Apple Inc. is planning to release three new iPhone models again this fall, including a successor to the struggling XR, the lower priced 2018 device with a liquid-crystal display that has fallen short of Apple’s sales expectations, people familiar with the matter said. Apple plans to introduce some new camera features like a triple rear […]
The $2.5 billion Ibom Deep Seaport, a Public Private Partnership (PPP) project would come to reality on or before April 2019. The project would change the landscape of infrastructure in Nigeria, Ms Imeh Okon, the Senior Special Assistant to the President on Infrastructure, said in Uyo on Friday. At the High Level Stakeholders Retreat on […]
Ecobank is not under investigation in Nigeria, the chief operating officer of South Africa’s Nedbank, which owns 21 percent of tTogo-baed lender, said on Friday. A newspaper report that Nedbank’s West African associate was subject to an investigation by Nigeria’s accountancy regulator spooked investors sensitive to any prospect of costly fines in the country, driving […]
The Nigerian National Petroleum Corporation (NNPC) has said that strategies are being implemented to crash the price of Liquefied Petroleum Gas (LPG), also known as cooking gas, nationwide. In a statement by its Group General Manager, Group Public Affairs Division, Ndu Ughamadu, the Corporation said that the move to stop the export of propane and […]
Crude oil futures were lower during mid-morning trade in Asia Friday amid ongoing global growth concerns as market participants waited for fresh cues to provide prices some direction. At 11:10 am Singapore time (0310 GMT), ICE March Brent crude futures were down 28 cents/b (0.45%) from Thursday’s settle at $61.40/b, while the NYMEX February light […]
A firm led by Adrian Wood, the former chief executive of South African telecoms giant MTN Group Ltd, has pulled out of its Nigerian telecoms venture 9mobile, two people familiar with the matter said on Thursday. Wood’s departure, two months after the formal takeover of 9mobile, comes after disagreements with Nigerian shareholders, the two people […]
Crude oil futures were lower during mid morning trade in Asia Thursday pressured lower by a bearish report on US product inventory data while comments by Saudi Arabia and UAE on OPEC cuts helped to stall the price fall. At 10:30 am Singapore time (0230 GMT), ICE March Brent crude futures were down 61 cents/b […]
Globacom Chairman Mike Adenuga Jnr, with interests in oil exploration and real estate has moved up, ranking next to Aliko Dangote as Africa’s second richest man. Forbes magazine said Adenuga’s net worth rose tremendously from $5.3 billion to $9.2 billion. He is now just $800million away from Dangote Group President Aliko Dangote, whose wealth dipped […]
Nigeria is producing 1.78 million barrels of crude oil per day (bpd), Minister of State for Petroleum Emmanuel Kachikwu said on Wednesday. Kachikwu added that the West African country was expecting output from Egina oilfield to reach 150,000 bpd by the end of the month which could boost total production. “The work that we have […]
Nigeria’s real GDP growth will expand by 2.2 per cent in 2019, the World Bank has said in its annual Global Economic Prospects published on Wednesday, slightly upgrading the country’s projected growth rate from 2.1 per cent in June 2018. According to the World Bank, growth in sub-Saharan Africa would accelerate to 3.4 per cent […]