OPEC’s crude oil production jumped by 340,000 bpd in July from June, as the cartel’s leader Saudi Arabia pumped near-record volumes and the close Saudi allies in the Gulf boosted production to their largest in a year and a half, the latest monthly S&P Global Platts survey showed on Friday. Last month, OPEC produced an […]
The development, deployment and transfer of locally relevant climate technologies remain the best solution to climate change challenges, the Acting President, Prof. Yemi Osinbajo, has said. The Office of the Vice-President said Osinbajo made the statement on Friday at the inauguration of the Nigeria Climate Innovation Centre (NCIC) situated at the Enterprise Development Centre of […]
Caster Semenya won the women’s 400 metres in a South African record time of 49.96 seconds, while Nijel Amos of Botswana retained his 800m title by beating Kenya’s Emmanuel Korir at the African Championships on Friday. Semenya, the Olympic and world 800m champion, clipped 0.09 seconds off the 18-year-old national record. She now holds the […]
The price movement table at the Nigerian Stock Exchange (NSE) on Friday indicated that Okomu Oil topped the losers’ chart, dropping by N5 to close at N76 per share. The News Agency of Nigeria (NAN) reports that Dangote Cement depreciated by N1 to close at N229, while Cadbury dropped by 95k to close at N9.75 […]
Nigeria’s current power generation has reached 7000 Mega Watts, the Minister of Power, Works and Housing, Mr Babatunde Fashola, has said. Fashola said this on Friday in Calabar at the Federal Ministry of Power, Works and Housing 4th Edition Retreat for top directors, heads of units and chief executives of agencies and parastatals. He said […]
The Konrad Adenaeur Stiftung (KAS), a German Foundation, has revealed that Nigerians are the third largest asylum seekers in the country. Dr. Gerhard Wahler, Head of Department, European and International cooperation of the foundation, made this known in Abuja during the celebration of 15 years of KAS operation in Nigeria. Wahler explained that the lack […]
OPEC produced 32.66 million b/d in July, a 340,000 b/d rise from June, including newest member the Republic of Congo, according to the latest S&P Global Platts survey of industry officials, analysts and shipping data. Saudi Arabia, OPEC’s largest member, produced 10.63 million b/d, the kingdom’s highest since August 2016, when it produced its record […]
Worried by fake fertilizer in circulation, the Fertilizer Producers and Suppliers Association of Nigeria (FEPSAN) on Friday called on the Federal Government to intervene without further delay. Fertilizer farm The Executive Secretary of FEPSAN, Mr Ahmed Rabiu Kwa, told newsmen in Lagos on telephone that the adulterated fertilizer was causing low yield of farm crops. […]
With cryptocurrency fraud and IRS scams making headlines, I had thought Nigerian email schemes were a thing of the past, akin to the bygone days when a scammer might offer to sell you the Brooklyn Bridge. So I was surprised to recently come across an article about a 62-year-old Swedish divorcee named Maria Grette. She […]
China’s Huawei has surpassed Apple for the number-two spot as smartphone maker despite being essentially barred from the key US market and said said it could supplant Samsung as the world’s number one late next year. The chief of Huawei’s consumer division, Richard Yu, made the remark at the release of business results for the […]