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Oil price falls below $70 per barrel, as OPEC urged to increase output

Oil price falls below $70 per barrel, as OPEC urged to increase output

By Ediri Ejoh Oil fell below $70 a barrel yesterday as the United States urged the Organisation of Petroleum Exporting Countries, OPEC, and its oil-producing partners to boost output, saying current production was not enough and could threaten the global economic recovery. Brent Crude traded at $69.83, a decline of 0.80 cent, while the United States […]

Why FG must fight for 400 innocent Nigerians in Italian prisons – Osemwegie-Ero

Why FG must fight for 400 innocent Nigerians in Italian prisons – Osemwegie-Ero

Former Edo State Commissioner for Arts, Culture and Diaspora Affairs during Governor Godwin Obaseki’s first term, Mr. Osaze Osemwegie-Ero, in this interview recounts his 18-month ordeal in Italian prison for an offence he said he did not commit, false allegation that he was arrested in France with the sum of $2 million and why the Federal Government must fight for 400 innocent Nigerians illegally detained in Italy.

FOREX: Turnover in I&E falls 6% to $2.75 bn in July

FOREX: Turnover in I&E falls 6% to $2.75 bn in July

By Elizabeth Adegbesan   The volume of dollars traded (turnover) in the Investors and Exporters (I&E) window of the Nigerian foreign exchange market fell by six per cent, month-on-month, to $2.75 billion in July from $2.92 billion in June 2021.  The fall in turnover suggests a rise in dollar inflow from Foreign Portfolio Investors (FPIs).  READ ALSO:COVID-19: […]

Court declines Okorocha’s application to stop EFCC, Imo govt on confiscation of his properties

Court declines Okorocha’s application to stop EFCC, Imo govt on confiscation of his properties

The Abuja Division of the Federal High Court, yesterday, declined request by former governor of Imo State, Rochas Okorocha, for an order of interim injunction to stop the Economic and Financial Crimes Commission, EFCC, and Imo State government from confiscating his properties based on reports of various panels that investigated alleged financial infractions he committed while in office.