Maiduguri, Nigeria – Attacks involving Boko Haram have displaced more than 1.8 million Nigerians in predominantly agricultural northeast Nigeria over the last 10 years. Due to the increase in violence, many small-scale farmers were forced to abandon their farms and agricultural activities. The subsequent fall in production, rocketing food prices, and lack of safe access […]
Differentials for Nigerian and Angolan crudes hovered unchanged on Wednesday, as a series of tenders kept buyers at bay. At least four tenders have been ongoing this week – from Taiwan and Thailand to India and South Africa – that have dampened activity in the market. Traders ringfence cargoes they want to offer in tender […]
Nigeria’s central bank said on Tuesday it had injected $210 million into the interbank foreign exchange market, as part of efforts to alleviate dollar shortages and boost liquidity. The bank said in an emailed statement it had released $100 million earmarked for the wholesale market, $55 million for small businesses and individuals, and $55 million […]
The Supreme Court on Tuesday backed President Donald Trump’s controversial travel ban, ruling the U.S. can prevent Muslims immigrants from entering the country. Trump’s effort to curtail immigration was dealt multiple judicial setback by federal appeals courts in Hawaii and Virginia, saying it is unconstitutional because it discriminates against Muslims. Hawaii alleged that the restriction […]
Nigeria switched to a 3-5-2 formation for the 2-0 win against Iceland, and could name an unchanged line-up. Captain John Obi Mikel fractured his hand in their last match and is likely to play wearing a protective cast. After using a 4-2-3-1 formation against Iceland and a 3-4-3 versus Croatia, Argentina are expected to change […]
Achilles the cat, who has correctly predicted the score of all three World Cup matches played so far in St Petersburg, tipped Nigeria to beat Argentina as the teams battle on Tuesday for a place in the soccer last 16. Achilles, who resides in the city’s Hermitage museum, was held aloft for photographers then placed […]
Oil fell on Monday as investors prepared for an extra 1 million barrels per day (bpd) of oil to hit markets after OPEC agreed to raise production and as U.S. equity markets slipped on trade war fears. Brent crude futures fell 82 cents, or 1.1 percent, to settle at $74.73 a barrel. U.S. light crude […]
Mr Bhanu Pathak, UNICEF Chief of Bauchi Field Office, gave the advice at the ongoing Mid-Year review meeting of the field office on Tuesday in Jos. The News Agency of Nigeria (NAN) reports that the Bauchi Field Office comprises of six states: Bauchi, Adamawa, Taraba, Jigawa, Gombe and Plateau. Pathak, who assumed office three months […]
Activities on the Nigerian Stock Exchange (NSE) on Monday reversed the six-consecutive days downward movement with important market indices appreciating by 0.34 per cent. The News Agency of Nigeria (NAN) reports that the All-Share Index rebounded by 129.59 points or 0.34 per cent to close at 37,992.12, against the 37,862.53 recorded on Friday. Similarly, the […]
Oil prices settled lower on Monday, with global benchmark Brent crude leading the decline, amid some uncertainty in the wake of an agreement by the Organization of the Petroleum Exporting Countries to ramp up production that was backed by nonmember Russia. August West Texas Intermediate crude on the New York Mercantile Exchange CLQ8, -0.77% gave […]