Almost half of Nigeria’s cargoes due to be exported in January are still available, Reuters has reported, even as oil prices reach the $50s trough, ten dollars below Nigeria’s benchmark price. The backlog has pushed Nigerian oil differentials versus Brent … read more
Prices of imported used cars, popularly called Tokunbo are expected to rise appreciably in the New Year as the Federal Government begins the collection of 70 per cent duty on second-hand vehicles imported into the country from January 1, 2015. This … read more
Cameroon has carried out its first air strikes against militant Islamist group Boko Haram, after it overran a military base and attacked five villages, officials have said. The military repelled the coordinated attacks and regained control of the base, they … read more
Public funds investigators arrested a gang of four, including two Nigerians, specialized in stealing money from individuals, companies and banks via the internet. The gang is allegedly led by a Nigerian filmmaker. The gang was discovered when an Egyptian businessman … read more
West Africa’s fight to contain Ebola has hampered the campaign against malaria, a preventable and treatable disease that is claiming many thousands more lives than the dreaded virus. In Gueckedou, near the village where Ebola first started killing people in … read more
Nigerian oil tycoon Folorunsho Alakija is now the richest black woman in the world with an estimated fortune of $7.3 billion which is more than double Oprah Winfrey’s worth of $2.9 billion according to Forbes. Starting her career as a … read more
The Nigerian government is deliberately blocking the release of the outcome of investigations into the alleged diversion of $20 billion oil revenues, the opposition All Progressives Congress, APC, said Saturday. The allegation that the huge amount had been stolen was … read more
Illusionists flown in from Spain, flowers imported from France, or an R&B superstar flown in from the United States. No request seems to be out of line to Nigeria’s rich when it comes to the most beautiful day of their … read more
Not less than 592 had been kidnapped by the Islamic fundamentalist group, Boko Haram in 2014. They were mostly girls, boys and women. Among them were the 276 schoolgirls abducted from the Government Secondary School, Chibok, Borno State by the … read more
A fresh attack by the Nigerian Islamist group Boko Haram in Cameroon has left about 30 Cameroonians dead, a security official said on Saturday. The regional governor, Mijiyawa Bakary, told dpa by phone that the estimated 30 people killed were … read more