Nigeria’s south-eastern Anambra State has announced that a bunker used by pro-Biafran secessionist leader Chukwuemeka Ojukwu during the civil war in the 1960s will be turned into a tourist site. Caves and waterfalls in the state would also be turned into major tourist sites. “These tourist centers will receive immediate attention with the construction of […]
British Airways has launched its latest flash sale, this time for luxury holidays including Club Europe and Club World flights. Packages must be booked before midnight on April 16, for travel until March 31, 2019 for Club Europe destinations, and various travel dates into early 2019 for Club World holidays. Example offers include return Club […]
Shares in Nigerian oil company Oando surged 10 percent on resuming trade in Lagos on Thursday after the regulator lifted a suspension. Oando shares jumped to 6.60 naira immediately after the stock market opened after closing at 6.30 naira on Wednesday. The shares traded only briefly on Wednesday after being suspended for six months on […]
Annual inflation in Nigeria stood at 13.34 percent in March, its lowest level in two years and its 14th straight drop in as many months, the National Bureau of Statistics said on Thursday. It dipped from 14.33 percent in February. A separate food price index showed inflation was trimmed to 16.08 percent in March, from […]
Nigeria’s decades-old program to boost wheat production and reduce imports worth more than $4 billion a year has faltered with farmers cutting output because of soaring input costs, leaving foreign suppliers to meet rising domestic demand, officials and farmers’ groups said. The latest harvest is coming in slowly and output will drop in the current […]
Crude oil prices rose more than two percent on Wednesday, climbing to the highest point since December 2014. The threat of a conflict between the US and Syria helped push prices higher despite EIA oil inventories increasing by the most since early March. Meanwhile, gold prices also rallied. However, some of the gains in the […]
The Nigerian Electricity Regulatory Commission (NERC) has written to the Vice President, Prof. Yemi Osinbajo, to express its worries about the Gas Sales Agreement (GSA) the Niger Delta Power Holding Company (NDPHC) signed with a private gas firm, Accugas Limited for the supply of gas to its 562 megawatts (MW) Calabar power plant, and which […]
The Federal Executive Council (FEC) meeting presided over by Vice President Yemi Osinbajo has approved the dredging of the Warri- Escravos seaport for N13 billion. The Minister of Transportation, Mr Rotimi Amaechi, said after the meeting that the approval followed the presentation of the proposal early in the meeting by the Managing Director of the […]
A Nigerian man was arrested for alleged possession of $400,000 counterfeit bills, Nigeria’s anti-corruption agency said Tuesday. Samson Otuedon confessed he operated a syndicate that used fake dollar bills to scam unsuspecting clients, Wilson Uwujaren, a spokesman for the Nigeria’s Economic and Financial Crimes Commission (EFCC) said in a statement. An investigation was launched into […]
Nigeria’s bourse lifted a suspension on the trading of shares in oil company Oando on Wednesday, following a directive from the Securities and Exchange Commission (SEC), the stock exchange said. Trading on Oando shares had been frozen for six months on the Lagos stock exchanges after the regulator ordered the suspension to probe alleged insider […]