo to reflect its new status following the completion of its merge with Diamond Bank.

$6.3 million fraud: Access Bank chief absent in court

The arraignment of the Managing Director of Access Bank Plc, Mr Herbert Nwigwe and eight others by the Special Fraud Unit of Nigeria Police over allegation of $6.3 million fraud before a Lagos High Court, Ikeja has been stalled due to absence of some the defendants.
Fahad Al-Saif

Saudi Arabia to issue $3 billion-$5 billion in international Sukuk by third quarter

Saudi Arabia will issue three billion to five billion dollars in new international sukuk or Islamic bonds around the third quarter as part of plans to diversify financing of the national budget deficit, a senior finance ministry official told Reuters.
Sales of Sports Utility Vehicles (SUV) and cost cuts helped Volkswagen (VW) shrug off a 1 billion euro legal charge and meet first-quarter operating profit forecasts on Thursday, sending its shares 3.3 per cent higher.

Volkswagen shrugs off one billion euro legal hit with higher SUV salesÉ

Sales of Sports Utility Vehicles (SUV) and cost cuts helped Volkswagen (VW) shrug off a 1 billion euro legal charge and meet first-quarter operating profit forecasts on Thursday, sending its shares 3.3 per cent higher.
Chinese President Xi Jinping leaves after his speech at the opening ceremony for the second Belt and Road Forum in Beijing, China, April 26, 2019.

Xi Jinping: Belt and Road must be green, sustainable

China’s Belt and Road initiative must be green and sustainable, President Xi Jinping said at the opening of a summit on his grand plan on Friday, adding that the massive infrastructure and trade plan should result in “high-quality” growth for everyone.
Organisation of Petroleum Exporting Countries (OPEC) | Reuters

Oil slips to $71, hit by talk of higher OPEC production

Brent oil slipped to around 71 dollars a barrel on Tuesday, pressured by expectations of higher U.S. inventories and concern about Russia’s willingness to stick with OPEC-led supply cuts.
EDITORS NOTE: Graphic content / A picture taken on April 8, 2019 shows shipping containers sitting at the Apapa Port Complex in Lagos, Nigeria's economy hub. - The Nigerian port is congested with hundreds of ships, idly queueing for days to offload containers with goods. Lagos port congestion is affecting port operations and creating a severe backlog at ports, causing carriers’ containers to be held in port for extra days, as well as creating several miles of truck traffic at roads that links to port gates. (Photo by PIUS UTOMI EKPEI / AFP)

Ghost ships of Lagos, a haven of crime

The two men in the motorised wooden canoe look around warily as they leave a towering shipwreck in the Lagos lagoon, with the barrels of oil on board barely concealed under rags.

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Outgoing governor of Ogun State, Ibikunle Amosun, on Tuesday boasted that a combination of the achievements of Gbenga Daniel and Olusegun Osoba as former governors of the state would not match his administration’s achievements.

Senator Amosun: Allegations of arms stockpile, surrendering, laughable

Former Ogun State Governor Ibikunle Amosun has described as laughable, allegations he stockpiled firearms before the general elections and hurriedly handed them over to the police a day to handover.

NDLEA warns of alarming rate of drug abuse in Yobe

Yobe command of National Drug Law Enforcement Agency (NDLEA) on Wednesday said future of youth in the state was in great danger except drastic measures were taken to check the excessive consumption of hard drugs.
The Federal Capital Territory (FCT) administration has raised alarm over rising cases of insecurity and vandalism in the territory. Abuja

Demolition: FCTA gives two weeks ultimatum to Lokogoma residents

In order to save lives, the Permanent Secretary, Federal Capital Territory (FCT), Sir Chinyeaka Ohaa, has given residents of Lokogoma two weeks ultimatum to vacate structures built on waterways to give room for demolition and get the corridors cleared for water flow freely.
Kenneth Omeruo scores send half goals to send Super Eagles in the knockout stage of the 2019 African Cup of Nations after a 1-0 win over Guinea at the Alexandria Stadium on Wednesday evening encounter.

Afcon: Kenneth Omeruo sends Super Eagles to the knockout stage

Kenneth Omeruo scores send half goals to send Super Eagles in the knockout stage of the 2019 African Cup of Nations after a 1-0 win over Guinea at the Alexandria Stadium on Wednesday evening encounter.
Real Madrid had a different plan for Brazilian starlet Vinicius, the attacker would have his chances limited next season.

Real Madrid’s plan for Brazilian starlet Vinicius

Real Madrid had a different plan for Brazilian starlet Vinicius, the attacker would have his chances limited next season.