Nigerian Newspapers

If you are always losing the keys to your office, home or hotel room, perhaps you’ll like the idea of your phone or watch being able to, quite literally, open doors. As part of the BBC’s Jumpstarting Japan series – meeting the Asian giant’s young entrepreneurs – Mariko Oi visited a start-up making a fast-growing multi-million dollar business out of reinventing the key. The post Will keys become a thing of the past? appeared first on Nigerian News 24/7 | ElotiTV.com . by Eloti TV via Nigerian News 24/7 | ElotiTV.com

The Minister of State for Petroleum Resources, Dr Ibe kachikwu, says Nigeria will be forced to stop the production of crude oil if the cost of doing that remains high. Dr kachikwu made the statement today at the opening ceremony of the Nigeria Annual International Conference and exhibition organised by the Society of Petroleum Engineers in Lagos. According to him, countries within the United Arab Emirates had cut costs significantly, describing them as the lowest-cost producers in the world. He added that Nigeria might forcefully call for a reduction in the cost if negotiations are not possible, adding that only oil companies that are able to drive down costs will thrive in the country. “For me, you rather leave the oil in the ground than produce at a cost that doesn’t make sense. So, cost is going to be a very high driver. So that is certainly one area we are focusing on; we are working collaboratively with oil companies,” he said. “But let’s make no mistake about it, if we...