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China Opens New £13.5bn ‘World Biggest’ Airport In Beijing [PHOTOS]

by Ikokwu Ikembaon September 27, 2019
…Designed To Handle 72million Passengers Each Year Chinese president Xi Jinping has presided over the inauguration of a second international airport for Beijing with a terminal billed as the world’s biggest. Beijing Daxing International Airport, built in less than five years for 120 billion yuan (£13.5 billion/$16.8 billion), is designed to handle 72 million passengers […]

BREAKING| [ $9.6bn judgment] UK court grants Nigeria’s leave to appeal

by Ikokwu Ikembaon September 26, 2019
A United Kingdom court on Thursday granted the Federal Government leave to appeal against the award and enforcement of the judgment that asked Process and Industrial Developments Limited to seize $9.6bn in Nigerian assets. Application for stay of execution is currently being considered. Details later…

Ughamadu Bows Out As NNPC’s Spokesman

by Ikokwu Ikembaon September 26, 2019
Accomplished journalist and economist, Mr. Ndu Ughamadu has left the services of the Nigerian National Petroleum Corporation (NNPC) as its official spokesperson after completing a three-year contract he signed with the corporation, THISDAY has learnt. Although the corporation has not officially announced Ughamadu’s departure, THISDAY however gathered that he left on Tuesday as the Group […]

African free trade crashes with Nigerian Seme border closure

by Ikokwu Ikembaon September 26, 2019
The Lagos Chamber of Commerce, Benin Republic, Niger Republic and Ghana are feeling the heat of Nigeria’s border closure with neighbouring countries. The border restrictions came after Nigeria and Benin agreed in July to join the African Continental Free Trade Area, which targets greater economic integration through the removal of trade barriers and tariffs on […]

Global oil Price Slumps to $61 after Unexpected Rise in Inventories

by Ikokwu Ikembaon September 26, 2019
Crude oil prices wednesday fell for third day on worries that fuel demand could fall after United States President, Donald Trump, doused recent optimism over China-US trade talks, at a time of rising US crude oil stockpiles. The price of the global benchmark crude was down $1.72 to $61.38 a barrel, erasing all gains made […]

CBN to defend reserves in wake of UK $9 billion court ruling

by Ikokwu Ikembaon September 25, 2019
Nigeria’s central bank will strive to protect the country’s currency reserves after a British court ruling granted a small natural gas firm the right to try to seize $9 billion in assets from Nigeria’s government, the bank’s head said on Monday. Such a sum would be one of the largest financial liabilities imposed on Nigeria […]