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Tag : May

African News

Egypt tries plasma treatment to fight pandemic

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Mohamed Fathi, an Egyptian man who has recovered from Covid-19, winced as he watched tubes running down his arm to donate blood plasma, but insisted:...
Business

Oil marketers debunk NNPC’s N5.35 billion petrol subsidy payment claim

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Oil marketers have denied receiving petrol subsidy payments in June 2020 as disclosed by the Nigerian National Petroleum Corporation (NNPC) in its latest operations report....
Business

AfDB blacklists five Nigerian firms over diversion, others

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The African Development Bank (AfDB) Group has debarred five Nigerian firms for diverting funds to other uses, among others. The latest debarring of Nigerian firms...
Business

PENGASSAN, NUPENG suspend strike

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Pool Photo Members of Nigeria’s major labour unions in the oil and gas sector have suspended the strike they embarked upon in protest against the...
Business

Japanese economy shrinks by record 27.8% amid pandemic

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The Japanese economy contracted at an annualised rate of 27.8 per cent in the second quarter, as the world’s third-largest economy was devastated by the...
News

China achieves progress in battle against cyber crimes – report

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File Photo China said it has made headway in cracking down on illegal online businesses, said a report on the country’s cybersecurity in 2019. China’s...
Business

NNPC spends N36 billion on pipeline repairs, loses N8 billion petroleum products in five months

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Unending vandalisation of oil and gas assets and petroleum products theft continue to impact the country negatively, as the Nigerian National Petroleum Corporation, NNPC, weekend,...
Business

Saudi Aramco profits dive 73% as coronavirus batters oil demand

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Energy giant Saudi Aramco said on Sunday its second-quarter profits plunged a massive 73 percent due to sharply lower oil prices as the coronavirus crisis...
African News

Africa’s coronavirus cases top 1 million, with South Africa worst-hit

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The number of COVID-19 cases on the African continent have surpassed 1 million, figures from the Centre of Disease Control (CDC) showed on Friday, with...
Business

Toyota expects 64% fall in annual net profit amid pandemic

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Toyota Motor forecasts its net profit for the current financial year will drop 64.1 per cent from the previous year to 730 billion yen ($6.9...