Crude oil futures rose on Thursday as an attack on a Nigerian oil pipeline and a weaker U.S. dollar buoyed sentiment in the market, lifting prices from five-week lows. Brent crude was trading up 50 cents, or 1.1 percent, at … read more
The United Nations Children Emergency Fund (UNICEF) has secured the release of 876 children held by Nigeria’s army and security forces. The children have been held by the security agencies since they recaptured land from Boko Haram militants. Head of … read more
At least nine people were killed and 24 injured in two explosions in the city of Maiduguri, in northeastern Nigeria on Saturday, according to the country’s National Emergency Agency (NEMA). Pictures posted on NEMA’s Twitter account show rescue workers at … read more
An average of 83 Nigerians crossed illegally from Nigeria to Europe, daily, via the Mediterranean in the first nine months of 2016, data by the European Union shows. The daily figure was extrapolated from the 22,500 illegal Nigerian migrants that … read more
As a fashion-forward businesswoman, Sal Gbaja is constantly on the move. Traveling between the country’s political and administrative capital, Abuja (where her café and bookstore, Salamander, is one of the city’s cultural guideposts), and the bustling cultural and financial center … read more
Interest in the world’s top digital currency Bitcoin is growing rapidly in Nigeria, says an official of BitX which recently announced that its smart wallet hit 100,000 downloads on Google Play. BitX is one of the three most popular Bitcoin … read more
The Lagos state Governor, Akinwunmi Ambode has expressed delight at the current plane of development in the state as it was named the fifth largest economy in Africa. Akinwunmi Ambode noted that the development came as his administration is on … read more
Karl Lagerfeld once sniffed that “no one wants to see curvy women” on the runway, but a wave of Nigerian designers are proving him wrong. The opening night of Lagos and Fashion Design Week on Wednesday featured five designers showcasing … read more
On Wednesday, 26th October 2016, the naira fell to 470 against the US dollar, down from 455 on Tuesday when it stabilized, as fresh dollar shortage hit the official and parallel foreign exchange markets. This comes after Travelex and First … read more
There has been mass sack of over 3,000 workers in Nigeria’s oil industry as the country’s economic recession bites harder, two unions have said. The two major unions in the oil and gas sector, NUPENG and PENGASSAN, have thus threatened … read more