West African crude cargoes were slow to move on Tuesday as differentials remained high amid plentiful supply of both Nigerian and Angolan grades, trading sources said. Traders said buyers still considered prices as too expensive amid a flood of U.S. crude grades coming towards refining systems of oil majors and Chinese refineries. In Angolan grades, […]
Month: June 2018
Peugeot to start Nigeria assembly plant by Q1 -local partner
PSA Peugeot Citroen plans to start assembling cars in Nigeria by first quarter of 2019, via a joint venture with Africa’s richest man Aliko Dangote and five state governments, one of the local partners told Reuters. The joint venture, Peugeot Automobile Nigeria (PAN) Ltd, will assemble 3,500 units in its first year and ramp up […]
UN Warns United States to Stop Detaining Migrants, Separating Children
The United Nations called on the United States on Tuesday to stop detaining irregular migrant families and separating children on its frontier with Mexico, saying this broke the law. Several hundred children crossing the southern U.S. border have been held in custody since October 2017 following an executive order issued by President Donald Trump when […]
Top 25 players that won’t play in Russia 2018 World Cup
The 2018 World Cup is just around the corner. And perhaps more so than any previous edition of soccer’s banner event, its absentee list is loaded. One of the many offshoots of high-profile qualification failures – such as those of Italy, the Netherlands, Chile and the United States – is a star-studded group of player […]
Even England players want Nigeria Jersey as it goes Scarce
It seems Nigeria’s 2018 World Cup kit is not only a hit among fans – opposition players are also lining up to get their hands on the jersey. The Super Eagles wore the new Nike kit in Saturday’s 2-1 defeat to England at Wembley Stadium, and a Nigeria team official told KweséESPN that several Three […]
Oil falls 2 percent, U.S. crude hits lowest since early April
Oil prices fell about 2 percent on Monday, with U.S. crude touching its lowest level in nearly two months, breaking below technical support levels as investors kept selling amid growing U.S. production, possible global supply growth and nagging trade tensions. Brent crude futures (LCOc1) lost $1.50 a barrel, or 2 percent, to settle at $75.29 […]
Shell Says Nigeria Attacks Persist Even As Oil Output Recovers
In the African country of Nigeria, oil wells may be flowing again, but the country’s largest operator says attacks continue to put a brake on output. “Security in parts of the Niger delta remains a major concern with persisting incidents of criminality, kidnapping and vandalism as well as onshore and offshore piracy,” said Igo Weli, […]
ILO Convention: NIMASA DG highlights importance of human factor to Shipping
…Charges members to Consider Geopolitical peculiarities in Reviewing Labour Convention By Foster Obi Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has stressed the importance of human factor to successful shipping, stating that it is one of the most important elements in achieving competitive edge and safety in the […]
Did England defeat expose an unexpected Nigeria weakness?
Nigeria’s World Cup preparation has largely been serene, with the Super Eagles camp – and supporters – filled with optimism ahead of their sixth appearance at the Mundial. Admittedly, there are some concerns, with the identity of the goalkeeper and the starting centre-forward the subjects of considerable debate before the tournament. Similarly, there are doubts […]
Nigeria World Cup Jersey sells out in minutes as fakes flood Lagos markets
It’s the World Cup’s most anticipated football kit. The queues snaked down London’s Regent’s Street on Friday as Nigeria fans waited to get their hands on the jersey. Some of the fans queued outside Nike’s flagship store for several hours in the morning to get into the store. Since Nike unveiled its streetwise design for […]