World News
Russia-Ukraine war: Oil prices jump to highest point since mid-2008
Oil prices jumped on Sunday to their highest point since mid-2008, as the global market continued to suffer the consequences of Russia-Ukraine war.
The cost of Brent crude – considered the international benchmark – rose more than 9 per cent to a little more than $129 (£98) in the first few minutes of trade on Sunday, according to various reports. Meanwhile, West Texas Intermediate (WTI) crude rose 9.4 per cent to $126.51.
Both hit their highest values back in July 2008 when Brent shot up to $147.50 a barrel and WTI, $147.27.
The figures came after Antony Blinken, the US secretary of state, said the Biden administration and its European allies were exploring the option of banning Russian oil as a way to further sanction Vladimir Putin over his decision to invade Ukraine.
Meanwhile, the UK may move this week to ratchet up sanctions on Russia’s oil and gas industries – as reported by The Independent this week – as part of efforts to isolate Putin’s regime globally, Independent reports.
NLC gives breakdown of N615,000 minimum wage
Only one million of 3.6 million applicants will get N50,000 grant — Nigerian govt
President Tinubu makes new appointments
Many killed as herdsmen launch fresh attack on Agatu
Senator Abba Moro calls for immediate end to killings in Benue South
Yahaya Bello loses as Court of Appeal overturns High Court order against EFCC
Federal High Court halts implementation of new electricity tariff
Provost FCE, Odugbo, Joel Eriba receives award from NANCES
Nigerian Army begins recruitment exercise [How to apply]
Naija News: Top Nigerian Newspaper Headlines For Today, Friday, 3rd May, 2024
Euro To Naira Black Market Exchange Rate For Today May 3, 2024
