Crude Oil Prices Rise Amid Tight Gasoline Market, Possible Output Cut

By Aduragbemi Omiyale The Vice President, Mr Kashim Shettima, has said Nigeria is in dire need of foreign direct investment (FDI) more than ever before, tasking domestic and foreign investors to make Nigeria their investment hub because efforts are being made to formulate business-friendly policies. Mr Shettima, while speaking when he hosted the management of First Surat Group, as well as top management of MTN Nigeria at the presidential villa in Abuja, charged MTN Nigeria to facilitate and spearhead digital mobile money and digital education. He assured that President Bola Tinubu was willing to partner with various stakeholders in the

By Adedapo Adesanya The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Mr Taiwo Oyedele, has cleared the air regarding recent reports on the transfer of funds to the Joint Tax Board (JTB) by the Federal Inland Revenue Service (FIRS) under the erstwhile chairman, Mr Muhammad Nami, for the tax reform committee. In a statement on Friday, he revealed that N5 billion was paid to the board to fund activities of the team set up by President Bola Tinubu, noting that “The committee’s budget includes provisions for a national Data for Tax project which the JTB had been

By Adedapo Adesanya The oil market retreated on Thursday, as traders took profits after prices soared recently while the space worried that high interest rates may weigh on demand. During the trading session, Brent futures fell by $1.17 or 1.2 per cent to settle at $95.38 a barrel and the US West Texas Intermediate crude (WTI) declined by $1.97 or 2.1 per cent to close at $91.71 per barrel. The market had reached a 10-month high as some traders worried high oil prices would stoke inflation, encouraging the US Federal Reserve and other central banks to persist with rate hikes.

Data analytics is transforming football predictions as tools and techniques are consistently being designed to enhance accuracy and precision in football betting. In this article, we uncover the huge impact of data analytics in football betting. The Power of Data in Football Predictions In football betting, data analytics is used to collect, analyse, and interpret data to make informed predictions. This includes several metrics, such as player stats, team performance, head-to-head results, and external factors like injuries, fatigue, and weather conditions. Data analytics in football predictions is useful in the following ways:  Transforming Raw Data to Useful Piece of Information

By Dipo Olowookere A former executive director of the defunct Skye Bank Plc, Mrs Ibiye Asime Ekong, has been appointed to the board of Wema Bank Plc. The operating licence of Skye Bank was revoked by the Central Bank of Nigeria (CBN) and then nationalised to Polaris Bank. Mrs Ekong served on the board of the financial institution until she retired. But Wema Bank intends to tap into the over 28 years’ experience of the financial professional, who is an expert in accounting and banking and finance with a passionate bias for retail banking. A statement issued by Wema Bank

Organisers of the fast-growing consultative event brand, Policy Implementation Assisted Forum (PIAFo), have dedicated the event’s next edition to robust engagement on the pending amendment bill of the National Information Technology Development Agency Act, NITDA Bill 2021. The event, now in its fifth edition, is slated for Thursday, April 13, 2023, at The Colossus Lagos, 4 Sheraton Link Rd, Maryland, Lagos, with the theme: “NITDA BILL: Towards the Sustainability of Nigeria’s Digital Economy Drive”. The National Information Technology Development Agency was established in 2007 by the NITDA Act, while the NITDA Bill 2021, now pending at the National Assembly, seeks

By Olutayo Irantiola We woke up on Friday, April 12, 2019 when a Federal Road Safety Commission (FRSC) van was said to be involved in a Road Traffic Accident (RTA). I was awestruck at the various ways in which our lives have become trivialized as those who should reduce road carnages are the ones leading commuters to their early graves because of their ego that took over reasoning in an attempt to arrest an erring driver. The accident has brought up the memory of the various social media posts aimed at hoodwinking these safety officers. One of such pictures showed

By Modupe Gbadeyanka The Nigerian National Petroleum Corporation (NNPC) and a Danish firm, Unibio A/S Limited, have concluded plans to begin a Joint Venture Company, which would be involved in the production of animal feeds from Nigeria’s abundant natural gas resources through conversion of methane gas into protein and has no negative impact for human consumption. It was gathered that the Danish Government would guarantee a 10 percent equity financing of the firm. The animal feeds industry in Nigeria accounts for N800 billion annually. NNPC Group Managing Director, Dr. Maikanti Baru, who made this known on Wednesday in Abuja when

To acknowledge entrepreneurship and individuals advancing the frontiers across the world, August 21 is celebrated as ‘World Entrepreneurs Day’ every year. This year’s celebration, which took place on Monday, has once again re-echoed the essence of the pivotal role entrepreneurship and industrialisation play as epicentres of human and societal development of any nation, thereby validating the vision of Rite Foods in its quest to democratise a holistic economic revolution from agriculture to industrialisation and urbanisation. According to research, entrepreneurship across developed economies and developing one’s account for 80% of any society’s overall employment and urbanisation development, thereby making them critical

By Investors Hub European stocks are holding steady in cautious trading on Monday amid reports the European Union is considering hitting U.S. goods with retaliatory tariffs to the tune of 10.2 billion euros ($11.5 billion), escalating a tariff war over disputed aviation subsidies. While the U.K.?s FTSE 100 Index is down by 0.1 percent, the French CAC 40 Index and the German DAX Index are both up by 0.1 percent. Banks have rallied ahead of the release of quarterly results from a number of big U.S. banks this week. IG Group Holdings has also moved sharply higher. The multi-platform trading

By Dipo Olowookere Two new deputy managing directors have been appointed for the Nigerian and African arms of United Bank for Africa (UBA) Plc. The appointees are Mr Ayoku Liadi and Mr Oliver Alawuba, who will serve as DMD UBA Nigeria and DMD UBA Africa respectively. They will both be reporting to the Group CEO of UBA, Mr Kennedy Uzoka, a statement from the leading pan-African financial services group said. Mr Ayo Liadi joined the UBA Group in 2014 and was appointed the Executive Director of Lagos and West bank in Nigeria, two years later. He is widely recognised for