An expert on hearing loss, Dr Bolajoko Olusanya, on Friday identified generators, some prescription drugs, and exposure to loud noise as major causes of hearing loss in the country. Olusanya, a Medical Director at a Lagos clinic, Phonics Hearing Centre, made remarks in an interview with the News Agency of Nigeria (NAN) on Friday in […]
Author: Isaac Umunna
Oil jumps 4 percent on modest OPEC output increase
Oil prices jumped more than 4 percent on Friday after major producers agreed to modest crude output increases to compensate for losses in production at a time of rising global demand. The Organization of the Petroleum Exporting Countries and other top crude producers, meeting in Vienna, agreed to raise output from July by about 1 […]
Kachikwu: Nigeria opposes boost in crude oil supply
Minister of state for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, said Nigeria would advise against additional oil supply to the global market by OPEC and non-OPEC members. Kachikwu made the country’s position known in an interview with journalists on Thursday ahead of the 174th Meetings of the OPEC Conference and the OPEC and non-OPEC Ministerial […]
OPEC ministers agree to raise oil production but don’t say by how much
OPEC ministers announced a deal on Friday that will increase oil supplies from the producer group. Producers agreed to start pumping more so that they are no longer overshooting the production limits they agreed to in November 2016. Analysts say the agreement is likely to add around 600,000 to 800,000 barrels a day to the […]
Soccer-Nigeria bring in fresh strikers for Iceland clash
Nigeria coach Gernot Rohr made three changes to his team for Friday’s Group D World Cup match against Iceland on Friday, bringing in Kelechi Iheanacho and Ahmed Musa up front and Kenneth Omeruo in defence. Nigeria, under pressure to beat Iceland after losing their World Cup opener 2-0 to Croatia, dropped strikers Odion Ighalo and […]
Why Mexico is the World Cup’s biggest loser despite sterling start in Russia
It doesn’t feel like it after such a spectacular start to the tournament, but Mexico is the biggest loser at the World Cup. Wait; check that, it is the biggest loser in history. That’s right. No team has lost more games, more frequently, across the entire 88-year journey of soccer’s finest competition, as the team […]
Nigeria offers reward for suspected bomb-making factory
Nigeria’s military says it is offering a reward for information on a suspected bomb-making factory in the northern city that is the birthplace of the Boko Haram extremist group. Maj. Gen. Rogers Nicholas says such a factory “likely” exists in Maiduguri. He says the military will give 5 million naira ($13,850) for information that leads […]
Three things Nigeria must do to beat Iceland
Saturday’s loss to Croatia has left Gernot Rohr and his wards needing to beat Iceland to keep their hopes of progressing to the World Cup round of 16 alive. In his post-match press conference and again in the build-up to Friday’s game in Volgograd, Rohr pointed out two things which were ultimately responsible for his […]
OPEC inches closer to reach strategic oil deal
The Organisation of the Petroleum Exporting Countries (OPEC) is approaching today the conclusion of agreements in favor of its trade strategies which will allow for stability in the crude oil markets. The ongoing meeting in this Vienna seeks to increase oil production, while easing the opposition of Iran and Saudi Arabia in this regard. The […]
Nigerian banks lose N12.30bn to fraud in 4 years – NIBSS
The Nigerian Inter-Bank Settlement System (NIBSS), on Thursday said the banking industry lost the sum of N12.30 billion to various frauds between 2014 and 2017. Mr Adebisi Shonubi, Managing Director, NIBBS, disclosed this at the third Annual Banking Security Summit organised by MAXUT Consulting in partnership with OneSpan, a global data security company in Lagos. […]