Business Oil & Gas Top Story

Nigeria still lagging in oil production capacity as OPEC+ agrees oil output increase from February

Even with Nigeria struggling to recover from its oil production incapacities, OPEC+ agreed on Tuesday to stick to its planned increase in oil output for February. This is because it expects the Omicron coronavirus variant to have a short-lived impact on global energy demand. The group of producers comprising the Organization of the Petroleum Exporting Read More…

Football Sports Top Story

Martinelli double helps Arsenal rout hapless Leeds

In picture above: Soccer Football – Premier League – Leeds United v Arsenal – Elland Road, Leeds, Britain – December 18, 2021, Leeds United’s Cody Drameh in action with Arsenal’s Gabriel Martinelli. Action Images via Reuters/Jason Cairnduff LEEDS, England, Dec 18 (Reuters) – Brazilian forward Gabriel Martinelli’s double helped Arsenal ease to a dominant 4-1 Read More…

Metro Top Story

Ikoyi collapsed highrise structural engineer explains withdrawal from project, unsure of other blocks

A structural engineer, Mr Muritala Olawale, has told an Inquest he cannot vouch for the integrity of the remaining two high-rises (Block A and C) at the site of the collapsed 21-storey building at Ikoyi. Olawale, Managing Director of Prowess Engineering Nigeria Ltd, made the revelation while answering questions at the Coroner’s Inquest constituted to Read More…

Business Economy Top Story

Inflation down to lowest in more than five years in November

It is still double-digit inflation but in November, Nigeria experienced its lowest inflation climb in more than five years. In November, eased by 0.59 percentage points to 15.40% in November. According to Simon Harry of the Nigerian Bureau of Statistics (NBS), “Inflation has continued its declining trend.” Last month, Finance Minister Zainab Ahmed said the Read More…

Metro Top Story

There will be petrol at Christmastime in Lagos, NMDPRA assures

Lagosians have been assured of a good supply of petroleum products at Christmastime. This is the assurance provided by Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). Giving the assurance in an interview with the News Agency of Nigeria (NAN), Zonal Operations Controller, Ayorinde Cardoso, said: “There is product sufficiency in Lagos with about 341,908,000 Read More…

Metro Top Story

National Stadium, Surulere traffic jam ends on Sunday as flyover reopens

Steady traffic resumes on Sunday along Western Avenue (officially called Funsho Williams Avenue) as the National Stadium flyover is reopened to the public. This comes on the heels of an announcement by the Lagos State Government on Saturday. After approving the completion of rehabilitation works on the facility, Director, Road Maintenance and Rehabilitation, Lagos State Read More…