American Airlines warned airline passengers may eventually face higher ticket prices if oil prices remain high, prompting carriers to remove seats from the market. Oil prices have risen around 50percent compared to the levels seen last year, and that is putting pressure on airline profits. “If it becomes clear this is the new normal, you […]
Nigerian crude cargoes found little buying interest on Monday, as differentials remained too high relative to the amount of oil available, trading sources said. NIGERIA * Just a handful of cargoes of June Nigerian cargoes were still up for sale, but the July programme was proving slow to move, trading sources said. * Differentials for […]
The International Organisation for Migration (IOM) on Monday said over 110 people could have died when a migrant boat sank off the Tunisian coast at the weekend. “In addition to 48 bodies which have already been found, there are maybe more than 64 missing,’’ Flavio Di Giacomo, a spokesman for the IOM, said. Di Giacomo […]
The new excise duty for alcoholic beverages and cigarette earlier approved by President Muhammadu Buhari will take effect from today, finance minister, Kemi Adeosun said. Under the new rates for tobacco, each stick of cigarette will attract one naira specific rate per stick; that is N20 per pack of 20 sticks in 2018. In 2019, […]
Russian police say former Nigeria striker Nwankwo Kanu had $11,000 stolen from his luggage when he flew in for the World Cup. State news agency Tass reports that Kanu flew in from London through Moscow and on to Kaliningrad, where Nigeria plays Croatia in its opening World Cup match on June 16. When he arrived, […]
The Super Eagles arrived in Vienna, Austria on Sunday to put finishing touches to their preparations for the 2018 FIFA World Cup holding in Russia from June 14. The News Agency of Nigeria (NAN) reports that the team’s arrival was confirmed in a 44-second video posted on the Nigeria Football Federation (NFF) verified Twitter handle […]
Senate President, Dr. Abubakar Bukola Saraki, has urged Nigerians to disregard the allegation by the police linking him with the 5 April robbery in Offa, Kwara state. Saraki, in a statement by his media adviser,Yusuph Olaniyonu, described the allegation as baseless and another ploy by the Police to implicate him by all means. “Let it […]
Cattle thieves have killed more than 20 people in Nigeria’s northern state of Zamfara, officials say. The thieves arrived in the village of Zanoka on motorbikes, shooting at people and setting fire to their homes. Clashes between vigilantes and cattle rustlers in Zamfara have intensified in recent months. Violence related to cattle has been going […]
Oil prices collapsed at the start of this week, with WTI and Brent dropping 5.5 percent and 7.5 percent respectively from their three and a half year peaks. This recent price slump serves as a timely reminder for market observers and players alike that, while a heightened geopolitical risk premium and declining inventories have boosted […]
A horrific first half performance followed by a thrilling second 45 showed the two sides of Gernot Rohr’s young Super Eagles as they lost 2-1 to England at Wembley on Saturday night. Abysmal displays all over the pitch, including Rohr’s choice of tactics, left Nigeria exposed time and time again in the first half. However, […]