Cattle thieves have killed more than 20 people in Nigeria’s northern state of Zamfara, officials say. The thieves arrived in the village of Zanoka on motorbikes, shooting at people and setting fire to their homes. Clashes between vigilantes and cattle rustlers in Zamfara have intensified in recent months. Violence related to cattle has been going […]
Author: Isaac Umunna
‘Don’t Take Higher Oil Prices For Granted’
Oil prices collapsed at the start of this week, with WTI and Brent dropping 5.5 percent and 7.5 percent respectively from their three and a half year peaks. This recent price slump serves as a timely reminder for market observers and players alike that, while a heightened geopolitical risk premium and declining inventories have boosted […]
How Nigeria’s Super Eagles rated against England
A horrific first half performance followed by a thrilling second 45 showed the two sides of Gernot Rohr’s young Super Eagles as they lost 2-1 to England at Wembley on Saturday night. Abysmal displays all over the pitch, including Rohr’s choice of tactics, left Nigeria exposed time and time again in the first half. However, […]
Nigerian police invite Senate president for questioning over armed robberies
Nigerian police on Sunday said the president of the upper house of parliament had been invited for questioning over allegations that he financed a criminal gang that carried out a spate of armed robberies and killed 33 people including pregnant women. Bukola Saraki’s three-year tenure as Senate president has been marred by numerous accusations of […]
Echiejile and Nwankwo make Nigeria’s World Cup squad
Experienced fullback Elderson Echiejile, whose career has been languishing in the Belgian second division, and Simeon Nwankwo, who won a first cap last week, were both included as Nigeria coach Gernot Rohr on Sunday finalised his 23-man squad for the World Cup. Echiejile has played just twice since been loaned to Cercle Brugge in January […]
Anti-labour practices: NUPENG draws battle line with multinationals
NUPENG President Prince Williams Akporeha, said at a news conference in Lagos that over 500 union members had not been paid after working for some international oil companies. Akporeha said that apart from not paying their salaries, the companies had continuously ill-treated the workers who were also casuals. He said the companies did not allow […]
Russia breaches OPEC oil quota, seeks increase
Russia breached its oil-output quota agreed with OPEC for a third straight month as the oil producers’ alliance prepares for crucial talks this month on increasing supplies. Oil output averaged 10.97 million barrels a day last month, almost unchanged from a month earlier, data emailed on Saturday by the Russian Ministry of Energy’s CDU-TEK statistics […]
Nigeria central bank injects $331.41 million into currency market
Nigeria’s central bank said on Friday it had injected $331.41 million into the interbank foreign exchange market, continuing its efforts to boost liquidity and alleviate dollar shortages. The bank said the funds were allocated to companies in the agricultural, airline, petroleum and machinery sectors. The central bank is “buoyant enough to meet the foreign exchange […]
England prepares for World Cup with 2-1 win over Nigeria
England relied on goals from Gary Cahill and Harry Kane before slackening in the second half to beat Nigeria 2-1 in a World Cup warmup match on Saturday. On his first England appearance since October, Cahill headed in the opener in the seventh minute from Kieran Trippier’s corner in front of 70,000 fans at Wembley […]
Oil retreats on stronger dollar, U.S. crude discount wider
A worker checks an oil pipe at the Lukoil-owned Imilorskoye oil field outside the West Siberian city of Kogalym, Russia, in this January 25, 2016 file photo. REUTERS/Sergei Karpukhin NEW YORK (Reuters) – Oil prices retreated on Friday after the dollar rose on better-than-expected U.S. employment data, which pressured greenback-denominated commodities, including crude. U.S. West […]