The need for speed. New Core i9 processor for mobile market is Intel’s highest-performance laptop processor. Intel has taken the wraps of its first ever Core i9 (Coffee Lake) processor for laptops at a global event in Beijing, China.The launch is the chip giant’s first release of its high performance focused chipset for the mobile […]
Author: Isaac Umunna
Customs gets additional uniform for officers
The Nigeria Customs Service (NCS) has approved additional set of uniform for its officers and men to give them options of uniforms depending on the weather and assignment to be executed. The Comptroller-General of Customs (CGC), retired Col. Hameed Ali, said in a statement that the uniform had a white top, the usual ash-coloured trouser […]
NiMET predicts cloudy weather for Wednesday
The Nigerian Meteorological Agency (NiMet) has predicted partly cloudy to cloudy weather conditions over the Central States of the country on Wednesday. NiMet’s Weather Outlook by its Central Forecast Office in Abuja on Tuesday also predicted day and night temperatures in the range of 32 to 38 and 17 to 26 degrees Celsius respectively. It […]
Allegation of misappropriating N9.8bn laughable—Oduah
Fomer Aviation Minister, Sen. Stella Oduah, has faulted the Minister of Information and Culture, Alhaji Lai Mohammed, over the inclusion of her name in the list of alleged looters recently released. Oduah, in a statement on Tuesday in Abuja, described the allegation that she misappropriated the sum of N9.8 billion as unfounded and laughable. The […]
World Bank begins implementation of new safeguards for Nigerian investments
The World Bank on Tuesday began the implementation of its Environmental and Social Framework (ESF) in Nigeria by organising a workshop. A statement sent to PREMIUM TIMES, signed by the Senior Communications Officer, Nigeria, Olufunke Olufon, disclosed that the workshop was organised to provide comprehensive understanding of the new environmental and social requirements the World […]
Nigeria’s foreign reserves hit $46.2b – CBN
According to data from the Central Bank of Nigeria (CBN), Nigeria’s foreign exchange reserves gained 8.8 per cent as of March 28, to $46.2 billion compared to same period in February 2018, The Nation reports. The reserve is still far from the peak of $64 billion recorded in August 2008. Debt sales such as Eurobond […]
NNPC’s refineries contributed only 0.55% to Nigeria’s GDP in 2016 – Report
A study commissioned by the Nigerian Natural Resource Charter (NNRC) and conducted by the Centre for Petroleum, Energy Economics and Law (CPEEL), University of Ibadan on the contributions of the four refineries owned and operated by the Nigerian National Petroleum Corporation (NNPC) to Nigeria’s Gross Domestic Product (GDP) has showed that their average contribution was […]
British Airways launches London links to the US and Spain
British Airways launched two new routes from London on 27 March, beginning services from Gatwick (LGW) to Las Vegas (LAS) and from Heathrow (LHR) to Almeria (LEI). The first flight from Gatwick to Las Vegas marks a return to a sector that the airline last operated in S16. BA will serve the 8,430-kilometre transatlantic route […]
Wheat soars, as US crop struggles, but cocoa plunges
With the change of months has come something of a change of fortunes in ags. While one of the biggest losers of March, hard winter wheat, soared on Tuesday, last month’s best-performer, cocoa, tanked as talk of much-needed rains in West Africa spurred funds to take gains which Societe Generale cautioned was “extreme overbought” and […]
West Africa Crude-Spot trade muted as market awaits tender results
Spot activity was slow on Tuesday because of a number of tenders, while high stocks building up in major buyer China and seasonal refinery maintenance depressed demand. * Traders were still waiting for Nigeria’s state firm NNPC to issue its annual crude contract list, which was expected to emerge this week. * Angola’s state oil […]