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Oil prices hit a four-year high of $81.48 a barrel on Tuesday after Saudi Arabia and Russia appeared to reject calls from the US to increase production amid looming sanctions against Iranian oil.
Iran's Supreme Leader Ayatollah Ali Khamenei has supported a suggestion by President Hassan Rouhani who hinted earlier this month that Tehran may block regional oil exports if its own sales are stopped following the US' withdrawal from a 2015 nuclear deal with world powers.
Oil prices rose on Wednesday as a supply disruption in Canada tightened the market and after United States officials told importers to stop buying Iranian crude from November.
Oil prices rose more than two per cent on Wednesday, with Brent hitting a 3-1/2-year high, after U.S. President Donald Trump abandoned a nuclear deal with Iran and announced the “highest level” of sanctions against the OPEC member.
The EU published contingency plans for a “no-deal” Brexit on Tuesday, outlining a host of travel rights Britons would lose, from recognition of driving licences to loss of pet passports.
The Independent National Electoral Commission (INEC), says no fewer than 13,000 registered voters were yet to collect their Permanent Voters Cards (PVCs) in Kuje Area Council of the FCT.
The Peoples Democratic Party (PDP) has cautioned against “plot’’ to use the police as a tool to intimidate voters and rig the Irepodun/Ekiti/Oke-Ero/Isin Federal Constituency by-election in Kwara scheduled for Saturday.
The federal government has awarded Julius Berger Construction Company a N206 billion contract for the main work on the 2nd Niger Bridge.
Rob Shuter, the chief executive officer at MTN Group, says the group will acquire an independent banking licence in Nigeria by 2019.
Court has revoked the bail granted ex-Abia State Governor, Orji Uzor Kalu, for failure to appear, the News Agency of Nigeria reports.
The Peoples Democratic Party in Anambra has resolved to work for the victory of Alhaji Atiku Abubakar and Chief Peter Obi, the party’s presidential and vice presidential candidates respectively in the 2019 elections.
A mild drama ensued on Tuesday in a Mapo Customary Court in Ibadan, when a house wife and mother of two, Mrs Beauty Odinye, prayed the court to disregard her prayer for divorce and also a testimony in which she alleged that her husband, Nathaniel was impotent.
Stan Lee, who dreamed up Spider-Man, Iron Man, the Hulk and other Marvel Comics superheroes has died at the age of 95.
Femi Adesina, spokesman to President Muhammadu Buhari, says his principal didn’t endorse any figure as the new minimum wage.