Up to 150 people may have drowned in a shipwreck off the coast of Libya, the UN refugee agency says. A further 150 people were rescued by fishermen and returned to Libya by coastguards, the UNHCR said. It is not clear if the migrants were on one or two boats that left the Libyan town […]
Author: Isaac Umunna
Oil price outlook supporting Nigeria’s growth, says IMF
The International Monetary Fund (IMF) has said that despite its reversal of Nigeria’s growth forecast, a positive oil price outlook will support the country’s challenging economy in 2019. The development is still reaffirming Nigeria’s dependence on the performance of hydrocarbon, despite seeming an improvement in non-oil exports and acclaimed diversification efforts. The global institution, in […]
Labour threatens of looming national strike over minimum wage
Leaders of Nigeria Labour Congress, NLC, and its Trade Union Congress of Nigeria, TUC, counterpart, have written to the Secretary to the Government of Federation, SGF, Mr. Boss Mustapha, expressing displeasure over the stalemate in the negotiation on the consequential adjustment of salaries arising from the N30, 000 new minimum wage. Recall that the meeting […]
AMCON lists Ministers, lawmakers among N5tn chronic debtors
The Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria, Ahmed Kuru, said the chronic debtors of the corporation were occupying top government positions. He also said that the corporation was working with other agencies such as the Economic and Financial Crimes Commission, the Independent Corrupt Practices and other Related Offences Commission, and the Nigeria […]
Nigeria now 33rd on FIFA ranking
Nigeria’s Super Eagles have moved up 12 spots in the July FIFA ranking, to place 33rd in the world after winning bronze at the just-concluded Africa Cup of Nations tournament. In the ranking table released by the world football governing body on Thursday, Nigeria garnered 1, 481 points as against 1, 433 it had in […]
China exports petrol to Mexico, Nigeria amid overflowing output
China will ramp up gasoline exports in July and August to near record levels with cargoes moving to Mexico and Nigeria as refiners seek outlets for their fuel amid a wave of new production and slowing domestic demand. The surge in Chinese shipments will fill a supply gap caused by refinery outages in the United […]
Google goes Nigerian with local accent, ‘informal’ transit routes
Commuters making their way through Nigeria can now hear travel advice in a local voice on Google Maps under new features aimed at attracting more users in Africa that were unveiled by the company on Wednesday. The local accents feature, unveiled at an event in the commercial capital Lagos and also available on Google Assistant, […]
Global oil market in glut, but not a big enough one for OPEC
OPEC has shifted the goalposts for assessing an overhang in oil inventories, giving the group more room to prolong production cuts, while analysts warn the move will offer a distorted view of market conditions. Ever since the Organization of the Petroleum Exporting Countries and allies led by Russia – a grouping known as OPEC+ – […]
UK Supreme Court to hear Nigerians’ case for pursuing Shell spill claim in England
The Supreme Court in London will hear an appeal by Nigerian farmers and fishermen to pursue claims in England against oil major Shell over oil spills in the Niger Delta, lawyers for the two affected communities said on Wednesday. The decision to hear the appeal re-opens the possibility for British multinationals to be held liable […]
Counterfeit phones take over Nigerian market
The menace of counterfeit phones and other devices may remain in Nigeria unless drastic actions are deployed by the Federal Government. Stakeholders urged the government to become more combative rather than being re-active in the fight against the menace in the country, which they claimed is robbing the economy significantly. Already, the Mobile Manufacturers Forum […]