….Donates PowerPlayBoard Game to Halls of Residence Ikeja Electric Plc, Nigeria’s largest electricity distribution company, has taken its safety campaign to tertiary Institutions. In a move designed to promote tenets of electrical safety in Campus Communities across Lagos State, Ikeja Electric recently paid a visit to two frontline Institutions in Lagos; The University of Lagos […]
General
In Africa, scant data protection leaves internet users exposed
-Nigeria to investigate Cambridge Analytica involvement in elections – In Kenya, which has a large and fast growing population of internet users, there are no specific laws or regulations to protect the privacy of those individuals. Kenya is not alone in Africa, which as a region has clocked the world’s fastest growth in internet use […]
China Hits Back With 25% Tariff On US Imports
In retaliation to the US’ plan to impose a 25% tariff worth USD50 billion on about 1,300 Chinese products, China announced the same tariff on a list of 106 US goods, including aircraft, cars, soybeans, chemical products and orange juice. The Office of the US Trade Representative or USTR said the latest trade measure is […]
Liquidity In Nigerian Electricity Market Worsens
Debts are piling up in the Nigerian Electricity Supply Industry as only four of the country’s 11 distribution companies, Discos, paid for supplies of power they received for transmission to their customers from the generation companies, GENCOs in January 2018. Information available to this website indicated that the highest percentage of revenue paid by the […]
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 […]
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 […]
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 […]
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 […]
OPEC Output Falls to Lowest in a Year
Output from the 14 members of Organization of Petroleum Exporting Countries fell by 170,000 barrels to 32.04 million barrels a day in March, according to a Bloomberg News survey of analysts, oil companies and ship-tracking data. That’s the lowest since last April’s 31.9 million barrels a day. Back then, Equatorial Guinea — which pumped 130,000 […]