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The Senate of Nigeria held a moment of silence. Vice President Kashim Shettima requested a safety review and said that the federal government would send resources to support the affected people. [5] President Bola Tinubu later said the review will be "swift and comprehensive“. He stated it will be will carried out together with multiple state ...
The pipeline is to start in the Warri region in Nigeria and run north through Niger to Hassi R'Mel in Algeria. [10] In Hassi R'Mel the pipeline is to connect to the existing Trans-Mediterranean, Maghreb–Europe, Medgaz and Galsi pipelines. [5] These supply Europe from the gas transmission hubs at El Kala and Beni Saf on Algeria's Mediterranean ...
As of 2007, Nigeria's oil revenue totaled $340 billion in exports since the 1970s and it was the fifth largest producer. [53] Nigeria imports most of its motor spirit, though it is a major oil exporter, and when fuel subsidies were lifted in January 2012, fuel increased from roughly $1.70 per gallon to $3.50. [54]
New inflation data out Wednesday showed consumer prices rose as forecast in October, keeping the Federal Reserve on track to lower interest rates again in December.
Slated to be Nigeria’s first deepsea port and the deepest such facility in sub-Saharan Africa, work on Lekki began in March 2018 and is targeted to be complete in 2022. The port will help meet rising demand for containers in Nigeria, the compound annual growth rate of which is forecast to be 12.9% between 2016 and 2025.
A top Federal Reserve official said Monday that he is leaning toward supporting an interest rate cut when the Fed meets in two weeks but that evidence of persistent inflation before then could ...
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Channels Television is a Nigerian independent 24-hour news and media television channel based in Lagos, Nigeria.The parent company, Channels Incorporated, was founded in 1992, a year before the Nigerian government deregulated the broadcast media.