The Petroleum Technology Development Fund (PTDF) says application process is open for qualified Nigerians to apply for its 2019/20 overseas scholarship scheme for Msc and PhD studies. The Fund made the announcement in a statement signed by Mr kalu Otisi, Head, Press and External Affairs, in Abuja. “Qualified Nigerian youths desirous of acquiring advanced degrees […]
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Microsoft Upstages Apple as most valued company in the world
Microsoft Corp’s stock market value closed above Apple Inc’s for the first time in eight years on Friday as the Windows maker benefited from growth in cloud computing while Apple was hit by investor concern about iPhone demand. Shares of Microsoft rose 0.6 percent to end the week at $110.89, putting its market capitalisation at […]
Nigerian Shippers’ Council holds 2018 stakeholders’ appreciation night
By Foster Obi The Nigeria Shippers’ Council (NSC) said its 2018 Stakeholders appreciation night will be held December 6th at Lagos Continental Hotel, Victoria Island, Lagos at 5pm. The event is expected to be chaired by Eng. Mansur Ahmed, President Manufacturers Association of Nigeria (MAN). According NSC, the annual event is aimed at reviewing activities […]
Cameroon stripped of right to host 2019 African Nations Cup
Cameroon has been stripped of the right to host the 2019 African Nations Cup finals due to delays in preparations for the tournament and security concerns. The Confederation of African Football (CAF) confirmed the unanimous decision after a meeting of its executive committee in Accra on Friday. Morocco is the favourite to take over the […]
Nigeria’s Diamond Bank sees no need to refinance $200 million Eurobond at maturity
Nigeria’s Diamond Bank said on Friday it plans to pay off a $200 million Eurobond due in May with dollars generated from operations and has no plan to refinance the debt. The mid-tier lender also said it has received approval from the central bank to operate only in Nigeria, in a move to lower capital […]
After Trump calls, Gulf OPEC members cover most of Iran oil loss – Reuters survey
OPEC oil supply has fallen in November from a two-year high due to U.S. sanctions on Iran, a Reuters survey found, although most of the output gap left by Iran was plugged by Saudi Arabia and the UAE in response to calls from U.S. President Donald Trump. The 15-member Organization of the Petroleum Exporting Countries […]
President Buhari leaves for Poland for climate change conference
President Muhammadu Buhari will depart Abuja Saturday for Katowice, Poland, to attend the 24th session of the Conference of the Parties (COP24) under the UN Framework Convention on Climate Change (UNFCCC). This information is contained in a statement issued by the President’s Special Adviser on Media and Publicity, Mr Femi Adesina, in Abuja on Friday. […]
Nigeria May get ordered 12 Super Tucano aircraft until 2024
Nigeria’s military will not be able to receive the already paid-for 12 A-29 Super Tucano aircraft until 2024 from the United States. Reports said the United States Department of Defence has just awarded a $329 million contract to the Sierra Nevada Corporation to manufacture the planes for the Nigerian Air Force (NAF), months after Nigeria […]
Analysis: Weaker distillate cracks begin to pressure Nigerian crude oil grades
The downward trajectory of distillate crack spreads in Europe since mid-November is starting to put pressure on Nigerian crude oil grades Forcados and Bonga, traders said. With the Nigerian January export loading programs for Forcados, Bonga and Erha quite large, sources said a slowdown in demand for distillate-rich grades will make it difficult for crude […]
WHO says spread of polio remains international health emergency
The spread of polio must still be classified as a public health emergency because, while progress been made towards wiping out the disease, that progress is fragile, the World Health Organization said on Friday. “We are so close to the elimination of polio, but we have to use all of our international tools to achieve […]