Oil Prices Rise As Saudi Arabia Pledges Output Cuts
Oil prices have risen after Saudi Arabia said it would make cuts of a million barrels per day (bpd) in July. Other members of Opec+, a group of oil-producing countries, also agreed to continued cuts in production in an attempt to shore up flagging prices. Opec+ accounts for around 40% of the world’s crude oil […]
With Oil Prices Slumping, OPEC+ Producers Weigh More Production Cuts
The major oil-producing countries led by Saudi Arabia and Russia are wrestling with whether to make another cut in supply to the global economy as the OPEC+ alliance struggles to prop up sagging oil prices that have been a boon to U.S. drivers and helped ease inflation worldwide. The 23-member group is meeting Sunday at OPEC headquarters […]
Elon Musk Says He Has Appointed New Twitter Boss
Elon Musk says that he has found a new chief executive to lead Twitter. He announced the news on the social media platform, which he bought last year for $44bn (£35bn). Mr Musk did not name the site’s new boss but said “she” would start in six weeks, at which point he would become executive […]
Janet Yellen Warns Of Debt Ceiling ‘catastrophe’
US Treasury Secretary Janet Yellen has warned a failure to raise the US’s debt ceiling could have dire consequences. Without an agreement to increase what the federal government can borrow, it could run out of money by early June. At that point the federal government might not be able to make wage, welfare and other […]
Nigerian Airlines Places Sudan Crises Priority, Postpone Signing Agreement For Hajj Airlift
Due to the Sudan crises, representatives of local airlines including Air Peace, Azman Air, Max Air, and Aero Contractors, selected to airlift Nigerian pilgrims for the 2023 Hajj have turned down signing a letter of agreement with NAHCON. The signing of the airlift agreement, which was scheduled for today, has been postponed until Tuesday of […]
First Republic: JP Morgan To Take Over Major US Bank
JP Morgan is set to take over the troubled US bank First Republic in a deal brokered by regulators. The Federal Deposit Insurance Corporation (FDIC) confirmed in a statement that First Republic had collapsed on Monday. Investment banking giant JP Morgan will now take on “all of the deposits and substantially all of the assets of First […]
Court Dismisses Criminal Charges Against Seplat Energy
A Federal High Court in Abuja has dismissed the criminal case brought forward by the Nigeria Immigration Service’s against Seplat Energy and some of its officers. All named defendants were completely discharged by the court. On April 20, the Nigerian Immigration Service (RNS Number : 9385W) withdrew the charge related to Mr. Roger Brown’s immigration […]
Twitter Strips Free Verified Accounts Of Blue Tick, As It Affects Tinubu, Atiku, Peter Obi, Kwankwaso, Others
The president-elect and party leader of the All Progressives Congress, Bola Tinubu, as well as the Peoples Democratic Party (PDP), Atiku Abubakar, Peter Obi of Labour Party (LP) and and Rabiu Kwankwaso of the New Nigeria Peoples Party (NNPP) were all stripped of their verification badges by the microblogging platform Twitter on Thursday. In addition […]
Elon Musk Threatens To Sue Microsoft Over Twitter Data
Twitter boss Elon Musk has threatened to sue Microsoft as he accused the technology giant of using data from his social media company without permission. “They trained illegally using Twitter data. Lawsuit time,” the multi-billionaire said in a tweet. Mr Musk was responding to Microsoft’s plan to remove Twitter from its corporate advertising platform. He did […]
Peak Milk Takes Down Insensitive Easter Advert Apologises To CAN
The management of FrieslandCampina WAMCO Nigeria Plc, the manufacturer of Peak Milk, has apologised to the Christian Association of Nigeria (CAN) and Christians for their insensitive Easter advertisement, which used the crucifixion of Jesus Christ as a metaphor to promote their product on Good Friday, and has stated that the social media advertisement has been […]
