Oil rises above $72, after hitting 8-month high
Oil prices rose above $72 a barrel on Tuesday, paring gains after earlier jumping more than 2 percent on unprecedented Asian trading volumes. Trades in Brent and then U.S. crude oil futures surged to more than 10 times the norm for the Asian time zone as prices leapt more than $1.50 The jump was led by a sudden spike in Brent buying pinned on fund positioning.
Akala’s aide kidnapped, N20m ransom demanded
THE Executive Assistant to Governor Adebayo Alao-Akala on Administration, Mr. Richard Fagbemi, was kidnapped on his way from Abuja on Sunday.
Implementation, bane of 1999 Constitution—Mark
Ominous cloud shadowed President Umaru Yar‘Adua’s electoral reform proposal yesterday when the Senate President, Chief David Mark, faulted the insincerity of the implementers of the 1999 Constitution.
ACAMB flays rating of Nigerian banks
The Association of Corporate Affairs Managers of Banks (ACAMB) has condemned in totality the publication by The Africa Report, a bi-monthly published by Paris-based Groupe Jeune Afrique which was quoted by The Punch, a Nigerian daily, classifying Nigerian banks into an unknown and unacceptable ratings.
ATM: CBN’s redeployment deadline now Aug 31
THE Central Bank of Nigeria (CBN) yesterday extended the deadline for banks to redeploy their off-site ATMs by two months to August 31.
BICC to transfer Oba Ovonrawmen’s remains to Benin
“We are looking at reviving tourism in Edo state. We are actually looking at how we can set up a commission; we are also looking at how we can bring back the corpse of Oba Ovariamen to Benin and build a tourist industry around it.
“We have a total package that we will like to sit with the state Commissioner for Tourism to discuss,†Osawaru said.
