Nigeria’s Super Falcons beat the Shepolopolo of Zambia 4-0 on Wednesday at Cape Coast in Ghana to return to contention at the 11th African Women Cup of Nations (AWCON). The defending champions, who lost their opening match on Sunday, bounced back into contention with an emphatic win which sent them to the top of the […]
Oil prices rose almost $2 a barrel on Wednesday, bouncing from the lowest levels in months, after U.S. government data showed strong demand for refined fuel, but concerns remained over rising global crude supply. Brent crude LCOc1 futures gained $1.55 to $64.08 a barrel, a 2.5 percent gain, by 1:12 p.m. EST (1812 GMT). U.S. […]
iTEC, a premium consumer electronic brand has unveiled its revolutionary range of TV sets known as the iTEC Smart Television Series, with the products available for purchase in Nigeria exclusively to e-Commerce giants Konga for the first 30 days before being opened to other channels. Distributed by Sub-Saharan Africa’s foremost distribution company, Technology Distributions Ltd., […]
The Nigerian power sector said it lost approximately N1.287 billion on Saturday due to insufficient gas supply, distribution and transmission infrastructure. On the same day, average energy sent out was 4,157 megawatts/hour, which was down by 89.19MW from the previous day. This was contained in the Nigerian power sector daily data obtained by our correspondent […]
With local private involvement in the oil and gas sector of the national economy on the rise, Global Process and Pipeline Services (GPPS) Limited, wholly Nigerian Management owned company, is set to unveil its new infrastructure base in Port Harcourt as it broadens its reputation as a frontline oil services company, showcasing Nigerian indigenous capability […]
At 1115 GMT, January ICE Brent futures were up 49 cents at $67.25/b, while the NYMEX December light sweet crude contract was up $1.45/b at $57.14/b. This gain comes after the market lost around $3-4/b for both Brent and WTI on the week. “It appears that the market takes a production cut for granted… It […]
The Nigerian Shippers Council, the nation’s economic regulator for the ports has made a strong case for the simplification of non-oil export trade procedures and export promotion activities as part of efforts to boost the nation’s non-oil exports in line with Federal Government’s efforts at diversifying the economy from the current mono product export regime. […]
Nigeria’s main opposition candidate Atiku Abubakar said on Monday he will boost oil sector investment, cut costly fuel subsidies and double the size of the economy by 2025 if he wins next year’s presidential election. The businessman and former vice president portrayed himself as a champion of the private sector as he released his manifesto […]
Oil marketers on Sunday appealed to Federal Government to effect quick payment of its outstanding N800 billion subsidy debts. The marketers, under the aegis of Major Oil Marketers Association of Nigeria (MOMAN) and Depot and Petroleum Products Marketers Association (DAPPMA), made the appeal in a joint interactive session with journalists in Lagos. They urged government […]