US Economy Archives

Heifer International Offers Young Agritech Innovators Chance for New Investment and Mentoring With US$ 20000 Cash prize for Startups

by Olusegun Edwards
0 Comments

Heifer International’s AYuTe Africa Challenge has launched a new national competition, offering young entrepreneurs in Nigeria the opportunity to pitch for investment in their agritech solutions to boost the incomes and productivity of Africa’s smallholder farmers. “This competition provides an opportunity for young innovators in Nigeria to secure the funding and visibility they need to […]

Biden Says U.S.-Africa Summit To Hold Mid-December

by Olusegun Edwards
0 Comments

President Joe Biden has announced that the United States will bring together leaders from across the African continent for a major summit in December in Washington to discuss pressing challenges from food security to climate change. “The summit will demonstrate the United States’ enduring commitment to Africa, and will underscore the importance of U.S.-Africa relations […]

Attack On Saudi Crude Terminal Raises Oil Above $71

by Olusegun Edwards
0 Comments

Oil price continued its rally Monday after Saudi Arabia said one of its largest and most protected crude facilities came under missile attack, with Brent Crude surging above $71. However, output appeared to be unaffected after the missiles and drones were intercepted as futures in London jumped as much as 2.9 per cent after rising […]

At FCMB Forum, Women Tasked on Business Development

by Olusegun Edwards
0 Comments

Nigeria Women have been urged to play a more active and frontal role to stimulate the growth of businesses and overall development. The advice was given by the President and Chief Executive Officer, Global Fund for Women (GFW), Ms. Latanya Mapp Frett, who was the Special Guest Speaker at the fourth edition of the Women […]

U.S. formally notifies UN, Congress over intention to exit WHO

by Olusegun Edwards
0 Comments

The United States President, Donald Trump has formally notified the United Nations (UN) and Congress of his country’s withdrawal from the World Health Organisation (WHO), effective July 6, 2021. UN spokesman, Mr Stéphane Dujarric, confirmed to newsmen in New York on Tuesday that the secretariat had received the U.S.’ withdrawal letter. Dujarric said withdrawal conditions […]

PepsiCo Annouces Segun Agbaje as Board Member

by Olusegun Edwards
0 Comments

PepsiCo, Inc. has announced that its Board of Directors has elected Segun Agbaje, Managing Director and Chief Executive Officer of Guaranty Trust Bank Plc, as an independent member of its Board. In a statement Wednesday, PepsiCo said Agbaje, 56, will join the Board and the Audit Committee effective July 15, 2020. “I am delighted to […]

Armed group blocks key Libya oil field for a week

277,040 barrels of crude oil lost via illegal oil bunkering

by Bukky Alaba
0 Comments

The Nigerian Navy, said that the nation lost over a whopping 277,040, barrels of crude oil through illegal oil bunkering activities in 2019. This was as the nation also lost about 223.1million liters of Automated Gasoline Oil(AGO), and 1.2million liters of Dual Purpose Kerosene(DPK), at the same time. Chief of Training And Operations (COPP), Rear […]

U.S. cuts crude oil imports from Nigeria by 62 pct

by Funmi Johnson
0 Comments

The United States cut its crude oil imports from Nigeria by 62.08 per cent to 3.92 million barrels in March, the lowest monthly level since February 2016. The latest data from the US Energy Information Administration seen by our correspondent on Friday showed that the country imported 10.03 million barrels and 10.34 million barrels in […]

Wells Fargo to pay $1B for mortgage, auto lending abuses

by NEWS AGENCIES
0 Comments

Wells Fargo will pay $1 billion to federal regulators to settle charges tied to its mortgage and auto lending business, the latest chapter in a wide-ranging scandal at the banking giant. However, it appears that none of the $1 billion will go directly the victims of Wells Fargo’s abuses. Wells will pay $500 million to […]

US businesses add a healthy 241,000 jobs in March: survey

by AP
0 Comments

U.S. companies hired 241,000 new workers in March, a solid total that suggests the already-low unemployment rate may be headed lower in the coming months. Payroll processor ADP says the gains were strong across different industries, with construction, manufacturing and professional services such as accounting showing healthy gains. The figures come two days before the […]

Human rights lawyers link stolen Nigeria crude to Philadelphia, USA

by Okechukwu Agbo
0 Comments

Human rights lawyer and Senior Advocate of Nigeria (SAN), Femi Falana, yesterday revealed one of the destinations where stolen crude oil from Nigeria was taken to without the knowledge of the Federal Government. Through the efforts of a group of lawyers of like mind, Falana said that some ships that carried stolen crude from Nigerian […]

world news, trump, u.s., business news, stock market, entertainment news, business news, company news, market, commodities, commodity, Africa news

ANALYSIS-Trump ‘energy dominance’ policy pits Washington against Moscow

by Reuters
0 Comments

Last July, U.S. President Donald Trump stood beside his Polish counterpart, Andrzej Duda, in Warsaw and promised to help wean the nation off Russian energy imports. He offered U.S. fuel as an alternative, “so that you can never be held hostage to a single supplier.” Trump was tapping into longstanding European concerns about Russia’s ability […]