Nigerian carrier Dana Air has added a Boeing 737-700 aircraft to its fleet to operate its “early bird” flights between Lagos and Abuja. The airline’s Media and Communications Manager, Mr Kingsley Ezenwa, who confirmed the development on Tuesday in Lagos, said its “early bird’’ flights from Abuja to Lagos would commence on Sept. 10. “We […]
Sprint king Usain Bolt fulfilled a boyhood dream Friday in making his much-anticipated football debut, exciting fans but tiring quickly in a 20-minute cameo for Australia’s Central Coast Mariners. The Jamaican superstar, a huge Manchester United fan, has been handed a chance to train with the A-League side for an indefinite period in a bid […]
After seeing gains for most of the week, crude oil futures were softening during Friday morning trading in Europe amid heightened global trade tensions. At 1115 GMT, in its last day of trading the October ICE Brent crude contract was down 33 cents from Thursday’s settle at $77.44/b, while the NYMEX October light sweet crude […]
OPEC oil output has risen this month to a 2018 high as Libyan production recovered and Iraq’s southern exports hit a record, a Reuters survey found, although a cut in Iranian shipments due to U.S. sanctions limited the increase. The 15-member Organization of the Petroleum Exporting Countries has pumped 32.79 million barrels per day in […]
The Standards Organisation of Nigeria (SON), has warned importers of school uniform materials into Nigeria about some cancer-causing substances found in some school uniform materials made by two China based companies. A statement issued by the Director-General of SON, Mr Osita Aboloma on Friday in Abuja, named the companies producing the materials as Sing Shun […]
German Chancellor Angela Merkel is in Nigeria for the last leg of her West African tour, which has already taken her to Senegal and Ghana. The trip aims to increase economic relations between West Africa and Germany, as well as work towards reducing the flow of migrants from the region to Europe. During her meeting […]
The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Thursday pledged to work with the Nigerian National Petroleum Corporation (NNPC) to curb pipeline vandalism. Alhaji Ayo Alanamu, the IPMAN Chairman in Ejigbo Satellite Depot, gave the assurance in an interview with the News Agency of Nigeria (NAN) in Lagos against the backdrop of frequent pipeline […]
MTN Group said on Thursday its Ghana unit raised 1.14 billion cedis ($238.5 million) in the largest initial public offering in the West African country, but failed to reach its target. Telecoms operator MTN had hoped to raise 3.47 billion cedis from selling about 4.63 billion shares representing up to 35 percent of the issued […]
Nigeria’s Access Bank expects the country’s banking industry to hold its regular committee meeting soon to discuss South African telecoms firm MTN’s repayment of $8.1 billion, on the orders of the central bank. Access Bank Chief Executive Herbert Wigwe said the bank has a minor holding at MTN group level but was not exposed to […]
Crude oil futures moved up Thursday morning, as the market focused on the bullish news of a draw in US crude oil inventories reported by the Energy Information Administration (EIA) on Wednesday, while US domestic gasoline demand also provided some support, despite higher prices, analysts said. More globally, market participants continue to take a wait-and-see […]