The International Monetary Fund trimmed its global growth forecasts on Monday and a survey showed increasing pessimism among business chiefs as trade tensions and uncertainty loomed over the world’s biggest annual gathering of the rich and powerful. The gloomy IMF forecasts, released on the eve of the World Economic Forum in Davos, Switzerland, highlighted the […]
Premier League club Cardiff City’s record new signing, Argentine striker Emiliano Sala, is presumed dead after a light aircraft he was travelling in disappeared over the English Channel. Sala, signed on Saturday from French club Nantes for a reported fee of 17 million euros ($19.3 million), was flying to Cardiff aboard a small plane that […]
Nigeria’s main opposition candidate for president wants to overhaul the central bank by separating supervisory and monetary policy functions, and to transition the naira to a managed float, a spokesman for him said on Monday. Atiku Abubakar, a businessman who served as vice president between 1999 and 2007, is the main challenger to President Muhammadu […]
Former President Olusegun Obasanjo has fired yet another shot at President Muhammadu Buhari, saying he is sick in the spirit, body and soul. The elder statesman said this in an interview with BBC Yoruba. The former president said Buhari needs to rest and allow another person to take charge of the country. Obasanjo said when […]
Facebook Inc’s (FB.O) WhatsApp is limiting worldwide the number of times a user can forward a message to five, starting on Monday, the popular messaging service looks to fight “misinformation and rumours”, company executives said on Monday. Previously, a WhatsApp user could forward a message to 20 individuals or groups. The limit of five is […]
Another meeting between the federal government and the Academic Staff Union of Universities (ASUU) ended on Monday night without an immediate resolution of the ongoing strike. The meeting which held at the Federal Ministry of Labour headquarters was to find a lasting solution to the ongoing strike by the university lecturers. At least six other […]
After keeping a tight grip on their wallets for the past several years because of lower oil prices, oil companies went on a spending spree last year. Overall, producers forked over $84 billion to buy both rival companies and asset packages, which was the highest level since 2014, when merger-and-acquisition activity topped $100 billion, according […]
Nigerian billionaire Aliko Dangote said he’s on schedule to finish by next year his $15 billion oil refinery, which will be one of the worlds biggest, despite analysts saying the timeline is ambitious. “There are quite a lot of challenges, but we’re moving,” Dangote told reporters at a conference in Paris about the plant, which […]
French oil group Total will approve plans to proceed with the Ikike project in Nigeria in the coming months, and also aims to expand its liquefied natural gas (LNG) project in the country, CEO Patrick Pouyanne said on Monday. Total is one of the strongest players in the African oil sector, holding more proven reserves […]
A new report on the age-long crude oil theft in Nigeria has revealed how International Oil Companies (IOCs) in the Niger Delta region steal and siphon large volumes of crude oil from the country undetected by her authorities. The report revealed the revenue losses over the last few years, and estimated that the country lost […]