Oil rose for a second day on Wednesday, gaining more than two per cent, as a hurricane closed U.S. offshore production and an industry report showed U.S. crude inventories unexpectedly decreased. More than a quarter of U.S. offshore output was shut on Tuesday due to Hurricane Sally. The American Petroleum Institute on Tuesday said crude inventories fell 9.5 million barrels, rather than increased as analysts expected. Brent crude rose 86 cents or 2.1 per cent to $41.39 a barrel by 1012 GMT, while U.S. crude added 85 cents or 2.2 per cent to $39.13. Both contracts rose by more than…
Author: Ayo Oye
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Pop music superstar Madonna will direct and co-write a movie about her life for Comcast Corp’s Universal Pictures, the studio said in a statement on Tuesday. Madonna, 62, will team up with Oscar-winning screenwriter Diablo Cody on the script, Universal said.
Two men on Wednesday appeared in a Grade I Area Court for allegedly defrauding a businessman of N1.4 million. The police charged Elum Chibueze and Ogundele Micheal with joint act, criminal breach of trust and cheating. The Prosecution Counsel, John Okpa, told the court that police investigations into a direct criminal complaint revealed that the defendants fraudulently obtained the N1,4 million from the complainant, Arise Okoronkwo. Okpa said the defendants collected the money for a non-existent piece of land in Bwari Area Council, FCT. He said the offence contravened the provisions of sections 97, 312 and 322 of the Penal…
The Federal Road Safety Corps (FRSC) has confirmed that four of its personnel who were abducted by bandits on Monday had been rescued with the help of other security agencies.The Corps Public Education Officer (CPEO), ACM Bisi Kazeem, disclosed this in an interview with the News Agency of Nigeria (NAN) on Tuesday in Abuja.NAN recalls that 26 personnel of FRSC were reportedly attacked while traveling from Sokoto and Kebbi States Command of the Corps for a training programme at FRSC Academy, Udi on Monday. NAN also reports that two were killed, 10 were unaccounted for, eight escaped unhurt, while six…
Gov. Ahmadu Fintiri of Adamawa has saluted former Governor of the defunct Gongola State, and one time National Chairman of the Peoples Democratic Party, Alhaji Bamanga Tukur, on his 85th birthday. Fintiri felicitated with the elder statesman in a statement signed by his Press Secretary, Mr. Humwashi Wonosikou, on Tuesday in Yola. He Described Tukur as a quintessential businessman and politician, who made a difference in service to Nigeria and the state in different capacities, with the whole of his heart. Fintiri noted that Tukur’s tenure as National Chairman of the PDP, was a sacrifice where he offered himself for…
Arsenal striker Pierre-Emerick Aubameyang has signed a new three-year deal, the Premier League club said on Tuesday, ending speculation over a potential exit as he entered the final year of his contract. Aubameyang’s decision to stay with Arsenal will be a major boost to manager Mikel Arteta who said he wanted to build the squad around the Gabon international after they won the FA Cup last month. “Signing for this special club was never in doubt,” Aubameyang said in a statement . “It’s thanks to our fans, my team mates, my family and everybody at this club that I feel…
Activities on the nation’s bourse closed on a downward trend on Tuesday, with the market capitalisation dropping by N4 billion. Specifically, the market capitalisation lost N4 billion to close at N13.354 trillion compared with N13.358 trillion achieved on Monday. In the same vein, the All-Share Index lost 7.63 points or 0.03 per cent to close at 25,597.96 points against 25,605.59 on Monday. The downturn was impacted by loses recorded in large and medium capitalised stocks, amongst which are; Seplat, Red Star Express, Dangote Sugar Refinery, Oando and NPF Microfinance Bank. Consequently, market sentiment, as measured by the market breadth closed…
The Court of Appeal, Abuja, on Tuesday, upheld the conviction and sentencing of a clergy, Basil Princewill, for raping a 14-year-old girl and attempting to abort the pregnancy.Justice Stephen Adah, while reading a unanimous judgment of a panel of three, held that the appellate court found nothing wrong with the judgment given on June 25, 2019 by Justice Hussein Baba-Yusuf of the High Court of the Federal Capital Territory (FCT).The News Agency of Nigeria (NAN) reports that Justice Baba-Yusuf had, in that judgment, convicted Princewill, Founder and General Overseer of the Mountain Mover Fire Ministry International, Nyanya, Abuja, on two…
Prices of grains have decreased by about 25 per cent in markets in Damaturu, capital of Yobe. The News Agency of Nigeria (NAN) checks on Tuesday, revealed that bags of maize and guinea corn, sold at N20, 000 each two weeks ago, had dropped to N16,000 and N14,000 respectively. NAN, however, reports that bags of millet and beans have maintained the same price, at N20,000 each within the period under review. When contacted, the Chairman, Grains Merchants Association in the Sunday Market in Damaturu, Alhaji Ibrahim Yusuf, attributed the drop to arrival of new stock in the market. “Prices of…
The Central Bank of Nigeria (CBN) on Tuesday, unveiled a framework for implementation of family homes financing initiative to fast track the deployment of 300,000 homes across the country. The CBN said that the financing initiative was introduced to support the Federal Government’s Economic Sustainability programme to fast track the deployment of 300,000 homes in the 36 states of the federation and the Federal Capital Territory. The apex bank in a document titled “Framework for the implementation of family homes financing initiative”, said it was introduced to create up to 1.5 million jobs in five years. It explained that mass…