Nigeria’s “underdog” football squad need to play together and not as individuals, captain John Mikel Obi said, with the team acknowledging they face a tough group stage at the World Cup in Russia next month. “We have to make sure we play together as a team which is the most important thing; no individual players,” […]
The nation’s crude oil exports have suffered another setback as Shell Petroleum Development Company of Nigeria Limited has shut down production following the discovery of leaks on a pipeline in Delta State. The Punch reports that SPDC said on Friday that it confirmed four leak points on its 24” Trans-Ramos Pipeline in the swamps of […]
The immediate post-recession period when the fundamentals of the economy are at the early stages of recovery is the best time to invest in Nigeria, the director general, National Bureau of Statistics (NBS), Yemi Kale, has said. Mr Kale, who was speaking at the “Direct Investors’ Summit Nigeria’ organised by the Nigerian Investment Promotion Commission […]
The United Nations Children’s Fund (UNICEF) has pledged its commitment to end violence against children in Nigeria, as the country joins the world to mark the 2018 Children’s Day. Mr Isiye Ndombi, UNICEF Deputy Representative in Nigeria, gave the assurance in an interview with the News Agency of Nigeria (NAN) in Abuja. Children’s Day is […]
The oil price will hover in the range of $65-75 by the end of this year, Russia’s Energy Minister Alexander Novak said in an interview aired by RBC business news channel at the St. Petersburg International Economic Forum. “The oil price was lower at the beginning of the year than today. I think the average […]
A steady course on U.S.-North Korean détente and word of more oil from OPEC members helped push crude oil prices down sharply in early Friday trading. U.S. President Donald Trump on Thursday cancelled a June summit with North Korean leader Kim Jong Un after Pyongyang made disparaging remarks about U.S. Vice President Mike Pence. That […]
Oil prices fell more than $2 per barrel on Friday as Saudi Arabia and Russia discussed easing production cuts that have helped push crude prices to their highest since 2014. Brent crude futures (LCOc1) fell $2.35, or 3 percent, to settle at $76.44 a barrel. The global benchmark lost about 2.7 percent this week, its […]
The World Bank will provide 19 West African countries $200 million in funding as part of the Off-Grid Electrification Project (Ropeg). Implemented by Cedeao’s Ecreae Center for Renewable Energy and Energy Efficiency, the initiative will enable the deployment of solar photovoltaic systems for households, utilities and production infrastructure. Its implementation will be in two phases […]
The Nigerian National Petroleum Corporation (NNPC) has tasked the Management of the IBB University for more collaboration on oil exploration in the Bida Basin, one of the seven inland basins in the country. Group Managing Director of the corporation, Dr. Maikanti Baru, gave the charge when he received in his office in Abuja the Chairman […]
The Nigerian Meteorological Agency (NiMet) has predicted cloudy morning weather conditions over the Central States of the country on Saturday with a prospect of isolated thunderstorms over Yola, Mambila Plateau, Abuja, Kaduna and Lafia. NiMet’s Weather Outlook by its Central Forecast Office in Abuja on Friday also predicted day and night temperatures in the range […]