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 […]
Former Premier League soccer player Dickson Etuhu goes on trial in a Swedish court on Thursday to face a charge of match-fixing, which he denies. Etuhu played at the 2010 World Cup for Nigeria and had a lengthy career in England for Manchester City, Preston North End, Norwich, Sunderland, Fulham and Blackburn Rovers before moving […]
Nigeria has awarded a mining contract to ten exploration and consulting companies as part of the country’s efforts to develop the sector, the mining and steel development minister said on Tuesday. Abubakar Bawa Bwari did not say how much the contracts were worth but in July he had said eight firms would be awarded a […]
Departures of migrant-laden boats to Italy from Sabratha, formerly Libya’s biggest people-smuggling hub, have slowed to a trickle thanks to a security crackdown triggered by European pressure that ejected the city’s top smuggler. But the local branch of Libya’s coastguard feels neglected. It says it is still starved for resources, unable to run its own […]
Fresh facts has emerged that Nigeria Football Federation, NFF, are still owing the nation’s Under 20 women national team, the Falconets and their coaching crew match allowances, bonuses and salaries months after they played in the quarterfinals of the Under 20 Women World Cup in France in August. According to investigation carried out by BSNsports […]
Crude oil futures resumed their upward trajectory in morning trading in Europe Tuesday despite an absence of clear bullish sentiment, with analysts saying the rise appeared to be an adjustment following steep losses at the end of the previous week. At 1206 GMT January ICE Brent crude futures rose 12 cents/b from Monday’s close to […]
Nigeria Liquefied Natural Gas (NLNG) has offered a cargo for loading in December, three industry sources said on Tuesday. The company has likely offered the cargo through private negotiations and it was not immediately clear if it was a firm offer, one of the sources said. NLNG, set up 16 years ago to export gas, […]