Author Archives: admin

McCarthy Obanor wins Nigeria National Freestyle Championships, Goes Home with Car, N1m

McCarthy Obanor wins Nigeria National Freestyle Championships, Goes Home with Car, N1m

Alex Ekemenah Lagos, Nigeria – History was made in Lagos at the weekend as Mr. McCarthy Obanor emerged the winner of the first edition of the Nigeria National Freestyle Championship accredited by the World Federation of Freestyle Football.  Apart from winning the sum of N1m, Obanor also won for himself a brand new GAC car and will

The Read Club: Okey Ndibe Book Tour Comes to Lagos

Alex Ekemenah Lagos, Nigeria – The Bookcraft Africa is organizing Okey Ndibe Book Tour round the country. It is the turn of Lagos to welcome the literary entourage on July 29th 2017. The venue is Quintessence, Parkview Estate, Ikoyi, Lagos. The time is 2:00pm  

Scientists Discover What Economists Haven’t Found: Humans: Working Towards Building a Better Theory of Human Nature

By David Sloan Wilson and Joseph Henrich Paleontologists tell us that numerous Homo species once roamed the earth, although only Homo sapiens remains. Several Homo species still inhabit economic world, however — the world as described by traditional economics. The most common is Homo economicus, whose preferences and abilities were described by neoclassical economists a

CBN leaves monetary policy rate unchanged at 14%

Alex Ekemenah Abuja, Nigeria – The Central Bank of Nigeria’s 6-member Monetary Policy Committee rose from its quarterly meeting on Tuesday, July 25, 2017, and left the Monetary Policy Rate unchanged at 14 per cent. The CBN Governor, Mr Godwin Emefiele who announced the decision of the committee at the end of a two-day meeting

Role of Financial Analysts and Journalists in Budget Monitoring and Reporting

Alex Ekemenah Abuja, Nigeria – The role of financial analysts and journalists in tracking, monitoring and reporting the budgets of federal, states and local governments came to the fore at the workshop organized by West African Institute of Financial and Economic Management, African Capacity Building Foundation and Centre for Financial Journalism. The workshop took place

Nigeria Ups Oil Output Despite Rampant Oil Theft

Things have been mostly good for Nigeria’s oil industry in recent months. The government negotiated a peace with the militants that wreaked havoc on the oil transport infrastructure in the Niger Delta and output has been growing steadily, hitting 1.733 million bpd last month. However, one problem remains: oil theft. Bloomberg’s Paul Wallace reports that

OPEC Won’t Prevent Nigeria, Libya from Increasing Oil Output

OPEC seems to be willing to let exempt members Libya and Nigeria boost their crude oil output further before asking them to join the supply control deal aimed at propping up prices. That’s according to Bloomberg’s Ben Sharples, reporting on a meeting of OPEC ministers ahead of a wider ministerial meeting today in St. Petersburg.

Global Glut Shrunk By 350 Million Barrels – Russian Oil Minister

Russia’s Energy Minister Alexander Novak said yesterday that over the last six months, global crude oil supply has shrunk by 350 million barrels thanks to the production-cutting efforts of OPEC and its partners. Novak was speaking at a meeting of energy ministers in St. Petersburg to track the progress of the oil production cut deal

OPEC’s No.2 Goes Rogue, Plans to Pump 5 Million Bpd

Iraq’s crude oil output could hit 5 million barrels daily by the end of the year, the country’s Oil Minister Jabar al-Luaibi told Iraqi media, adding that these projections “will not be affected by any fluctuations”. According to OPEC’s latest Monthly Oil Market Report, in June Iraq pumped 4.5 million barrels of crude daily, up