UK Supreme Court to hear claims by Niger Delta peasants against Shell in England
There is hope for redemption for two Niger Delta communities as the Supreme Court in London will hear an appeal by peasants from the communities to pursue claims in England…
Huawei revenue up despite US trade blacklist
Huawei recorded better than expected revenue growth in the first half of 2019 despite the mounting impact of the US putting the vendor on a trade blacklist in May. The…
Price stability: CBN retains Monetary Policy Rate at 13.5%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), has retained the Monetary Policy Rate (MPR) at 13.5 per cent. The CBN Governor, Mr Godwin Emefiele made…
Nigeria, Siemens ink deal to deliver 11,000MW power supply by 2023
Nigeria and German company Siemens have agreed a roadmap to nearly triple the country’s “reliable” power supply by 2023, President Muhammadu Buhari said on Monday. Nigeria’s ailing power infrastructure, which…
Oil prices not expected to rise significantly as demand is slowing -IEA
The International Energy Agency (IEA) doesn’t expect oil prices to rise significantly because demand is slowing and there is a glut in global crude markets, its executive director said on…
Panic as man climbs Azman Air aircraft, delays take off
Passengers aboard a Port Harcourt-bound Azman Air flight were thrown into panic on Friday after a yet-to-be-identified man climbed the aircraft while it was about to take off at the…
Bill Gates dethroned, now third richest man in the world
Bill Gates has been unseated as the second richest man in the world, losing the position to Bernard Arnault, the chairman and CEO of LVMH. The everything shop owner Jeff…
Gbajabiamila tasks Hauwei on technology transfer, local content
The Speaker of the House of Representatives, Mr Femi Gbajabiamila, has urged Huawei Technologies Nigeria to ensure adequate local content in its manufacturing activities in the country. Gbajabiamila gave…
Renault to assemble cars in Nigeria, targets middle class market
French car giant Renault plans to assemble two low-cost vehicles in Nigeria via a joint venture with the local conglomerate Coscharis, a Renault statement said Thursday. Renault, which claims an…
It’s an insult for Ethiopian Airlines to help Nigeria set up own airline – Air Peace Chief
Mr Allen Onyema, Chairman, Air Peace, says Nigeria does not need the assistance of any foreign airline to establish a new national carrier for the country. He described the recent…