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Strait of Hormuz: EU rejects Trump’s demand to help 

Strait of Hormuz: EU rejects Trump’s demand to help 

•IEA prepared to release more oil reserves By Nkiruka Nnorom with agency report European leaders have rejected demands by the US President, Donald Trump, for help to clear the strait of Hormuz, as foreign ministers from the European Union gathered in Brussels yesterday to discuss skyrocketing oil prices from the US-Israeli war on Iran. The push back came […]

Emefiele not signatory to firms’ accounts in CBN contract fraud case — Witness

Emefiele not signatory to firms’ accounts in CBN contract fraud case — Witness

An investigator with the Economic and Financial Crimes Commission, EFCC, on Monday told the Federal Capital Territory, FCT, High Court in Abuja that former Governor of the Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, was not a signatory to the bank accounts of two companies allegedly used to obtain contracts from the apex bank.

After 6-month break, food inflation resumes upward climb, rises 12.12%

After 6-month break, food inflation resumes upward climb, rises 12.12%

—Driven by hike in prices of beans, yam flour, others —Kogi, Benue, Anambra record highest headline food inflation rates; Katsina, Imo, Ebonyi lowest By Elizabeth Adegbesan LAGOS — Nigeria’s annual food inflation rate reversed a six-month downward trend, rising to 12.2 per cent in February, from 8.89 per cent in January, driven by prices of beans, […]