Business

By Ori Martins Former National President of the Sports Writers Association of Nigeria (SWAN), Chief (Sir) Fan Ndubuoke, has admonished journalists to always be guided by professionalism, patriotism and ethics in carrying out their duties, no matter the challenges. Ndubuoke, a 1994 NFF board member who qualified Nigeria for the World Cup for the first time and similarly lifted the …

New developments surrounding the US-Iran conflict in the Middle East have again pushed up crude oil prices on the international market. Prices moved higher on Thursday, with WTI trading near $92 a barrel and Brent rising above $95, as markets recovered from earlier weakness. The recovery comes as traders reassess geopolitical risks and consider whether ongoing ceasefire discussions can stabilize …

Since entering the national consciousness, Professor Patrick Utomi has convinced himself that he is the Nigerian equivalent of Albert Einstein, Adam Smith and John Maynard Keynes rolled into one. For decades, as a public intellectual/commentator on national affairs and economic issues, Utomi has consistently shared his views on the world and how Nigeria’s political economy should be built. Like Peter …

The International Monetary Fund (IMF) has advised Nigeria and other crude oil exporting countries to ensure that funds obtained from price increases resulting from the United States-Israel-Iran conflict are put to good use to protect against similar economic shocks in the future. The IMF explained that with rising debt in many countries, fiscal policy must be responded to carefully, providing …

Post views: 115 Former Director of the National Sports Commission, Dr. Patrick Ekeji, has applauded Rangers International Football Club for establishing the Rangers International Football Club Foundation, describing it as a bold step towards greater community impact and sustainable development. Dr. Ekeji delivered the eulogy in his hometown during a courtesy visit by Amb. Kennedy Onwunali, Rangers International FC …

Shareholders of Dangote Sugar Refinery Plc have approved a N500 billion rights issue aimed at strengthening the company’s capital base and accelerating its strategic expansion projects, particularly its backward integration programme. The approval was given at the company’s 20th Annual General Meeting (AGM) held in Lagos on Wednesday, where investors also lauded the management for its resilience and improved performance …

By Ayo Kehinde A UK court has jailed a Nigerian couple, Luciana and Femi Akanbi, for orchestrating a large-scale fraud scheme that exploited the stolen personal data of Transport for London (TfL) employees, resulting in losses of more than £433,000 to the public purse. The couple were each sentenced to three years and nine months’ imprisonment at Woolwich Crown Court …

Speaker of the Lagos State House of Assembly, Rt. Hon. Mudashiru Ajayi Obasa, has reaffirmed Lagos as the beating heart of Nigeria’s economy, stressing that despite Abuja being the Federal Capital Territory, Lagos continues to drive the economic strength of the nation. Obasa made this statement on Thursday when he received the new leadership of the Lagos Chamber of Commerce …

Investors in the Nigerian equity market earned N1.66 trillion at the close of trading on Thursday. This follows a surge in the prices of shares such as Guinea Insurance, Trans Express and Aradel, among others, on the stock exchange floor. The benchmark All-Share Index (ASI) index increased to 211,901.01 points from 209,317.41 points the previous day. After five hours of …

Post views: 17 The Nigeria Hotel Association (NHA) has warned that the closure of unregistered hotels in the country will soon begin. The President of the Association, Eze Patrick Anyanwu, stated this on Thursday, while addressing journalists during a meeting between the national executive and state presidents in Owerri. The traditional ruler, who spoke on the first day of …