Oil prices fall as World Bank cuts economic growth outlook

president of  world bank, JIM YONG KIM

Crude oil futures fell on Thursday as the World Bank cut its global economic growth forecast, ending a two-day rally triggered by a sharp US inventory drawdown.
In its twice-yearly Global Economic Prospects report, the World Bank predicted the global economy would expand 2.8 per cent this year, below its 3 per cent outlook in January.
The World Bank predicted that India would record the biggest growth of major economies for the first time, ahead of slowing China.
Front-month Brent crude oil prices were down 11 cents to close at $65.59 a barrel while the US crude shed 25 cents to trade at $61.18 a barrel.

Death toll of ogogoro rises

The death toll of those who have died after consuming the locally brewed gin popularly known as Ogogoro or kai kai has increased to 68 across four local government areas of Rivers state on Thursday, following the death of two victims.

Buhari indeed belongs to somebody

President Muhammed Buhari

I belong to everybody. And I belong to nobody”- President Muhammed Buhari.

The above quotation is one the quotable quotes from the inaugural speech of President Muhammadu Buhari at the Eagle Square, Abuja during his swearing in. Since the quotation went viral, there have been several misconceptions or misinterpretation of the quotation. Precisely, many social commentators are still trying to decode its true meaning. If viewed from the context of trying to establish his independence in taking vital decisions in the proper administration of the country and not just trying to play politics with the destiny of the nation, Buhari may well be right.

Dealing with poverty in Nigeria

Government must, at all times, focus on the welfare of the people

Despite being rated as the biggest economy in Africa, Nigeria still ranks among the poorest nations in the world, essentially because the much-touted economic growth has not generated sufficient employment nor has it addressed the growing gap between the rich and the poor. That was the damning verdict of a recent report by the Inter-governmental Action Group Against Money Laundering in West Africa.

  What makes the report even more worrisome is that the prospects of turning around

NATIONAL:‘Why National Conference report must be implemented’

Dr. Rotimi Oladele was a member of the National Conference convened by the immediate past administration last year. In this interview with Musa Odoshimokhe, he highlights the importance of the outcome of the conference and why the present government should implement it. 
As a member of the National Conference, are you bothered about the fate of the conference recommendations?
My feeling is that the change that we are ultimately looking for as Nigerians has come, whether we

World Cup: Dede promises improved performance against Australia

PRECIOUS DEDE FALCONS GOALKEEPER

Super Falcons goalkeeper, Precious Dede, has reassured Nigerians that they would see improved defending from the team in Friday’s second group match against Australia.
The Falcons defence gave away two cheap goals in the game against Sweden, failing to deal decisively with most of the set pieces against the team, africanFootball.com reports.

Ibrahim Lamorde- EFCC-boss

The Economic and Financial Crimes Commission (EFCC) has invited ex-Governors Sule Lamido and Martin Elechi for questioning for alleged diversion of funds.

Lamido is to answer questions on alleged  money laundering. The allegations against Elechi border on mismanagement of the State/Local Government Joint Account.

Although Lamido’s invitation is dated June 9th, he is expected for quizzing on June 17th.

TUNISIA RESCUES 350 MIGRANTS HEADING TO ITALY

Tunisia’s navy rescued more than 350 illegal migrants off its coast and was searching for hundreds more on Wednesday after they tried to sail from neighbouring Libya to the Italian island of Lampedusa, the local Red Cross said.