US IMPORT OF NIGERIAN OIL HITS FIVE-YEAR HIGH
The import of Nigerian crude oil by the United States rose by 48 per cent to 112.92 million barrels last year, the highest annual level in five years.
The latest data from the US Energy Information Administration seen by our correspondent on Friday showed that the country imported 75.81 million barrels of Nigerian oil in 2016, up from 19.86 million barrels in 2015.
Read more……https://newsbreakers.ng/us-import-of-nigerian-oil-hits-five-year-high/



BANKS, TECH FIRMS COMBAT N2.19BN E-FRAUD WITH CYBER-INSURANCE
Exposure to cyber-attacks in the financial services sector is creating a growing demand for cyber-insurance, IFE OGUNFUWA writes.
Banks and financial technology firms are beginning to see the need to explore cyber-insurance as a means of alleviating the impact of electronic payment fraud in the country.
Read more…https://newsbreakers.ng/banks-tech-firms-combat-n2-19bn-e-fraud-with-cyber-insurance/



UNIONS THREATEN STRIKE OVER NIGERIA AIRWAYS WORKERS’ BENEFITS
Aviation unions have threatened to begin a nationwide strike in the next 14 days following the failure of the Federal Government to pay the N45bn severance package of former workers of the liquidated Nigeria Airways Limited.
The National Association of Aircraft Pilots and Engineers, National Union of Air Transport Employees and the Air Transport Senior Staff Services Association of Nigeria stated that it was insensitive of the Ministry of Finance to refuse to pay the workers more than 10 months after the approval of the Federal Executive Council.
Read more……https://newsbreakers.ng/unions-threaten-strike-over-nigeria-airways-workers-benefits/



WHY NIGERIA MAY MISS TARGETS FOR OIL RESERVES
A 10-year target set by the Federal Government to boost crude oil reserves to 40 billion barrels and daily production to four million by 2020 is becoming unrealistic due to uncertainties that decrease investments in the sector.
Indeed, instead of making progress, the country may be taking steps backward, going by statistics from the Department of Petroleum Resources (DPR), which indicate that the reserves declined by whopping 961.47 million barrels between 2012 and 2016 alone.
Read more…..https://newsbreakers.ng/why-nigeria-may-miss-targets-for-oil-reserves/





TOKYO, HONG KONG BOUNCE BACK IN MIXED DAY FOR ASIA MARKETS
Tokyo and Hong Kong recovered from early losses on a mixed day for Asian markets but traders remain on edge over Donald Trump’s controversial tariffs, which had fanned fears of a trade war that could hammer the global economy.
The US move to impose $60 billion in levies on China — claiming the country is breaching intellectual property rights — sparked a rout of equities across the world, while Beijing warned it was “not afraid of a trade war”.
Read more……https://newsbreakers.ng/tokyo-hong-kong-bounce-back-in-mixed-day-for-asia-markets/