Annual inflation in Nigeria stood at 11.08% in July, compared with 11.22% in June, the National Bureau of Statistics said on Friday in a report. A separate food price index showed inflation at 13.39% in July, compared with 13.56% in June. Reuters
An improvement in Nigeria’s oil earnings is on course as prices held firm on Friday near three-year highs reached earlier this week as ongoing OPEC-led supply cuts, as well as strong demand, gradually draw down excess supplies. Brent crude oil futures were up at 73.79 dollars per barrel at 0440 GMT. U.S. West Texas Intermediate (WTI) […]
Emirates Airline is to launch a premium economy class on its aircraft from 2020, according to its President Tim Clark, which could help the carrier attract higher spending travelers. Premium economy costs more than economy class tickets, but less than business class. Its introduction by Emirates could increase competitive pressure on rival Gulf airlines Qatar […]
The Nigerian National Petroleum Corporation (NNPC), has said that Nigeria’s effort at attracting investors into its gas utilisation drive and creating value for the economy is responsible for different gas prices in the domestic market, Daily Sun reports. Bello Rabiu, chief operating officer, NNPC Upstream, disclosed this at the just concluded annual conference and exhibition […]