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BusinessNews

Wale Tinubu’s Oando Acquires Nigerian Agip Oil Company for $783 Million

Oando PLC has finalised the acquisition of the Nigerian Agip Oil Company (NAOC) from Italian energy giant Eni for $783 million. Wale Tinubu,...

FinanceNews

Kerosene Prices in Nigeria Reached New High in July, N2,380 in Some States – NBS

The average retail price of household kerosene in Nigeria hiked to N1,769.86 per litre in July 2024, according to the National Bureau of...

Barely weeks after declaring a net profit of N3.3 trillion in the 2023 financial year, with a purported increase of over N700 billion (28%) when compared to the 2022 profit of N2.548 trillion, NNPC has announced it is under intense financial pressure.
BusinessNews

NNPC Hands Over All Retail Assets, Petrol Stations To OVH Energy Run By Wale Tinubu

NNPC Retail, the downstream arm of the Nigerian National Petroleum Company Limited (NNPCL), has transferred its assets and ownership to OVH Energy Marketing...

BusinessNews

Niger Resumes Oil Exports to Benin After Months-Long Dispute

Niger has resumed crude oil exports to Benin following a resolution of the dispute that had halted the flow of oil through a...

Human RightsNews

Again, Zambia’s President To Hit Journalist Zgambo With 7-Years Prison Sentence For Reporting on Corruption, Bad Governance

Zambian journalist Thomas Allan Zgambo is facing up to seven years in prison for reporting corruption and governance in the country. According to...

News

NLC Threatens Nationwide Strike if President Ajaero is Arrested After Recent Police Invitation

The Nigerian Labour Congress (NLC) has warned of a nationwide strike if its President, Comrade Joe Ajaero, is arrested by the police. The...

The Kano State Governor, Abba Yusuf, has approved the appointment of three second-class Emirs over the newly created emirates in Rano, Gaya, and Karaye.
FinanceNews

Kano Anti-Corruption Commission To Probe Multi-Billion Naira Drug Contract Scam Involving All 44 LGAs

The Kano State Public Complaints and Anti-Corruption Commission has launched an investigation into an alleged multi-billion naira drug purchase contract scam involving all...

Kenya's Ruto Deploys Pro-Govt Account On X Using AI-generated Music To Influence #RutoMustGo Protesters
FinanceNews

Just In: Kenya’s Supreme Court Allows Ruto to Reinstate Controversial Finance Act That Triggered Protests

The Supreme Court of Kenya has suspended the Court of Appeal’s decision to nullify the Finance Act 2023. This would allow the government...

FinanceNews

Just In: Cooking Gas Prices Increased in Nigeria by Over 55% In One Year, NBS Reports

The National Bureau of Statistics (NBS) has reported a steep rise in cooking gas prices across Nigeria. The cost of refilling a 12.5kg...

FinanceNews

Just In: Days After Condemning Killing of Peaceful Protesters, Police Summon NLC President Over ‘Terrorism Financing, Subversion, Cybercrime’

The Nigeria Police Force has summoned Joe Ajaero, the President of the Nigeria Labour Congress (NLC), for questioning. This is over allegations including...

FinanceNews

Libya’s Central Bank Resumes Operations After Kidnapped Official Freed

Libya’s apex bank, the Central Bank of Libya (CBL), has resumed operations following the release of Musaab Muslamm, the head of its information...

BusinessNews

Amid Persisting Fuel Scarcity, NNPC Denies Owing International Oil Traders

The Nigerian National Petroleum Company Limited (NNPC Ltd) has denied claims that it owes $6.8 billion to international oil traders. This was in...