After recently discovering almost 20 oil blocs, Niger government is now inviting Africa’s richest man, Aliko Dangote, to help in the exploration and development.
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AfDB launches economic support programme to give Nigeria over $6 billion in five years
Nigeria is set to see major changes in infrastructure and targeted support for certain groups of entrepreneurs, as the AfDB has pledged a yearly support.
Shell net profit sinks 35% in first-quarter as oil prices fall
British energy giant Shell on Friday reported a sharp drop in first-quarter net profit as it was hit by weaker oil prices but pushed ahead with shareholder returns. BP this week reported that its net profit dropped 70 percent in the first quarter to $687 million, driven by weaker gas sales and lower refining margins. ajb/yad
Importers unable to break even as landing cost of Petrol rises again, higher than Dangote Refinery
The price war between Dangote Refinery and the petrol importers in Nigeria has now reached a stalemate. With the rise in landing costs, a clear winner has emerged.
CBEX defies EFCC probe, resumes operations, promises bonuses and easy withdrawal to new investors
One of the alleged promoters has turned himself in to EFCC for interrogation, while CBEX has resumed operations, luring new users with promises of easy withdrawals.
Asian stocks gain after China teases US tariff talks
Asian markets largely rose Friday, tracking Wall Street gains, as China said it was considering a US offer to negotiate steep tariffs. On Friday, China's commerce ministry said it was evaluating a US offer for negotiations on tariffs, but wanted Washington to show "sincerity" and be ready to scrap levies that have roiled global markets and supply chains.
Trump vs Toyota? Why US cars are a rare sight in Japan
With their sleek curves and chrome grilles, the classic American cars on sale at Yosuke Fukuda's yard ooze Californian cool but on Japanese roads new US vehicles are a rare sight -- much to President Donald Trump's annoyance. "To be honest I think the problem is the size of the roads," as well as an impression that US cars break down more often, which is likely unfounded, Fukuda said.
Backyard barnyard: rising egg prices prompt hen hires in US
Stung by the rocketing price of eggs -- and US supermarkets rationing a basic breakfast staple -- Yong-mi Kim decided to get some chickens to secure her own supply in southern California. Kim, whose son is an athlete who eats a lot of eggs, says although the supply crisis prompted her to rent the chickens, it's "bigger than that."
China says evaluating US offer of tariff talks but wants 'sincerity'
China said Friday it is evaluating a US offer for negotiations on tariffs but wanted Washington to show "sincerity" and be ready to scrap levies that have roiled global markets and supply chains. Beijing's commerce ministry on Friday confirmed the US had reached out and that it was "currently evaluating" the offer.
Tokyo's tariff envoy says US talks 'constructive'
Tokyo's envoy for US tariff talks in Washington said Thursday that the second round of negotiations between the two countries had been "frank and constructive." "We have no intention of negotiating in a way that would be detrimental to the national interest, so we have been firmly defending what needs to be defended and saying what needs to be said," he said Thursday.
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