• muhammadu-buhari

    Better Prospects For Economy As OPEC Cuts Output By 1.2mbpd, Nigeria Exempted

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    Hopes of Nigeria’s economic recovery have been rekindled following a major output cut deal sealed by the Organisation of Petroleum Exporting Countries (OPEC). OPEC at its 171st meeting in Vienna, Austria, yesterday, agreed to cut oil production by 1.2 million barrels per day, with effect from January 1, 2017, after negotiations which lasted several months….

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  • Nigeria Moves Up In FIFA Ranking

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    Nigeria senior national team, the Super Eagles, have moved up to 50th in November Fifa ranking. Gernot Rohr’s men stepped up ten places in the grading released by the world football ruling body, and are eighth in Africa. Gernot Rohr’s men stepped up ten places in the grading released by the world football ruling body,…

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  • OPEC LOGO

    Nigeria, Iraq Lead Decline As OPEC Production Drops

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    The Organisation of Petroleum Exporting Countries (OPEC) crude production dropped in February from the highest level in Bloomberg data, going back 20 years, a survey has showed. OPEC production reduced by 79,000 barrels to 33.06 million barrels a day in February, according to a Bloomberg survey of oil companies, producers and analysts. According to the…

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  • Tom Ikimi

    Dasukigate: EFCC Quizzes Tom Ikimi

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    The Economic and Financial Crimes Commission (EFCC) has arrested a former minister of foreign affairs and a chieftain of the Peoples Democratic Party (PDP), Chief Tom Ikimi,  over his alleged role in the $2.1bn arms fund mismanagement. According to Saharareporters, Ikimi was said to have been quizzed by the EFCC operatives for over two days…

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  • Kachikwu

    As Oil Prices Hit 12-year Low, OPEC Members Request Emergency Meeting

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    Minister of State for Petroleum Resources Emmanuel Ibe Kachikwu, has said a ‘couple’ of members of the Organisation of Petroleum Exporting Countries (OPEC) are requesting an emergency meeting, saying current market conditions justify the need to hold such a gathering. Benchmark Brent crude oil futures LCOc1 were trading at less than $31 per barrel yesterday,…

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  • AMCON

    AMCON Puts Peugeot Stake Up For Sale

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    The Assets Management Company of Nigeria (AMCON) has announced plans to sell its majority stake in Peugeot Automobile Nigeria (PAN) Limited, a local joint venture with the major French automaker, and is seeking bids from investors. Peugeot Citroen is the technical partner to the Nigerian assembly plant, which has capacity to assemble 240 cars a…

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  • AU Commission Chair Tasks Gülen Movt On Schools Development

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    Chairperson of the African Union (AU) Commission, Nkosazana Dlamini-Zuma, has called on volunteers working for faith-based Gülen movement to continue to build schools and other institutions in Africa. She made the call in Johannesburg, South Africa, during a visit to an Ottoman-style mosque complex built in 2013 and sponsored by Turkish businessman, Ali Katircioğlu. Dlamini-Zuma…

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  • PARIS-ATTACK

    Paris Attacks: France shuts its Borders Against 900 Migrants

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    The distraught government of France, has in the last few days, denied over 900 migrants, who government authorities claim are ‘security risks’ entry into the country. The French state has also under a three-month state of emergency, banned public demonstrations and empowered their police for far-reaching border and body searches. The tightening of border controls…

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  • Liberia

    New Case Of Ebola Discovered In Liberia – WHO

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    The World Health Organisation on Friday announced that a new case of the deadly Ebola virus has surfaced in Liberia, which was declared Ebola free in September. There is one confirmed case,” WHO spokesman Tarik Jasarevic told AFP, without providing further details. The west African nation, where thousands died at the height of the epidemic…

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