To improve domestic consumption of gas, Nigeria will consume two million metric tons of Liquefied Petroleum Gas (LPG) by 2025, Matric Energy Limited’s Chief Marketing Manager, Mrs. Toyin Sowumi, has said. She said the development became imperative to enable Nigeria equal other countries, where LPG’s use is recognised as a healthy source of cooking. According […]
Given the challenging economic backdrop, the report suggests that certain key policy reforms would be important to support macroeconomic resilience for Nigeria. The World Bank has said that Nigeria’s Gross Domestic Product (GDP) growth is expected to hover slightly below two per cent in 2018, largely driven by non-oil industry and services. Its “Economic Update” […]
Oil prices fell in the European morning trading session Thursday, following a US crude stock build and amid potentially bearish comments from Russia. At 1142 GMT January ICE Brent crude futures were down 70 cents from Wednesday’s settle at $58.06/b while the January NYMEX light sweet contract was 44 cents lower at $49.85. Commercial crude […]
Nigeria is now placed fourth in Africa and retains its 44th spot in the world with 1427 points as against October’s 1431 points in the FIFA/Coca Cola Rankings on released on Thursday. Tunisia that led the continent’s teams in the last rankings dropped to second place behind Senegal, with the North African side dropping four […]
As part of measures to fight fake news ahead of Nigeria’s election in February, a new website called CrossCheck Nigeria has been launched. It will allow journalists from newsrooms around the country to work together to investigate and debunk rumours, particularly those circulating on social media. The public will be able to provide tips, post […]
The World Bank expects Nigeria’s GDP growth to hover slightly below 2 percent this year, largely driven by non-oil industry and services, it said on Wednesday. Nigeria emerged from a recession last year but growth is still fragile, with the government borrowing from at home and abroad to help fund its budget. Reuters
Crude oil futures were mixed in morning trading in Europe amid a picture of ever healthier supply. At 1201 GMT, January ICE Brent crude futures were down 11 cents from Tuesday’s close at $60.10/b. The January NYMEX sweet light crude contract gained 8 cents to $51.64/b. There was bearish news from the US, with the […]
Nigeria’s Nollywood stars Ayobami ‘AY’ Makun and Omoni Oboli will make their debut in a Hollywood animation film, “Elliott: The Littlest Reindeer”. The News Agency of Nigeria (NAN) reports that AY and Oboli’s voice in the film scheduled to premiere on Dec. 14, remain unknown. The Christmas-themed film also features Hunger Games star, Josh Hutcherson, […]
A South African state-owned pension fund has raised its stake in mobile phone operator MTN Group to nearly 24 percent, regulatory filings showed on Wednesday, a bet on the company in the middle of $10.1 billion dispute with Nigeria. The Public Investment Corporation, which has more than 2 trillion rand ($143.22 billion) of South African […]