Oil prices drop amid supply glut, fears of second coronavirus wave

Oil prices drop amid supply glut, fears of second coronavirus wave

Oil prices fell on Monday as concern over a persistent glut and economic gloom caused by the coronavirus pandemic combined to cancel out support from supply cuts at some of the world’s top producers. Brent crude futures were down 29 cents, or 0.9 per cent at $30.68 a barrel by 0431 GMT, while U.S. West […]
Visible Articles 5 10 15
COVID-19: Saudi triples VAT to boost state coffers by $26.6bn

COVID-19: Saudi triples VAT to boost state coffers by $26.6bn

Saudi Arabia unveiled plans Monday to triple its Value Added Tax (VAT) and halt monthly handouts to citizens as part of a series of austerity measures amid record low oil prices and a coronavirus-led economic slump. The measures, which state media said would boost state coffers by 100 billion riyals ($26.6 billion), come as the […]

China’s ground zero reports coronavirus infections

China’s ground zero reports coronavirus infections

China reported a new cluster of coronavirus cases in Wuhan Monday after a month without fresh infections at the pandemic’s global epicentre, as a northeastern city was placed under lockdown. The cases added to fears China could be facing a new wave of infections, even as restrictions continued to ease in some other parts of […]

Isale Eko Descendants’ Union pays tribute to Justice Oluwa

Isale Eko Descendants’ Union pays tribute to Justice Oluwa

Justice Isiaka Ishola Oluwa, a retired judge and President of the Board of Trustees Isale Eko Descendants Union, is dead. He was aged 102. Justice Oluwa as he was popularly known, was an erudite jurist, upright and patriotic. A proper ‘Omoluabi,’ Justice Oluwa was not only proud of his Isale Eko heritage, but he also […]

Continental Reinsurance reports Q1 2020 results, affirms support towards Covid-19 pandemic

Continental Reinsurance reports Q1 2020 results, affirms support towards Covid-19 pandemic

 Despite unprecedented challenges across Africa resulting from the COVID-19 pandemic, Continental Reinsurance has posted a 29%increase in gross premium income for the first quarter of 2020. As the group reports an overall increase in gross premium income to NGN 11,560 million for the period, and with contributions from across its six locations remaining strong and […]

Ikea masturbation video goes viral in China

Ikea masturbation video goes viral in China

Ikea has said it will take “more careful” security measures in its shops in China after an explicit video of a woman masturbating in one of its stores went viral online. The pornographic clip shows a woman pleasuring herself half-naked on various sofas and beds in the furniture store’s showroom, while oblivious shoppers walk by […]

19 dead as Iran warship hit by ‘friendly fire’ in tense Gulf

19 dead as Iran warship hit by ‘friendly fire’ in tense Gulf

An Iran’s warship was hit by a friendly fire missile during naval exercises, killing 19 sailors, state media and the army said Monday, amid tensions with the US in Gulf waters. The incident involving the Konarak vessel occurred on Sunday afternoon near Bandar-e Jask, off the southern coast of the Islamic republic, state television said […]

Pay TV: Nigerians kick as Multichoice adjusts to 2.5% VAT increase

Pay TV: Nigerians kick as Multichoice adjusts to 2.5% VAT increase

Following the announcement by Multichoice, Nigeria’s major Pay TV, to increase its subscription rate to reflect the 2.5% VAT increase by the Nigerian government, many Nigerians have taken to the social media to bewail the move. According to some of the tweets, the planned VAT reflection in DStv subscription billed to take effect from June […]

COVID-19 curfew: Hit and run driver crushes policeman to death in Lagos

COVID-19 curfew: Hit and run driver crushes policeman to death in Lagos

As Okada man dies after hitting electric pole By Olasunkanmi Akoni Tragedies occurred on Sunday when a policeman was allegedly killed by a hit and run motorist at Marwa area, along Lekki-Epe Expressway, Lagos. In a similar incident same day, a yet-to-be-identified commercial motorcycle operator, popularly called “Okada” rider, died in a lone accident after […]

Covid-19: NCDC’s Mission in Kogi

Covid-19: NCDC’s Mission in Kogi

Before the Chinese authority-owned up to the outbreak of coronavirus pandemic in Wuhan, China, the world did not realize that a major health crisis that would quake the entire mankind was in the offing. The Covid-19, as the World Health Organization (WHO), termed it, rose from a minor outbreak of respiratory cum cough-related disease to a pandemic that is ravaging the world, today. The world has been literally brought to its knees by this invincible enemy. As at last count, 9th of May, 2020, global confirmed cases stood at 3.9 million, while fatalities were recorded as 276,000.

Road transport operators allege plan to exclude members in stimulus plan

Road transport operators allege plan to exclude members in stimulus plan

Mr Audu Gaddo, Spokesman of the Association of Private Transport Companies of Nigeria (APTCON), has alleged an evil plot to frustrate road transport operators out of the proposed stimulus plan being contemplated by the Nigerian government. Speaking Saturday at an interview granted select newsmen, Gaddo described as evil and conspiratorial a situation where senior government […]

COVID-19: All schools remain closed, says FG

COVID-19: All schools remain closed, says FG

THE Federal Government has warned against resumption of any school at any level, saying all schools remained closed. Acting on the government’s directive, National Universities Commission, NUC, has warned vice chancellors against reopening universities for any activities.