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FILE PHOTO - A picture illustration shows U.S. 100 dollar bank notes taken in Tokyo August 2, 2011. REUTERS-Yuriko Nakao-File Photo

Forex: Nigerian manufacturers seek policy review, rates unification

Manufacturers and industrialists on Wednesday appealed to the Federal Government and the Central Bank of Nigeria for a review of the available foreign exchange (FX) policies in the country.
FILE PHOTO - A view shows railroad freight cars, including oil tanks, in Omsk, Russia May 1, 2020. REUTERS-Alexey Malgavko

Oil prices slide as virus cases rise, demand worries persist

Oil prices eased on Tuesday as coronavirus cases globally continued to rise, but losses were capped amid reports of a blast in Saudi Arabia.
Organisation of Petroleum Exporting Countries (OPEC) | Reuters

OPEC slashes demand forecast despite coronavirus vaccine rollout

The Organisation of Petroleum Exporting Countries (OPEC) has again reviewed downwards forecasts for oil demand as the cartel and its allies mull a gradual restoration of curbed crude oil supplies, which was first agreed upon in April this year.
President Muhammadu Buhari

President Buhari unveils autogas initiative as fuel alternative

President Muhammadu Buhari, on Tuesday unveiled autogas as alternative for petrol in an expanded programme tagged National Gas Expansion Programme (NGEP).

NAICOM issues licences to seven insurance firms to deepen the market

The National Insurance Commission (NAICOM) has issued its first licence in 35 years to a reinsurance company.
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.
OPEC and its oil allies reached agreement Sunday to cut global production by 9.7 million barrels a day starting May 1, to shore up the world price in the face of a significant drop in the demand for oil because of the coronavirus pandemic.

OPEC revises 2021 global economic growth forecast – scribe

The Organization of Petroleum Exporting Countries (OPEC) has revised down its 2021 global economic growth projections to 4.4 from 4.5 per cent forecast in October 2020, OPEC’s Secretary General Mohammed Barkindo has said.

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The Chairman of the Presidential Task Force on COVID-19, Boss Mustapha, disclosed this at a press briefing in Abuja.

Nigeria threatens to ban flights from UAE, Netherlands

The task force said the Ministry of Aviation and its relevant agencies have been mandated to take the necessary reciprocal measures as may be permissible under the laws and other international obligations expected to be discharged against Emirates airlines operating from the UAE and other airlines from The Netherlands.
Manchester United boss Ole Gunnar Solskjaer is refusing to dream of a late title push, believing Manchester City are “too far ahead” despite yesterday’s superb derby win.

Manchester United boss rules out late title push despite derby win

Manchester United boss Ole Gunnar Solskjaer is refusing to dream of a late title push, believing Manchester City are “too far ahead” despite yesterday’s superb derby win.

NIOB, PSN, 28 others seek more roles for Nigerian professionals

Nigerian Institute of Building (NIOB), Pharmaceutical Society of Nigeria (PSN) as well as 28 other bodies under the umbrella of the Association of Professional Bodies of Nigeria (APBN) have called for more patronage of indigenous professionals.
Africa Development Bank (AfDB) is planning to invest $10 billion for the expansion of renewable energy projects in the continent, over the next five years.

AfDB approves $1.3 million grant for female financial inclusion research in Africa

The African Development Bank (AfDB) has approved two grants worth $1.3 million for research aimed at increasing women’s access to a range of digital financial services on the continent.
Liverpool manager, Jurgen Klopp, has confessed that his boys were tired and not ready to play and paid dearly for the defeat against Brighton.

Jurgen Klopp hopes for respite for struggling Liverpool

Liverpool manager Jurgen Klopp hopes a change of competition will give his side a break from their wretched Premier League form that has put their chances of a top-four finish in jeopardy.

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The Nigeria Centre for Disease Control (NCDC) says 75 healthcare workers tested positive for COVID-19 in the last week across the country. Its Director-General, Dr Chikwe Ihekweazu, made this known at the national briefing of the Presidential Task Force on COVID-19 on Monday in Abuja.

Nigeria records 269 new coronavirus infections

After reporting its lowest COVID-19 daily infection figure in seven months on Saturday, Nigeria recorded another relatively low number on Sunday with 269 new cases.
For the second time in his time as manager of La Liga giants Barcelona, Dutch manager Ronald Koeman had a nosebleed incident that made him, this time, cut short his media briefing ahead of La Blaugrana’s upcoming domestic fixture against fourth-placed Sevilla in gameweek 25 of Spanish football.

Ronald Koeman: Barcelona will have a problem if I don’t have a future

Ronald Koeman has addressed the ongoing speculation over his position at Camp Nou, insisting Barcelona "are going to have problems" if he doesn't have a future at the club.
There was a fire outbreak at a section of the Murtala Muhammed Airport in Lagos on Wednesday.

Fire engulfs section of Lagos airport

There was a fire outbreak at a section of the Murtala Muhammed Airport in Lagos on Wednesday.

Anambra poll: PDP fixes date for governorship primary election

The Peoples Democratic Party (PDP) has said that its governorship candidate for the November 6, Anambra State governorship poll will emerge on June 26.

Two men remanded over alleged kidnapping of five-year-old boy

The Yaba Chief Magistrates’ Court, Lagos, on Wednesday ordered the remand of Kamolideen Baale, 28, and Tunde Tawa, 26, over the alleged kidnapping of their neighbour’s five-year-old boy.