Buhari nominates Adesina for re-election as AfDB President

by Ikokwu Ikembaon October 7, 2019
President Muhammadu Buhari has nominated Dr Akinwunmi Adesina for re-election as the President of African Development Bank (AfDB). Mr Adesina, while speaking at an event in Lagos on Sunday, appreciated Mr Buhari for nominating him for re-election for a second term as president of the bank. According to Mr Adesina, Nigeria has invested so much […]

The first cannabis cafe in the United States opens

by Ikokwu Ikembaon October 3, 2019
The first cannabis cafe in the United States opens Tuesday in Los Angeles. Called Lowell Farms: A Cannabis Cafe, it will be the first farm-to-table restaurant that highlights cuisine and cannabis. West Hollywood created eight cannabis consumption licenses and of more than 300 applicants, Lowell Farms was granted the first one, the restaurant says. That […]

Nigeria drives crude distillation growth in Africa with 50% of new builds

by Ikokwu Ikembaon October 1, 2019
Nigeria is home to 32 planned and announced crude distillation unit refineries expected to start operations between 2019 and 2023. Nigeria will account for half of Africa’s crude distillation unit (CDU) growth over the next four years, according to GlobalData. The market intelligence firm’s latest report shows the country is expected to have new-build CDU […]

Shell in hot water over crude oil operations in Nigeria

by Ikokwu Ikembaon October 1, 2019
Shell, one of the largest contributors to the booming crude capacity of Nigeria, was dealt a blow by the UK’s Supreme Court towards the end of July. The UK’s highest court ruled in favour of allowing 40,000 members of the Ogale and Bille communities of Nigeria to bring legal action on British soil against the […]

Crude drops to $60.8 as OPEC oil output sinks to an eight-year low

by Ikokwu Ikembaon October 1, 2019
Brent crude on Monday dropped in price again, shedding $1.09 to close at $60.82 per barrel. Also on Monday, reports by Reuters said that the oil output of the Organisation of Petroleum Exporting Countries (OPEC) fell to an eight-year low in September. The sink in oil output of OPEC, which was the lowest since 2011, […]

Saudi Arabia Offers Visas To 49 Countries To Boost Tourism

by Ikokwu Ikembaon September 29, 2019
Saudi Arabia will open its doors to international tourists under a new visa system that allows people from 49 countries to apply for e-visas and visas on arrival, Chairman of the Saudi Commission for Tourism and National Heritage, Ahmad Al-Khateeb, said on Friday. He said, “The move is part of the kingdom’s efforts to wean […]