Nigeria Picks 12 Gold Medals at ITTF African Para Championships

By Adedapo Adesanya The Premier League has deducted 10 points from Everton after it found the club guilty of breaching Premier League financial fair play rules. The deduction is the biggest points deduction in the competition’s history and will see the Merseyside club drop 19th position, two points from safety. Everton, who had denied wrongdoing, believe a sporting punishment for an accountancy matter is disproportionate and inappropriate and have told the league they intend to appeal. Leeds, Leicester and Burnley have previously written to Everton’s prospective new owners, 777 Partners, warning they intended to sue for damages in the event

By Adedapo Adesanya The Federation of International Football Association (FIFA) has announced the trio of Morocco, Portugal and Spain as the joint host of the 2030 World Cup. It will be the second time the quadrennial tournament will be played on the African continent after South Africa hosted the 2010 edition but will be the first time it will take place in North Africa. The 2030 World Cup, which will mark 100 years since the first one was played in Uruguay, will involve teams playing in six countries, each of which will qualify automatically. The tournament has never been played

By Aduragbemi Omiyale An innovative initiative called Omo Adugbo, designed to tackle the high rate of unemployment among youths across Nigeria, has been introduced by a foremost bookmaker, BetWGB. This schemed, which is part of the company to bridge the youth unemployment gap in the country, involves the provision of an outlet in each local government across the country to serve as the organisation’s contact office within the local area. By establishing these outlets across the country, BetWGB Nigeria aims to impact positively on the local economy and bridge the unemployment gap that has affected many young Nigerians. With a

By Bliss Okperan Nigerian goal-poacher, who plies his football trade in Italy, Victor Osimhen, has expressed his frustration over the way his club, Napoli, treated his penalty miss over the weekend. The Italian club won a penalty in a match with Bologna on Sunday, but the striker could not put the ball in the back of the net, leaving his team with a goalless draw. On Tuesday, Napoli posted a video on its verified TikTok page. It was believed that the post was to mock the miss, sparking outrage from some fans, especially from Nigeria, the footballer’s home country. On

By Adedapo Adesanya Crude oil prices went in different directions on Friday amid profit-taking as markets weighed supply concerns from Russia’s fuel export ban against demand woes from future rate hikes. While the Brent futures lost 3 cents to close at $93.27 a barrel, the US West Texas Intermediate crude (WTI) futures rose by 40 cents to sell for $90.03 a barrel. However, both benchmarks closed downwards on a week-on-week basis, with Brent shedding 0.3 per cent, breaking a three-week streak of gains, and WTI sliding by 0.03 per cent for the week, the first decline in four weeks. Russia

By Dipo Olowookere There has been a sharp decline in the trade volume between Nigeria and South Korea in the past few months, the Asia country’s Deputy Minister for Multilateral and Global Affairs, Ambassador Jongmoon Choi, has said. The envoy expressed concern over this sharp decline, attributing it to investors’ loss of confidence following the revocation of the Korean National oil Company (KNOC) oil blocs, OPL 321 and 323. Ambassador Choi noted that Nigeria needs to resolve the KNOC’s oil blocs’ issues and urged the government to do this. During a meeting with officials of Nigeria in Abuja, the South

By Ahmed Rahma The importance of preparing for unprecedented situations cannot be overemphasized with the outbreak of COVID-19. In its quest to foster educational development, Stanbic IBTC Trustees Limited, a subsidiary of Stanbic IBTC Holdings Plc, created the Stanbic IBTC Education Trust (SET) scheme. SET is a convenient and flexible investment plan with long term benefits, designed to support parents and guardians as they strive to provide quality education for their children and wards. This investment plan helps parents and guardians prepare for rainy days to ensure their children and wards have access to excellent learning. Parents and guardians are

TU experts suggest that over 300,000 traders exist in Nigeria, making it the second-largest in Forex trading growth on the continent, only after South Africa. Many Nigerians are drawn to Forex trading due to its potential for both experienced and new traders to earn money. The trading industry is regulated by the Central Bank of Nigeria. However, just like in any country, there is a risk of falling prey to scams and losing money. In this content, Traders Union analysts will share a fake Forex brokers list in Nigeria and discuss how to differentiate between fake brokers and legitimate companies.

By Adedapo Adesanya Oil benchmarks jumped 6 per cent on Monday as the Organisation of the Petroleum Exporting Countries and its allies (OPEC+) surprised the markets with plans to cut more production. Brent crude settled higher by $5.04 or 6.3 per cent at $84.93 per barrel, while the US West Texas Intermediate (WTI) crude went up by $4.75 or 6.3 per cent to trade at $80.42 per barrel. On Sunday, OPEC+ members, led by Saudi Arabia and other major Middle Eastern producers, announced a fresh combined cut of 1.16 million barrels per day until the end of this year. The

By Adedapo Adesanya Global streaming service, Amazon’s Prime Video, has increased its investment in Nigeria with customers now able to sign up for the streaming service in the local currency, Nigerian Naira, a move that will see it compete with Netflix and other competitors in the Nigerian market. The news comes as Prime Video’s first local marketing campaign for Nigeria launches with the announcement of two Local Amazon Originals for Nigerian customers, Gangs of Lagos and LOL: Last One Laughing Naija. In a release, it said for N2,300 per month, customers in Nigeria can sign up for a Prime Video

By Dipo Olowookere The 2017 edition of the Africa Energy Forum (AEF) has been slated to hold in June at Bella Center, Copenhagen in Denmark. The event will take place from June 7 to 9, 2017 with about 2,000 decision-makers in the Africa’s energy sector are expected to attend. AEF is the annual meeting point for Africa’s energy sector for decision-makers to explore investment opportunities, form partnerships and sign deals. Already, the Democratic Republic of Congo (DRC), Botswana, Burkina Faso, Ethiopia, Gabon, Madagascar, Morocco, Rwanda and Zimbabwe have confirmed to attend the event. Minister of Energy and Hydraulic Resources in

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange was in positive territory for the fourth straight week as it rose by 0.55 per cent in Week 11. This boosted the portfolios of NASD investors by N5.29 billion as the market capitalisation of the bourse closed at N961.12 billion compared with the preceding week’s N955.83 billion. Equally, the NASD Unlisted Securities Index (NSI) increased in the five-day trading week by 4.42 points to wrap up at 731.44 points compared with 727.42 points recorded in the previous week. In the week, there was a 58.7 per cent increase in the total