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FG plans Western rail line to cover 9 states, FCT— Amaechi

FG plans Western rail line to cover 9 states, FCT— Amaechi

2018-06-20 11:36:34

Minister of Transportation, Mr. Chibuike Amaechi, yesterday, said Nigeria’s rail line would cover Western corridor of the country traversing nine states and the Federal Capital Territory, Abuja spanning a total of 1,402 kilometres. Amaechi at the Forum of China-Africa Transportation Convention in Beijing, China entitled, ‘Better Transportation, Better World,’ yesterday, said the project would be completed in 36 months as soon as the loan agreement was reached between Nigeria and China. The minister said: “This railline, a total of 1,402Km, which covers the Western corridor of Nigeria traverses nine states of our federation and the Federal Capital Territory, Abuja and… continue reading


Crude oil prices to decline to $68 a barrel in 2019

Crude oil prices to decline to $68 a barrel in 2019

2018-06-19 13:11:30

The United States’ Energy Information Administration (EIA) forecasts that Brent crude oil prices will average $71 per barrel in 2018 and $68 a barrel in 2019. Meanwhile, Nigeria’s Bonny Light crude oil has maintain an international price of $73.44 per barrel, higher than the Organisation of the Petroleum Exporting Countries (OPEC) basket price of $73.35 per barrel. The price of Nigeria’s Bonny Light is higher than the Nigeria’s $51 per barrel benchmark for 2018 budget.EIA in its Monthly Oil Market report for May, expects oil prices to decline in the coming months because global oil inventories are expected to rise… continue reading


Pinnick hopeful Super Eagles will advance to next round

Pinnick hopeful Super Eagles will advance to next round

2018-06-19 13:09:49

President of Nigeria Football Federation, Mr. Amaju Melvin Pinnick has declared that notwithstanding the 0-2 loss to Croatia in their first match of the 2018 FIFA World Cup in Russia, the Super Eagles have the wherewithal to lift themselves up and still reach the knockout rounds of the competition. Croatia made good from set-pieces in Kaliningrad on Saturday, to top Group D ahead of Argentina and Iceland, who finished 1-1 and have one point each.“We expected to win against Croatia but it did not happen and the whole team, as well as the Federation, have put that behind us and… continue reading


All eyes on Salah as Russia take on Egypt

All eyes on Salah as Russia take on Egypt

2018-06-19 13:00:16

World Cup hosts Russia face an Egypt side buoyed by the likely return of star man Mohamed Salah on Tuesday knowing a win will all but guarantee a place in the last 16. Liverpool wizard Salah missed his team’s defeat to Uruguay on Friday as he struggles to recover from the shoulder injury sustained during last month’s Champions League Final. Salah’s shoulder has continued to cause him problems in Russia, and last weekend he needed the help of three team-mates to put a shirt on during a training session. However the 26-year-old is desperate to start in what is a… continue reading


Low demand haunts Nigeria’s oil as unsold stocks hit 34m barrels

Low demand haunts Nigeria’s oil as unsold stocks hit 34m barrels

2018-06-19 12:49:33

There are indications that international oil market is haunted by low demand as unsold Nigerian stocks have been estimated at between 20 and 34 million barrels. A market survey by Platt showed that bidders for the country’s July-loading heavy and light sweet crudes were not present at the market. A trader, who preferred not to be named, said: “For the time being, it is extremely quiet. No one has tried to jump on these barrels. Refiners are trying to reshuffle their needs. “Some refiners could be opportunistic about buying distressed cargoes,” another trader said. The survey showed that Akpo and… continue reading


World Cup: Some Belgians want to see me fail – Lukaku

World Cup: Some Belgians want to see me fail – Lukaku

2018-06-19 12:22:38

Belgium striker Romelu Lukaku will “remember to have fun” at the World Cup, despite claiming “some people in my own country want to see me fail”. The 25-year-old Manchester United forward started against Panama in Sochi on Monday. But he feels many Belgium supporters do not appreciate him and are unaware of his poverty-hit childhood. “If you weren’t with me when I had nothing, then you can’t really understand me,” he said. “When I went to Chelsea and I wasn’t playing, I heard them laughing at me. When I got loaned out to West Brom, I heard them laughing at… continue reading


Buhari rules out meeting with nPDP members

Buhari rules out meeting with nPDP members

2018-06-19 12:14:24

President Muhammadu Buhari has declared that he will never sit down for discussion with the aggrieved members of the defunct new Peoples Democratic Party that joined forces to form the ruling All Progressives Congress. A top government official disclosed this to journalists on the condition of anonymity on Monday. The source said Buhari had conveyed his position on the matter to state governors elected on the platform of the APC during a meeting he had with them recently. The President was said to have insisted that state governors and the national leaders of the party should be able to resolve… continue reading


Buhari rules out meeting with nPDP members

Buhari rules out meeting with nPDP members

2018-06-19 12:12:56

President Muhammadu Buhari has declared that he will never sit down for discussion with the aggrieved members of the defunct new Peoples Democratic Party that joined forces to form the ruling All Progressives Congress. A top government official disclosed this to journalists on the condition of anonymity on Monday. The source said Buhari had conveyed his position on the matter to state governors elected on the platform of the APC during a meeting he had with them recently. The President was said to have insisted that state governors and the national leaders of the party should be able to resolve… continue reading


Spain face World Cup date with destiny against Iran

Spain face World Cup date with destiny against Iran

2018-06-19 11:56:44

Spanish playmaker, Isco, says Wednesday’s match against Iran will determine their World Cup destiny as they seek to register their first win in Russia following a gripping 3-3 draw against Portugal. Champions in 2010 and among the favourites this year, Spain’s World Cup ambitions were kept in check, almost single-handedly, by a stunning Cristiano Ronaldo hat-trick. The draw came just two days after Spain’s campaign was thrown into disarray by the shock sacking of coach Julen Lopetegui following an untimely announcement by Real Madrid that he would join the 13-times European champions after the tournament. Fernando Hierro, Spain’s sporting director,… continue reading


Rohr still hopeful of qualification despite Eagles’ loss to Croatia

Rohr still hopeful of qualification despite Eagles’ loss to Croatia

2018-06-18 09:31:18

Despite losing 0-2 to Croatian in their opening game of the on-going FIFA World cup in Russia, Super Eagles’ Manager, Gernot Rohr still harbours hope that his side will qualify for the second round. Nigeria sits bottom of group D with no point, Croatian leads the group with three points, while Argentina and Iceland have a point apiece following their 1-1 draw in the group’s opening game. Croatia exploited Nigeria’s inability to defend set pieces to beat the Eagles 2-0, but Rohr hopes Friday would be better when his wards will meet Iceland. The Franco-German said at the post match… continue reading


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