Facebook Competes With YouTube By Creating TV App
Like YouTube, Facebook wants its users to upload and consume more videos, and it’s making a couple of changes to the way that it displays and distributes those videos. Today at CODE Media, Facebook VP of partnerships Dan Rose said the company would also launch a series of apps for Apple TV, Amazon Fire TV and Samsung Smart TV.
Nigeria’s Inflation Rate Hits 18.72%
From 18.55 per cent in December 2016, Nigeria’s inflation rate increased to 18.72 per cent in January 2017, the National Bureau of Statistics, NBS, has said. According to the Bureau, the Consumer Price Index, CPI, which measures inflation increased by 18.72 per cent (year-on-year) in January 2017, 0.17 percentage points higher from the rate recorded in December; and increases were recorded in all divisions that yield the Headline Index.
Nigeria Lost $100BN To Militancy in 2016 – Kachikwu
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said the country lost as much as $100bn in revenue last year as attacks by militants in the oil-rich Niger Delta cut crude output to a record low.
N3B Recovery: Neighbours Mocks Andrew Yakubu
Residents of Zaria Road, Sabon Tasha, a poor suburb of Kaduna, have no sympathy for their neighbour from whose house the staggering sum of $9.7million and 74,000 pounds was recovered last week. The Economic and Financial Crimes Commission, EFCC, last Friday announced it recovered the money (about N3 billion in total) from a house in Sabon Tasha belonging to a former Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Andrew Yakubu.
Arik Suspends Flight To London, Johannesburg
Arik Air has suspended its international flight operations to the London and Johannesburg routes. The spokesman of the Asset Management Company of Nigeria, AMCON, Jude Nwauzor, made the announcement in a statement issued in Lagos. AMCON had on February 9 taken over the airline following its huge indebtedness to the company and other creditors, both local and foreign.
Abuja, Bayelsa, Borno Pay Highest Prices For Diesel In January
The National Bureau of Statistics, NBS, has said that Abuja, Bayelsa, Delta and Cross Rivers recorded the highest average price of N240.52 for diesel in January 2017. A report released Wednesday by the NBS said the average price paid by consumers for automotive gas oil, known as diesel, increased to N240.52 in January 2017 from N196.20 in December 2016.