Hundreds Of Thousands Of Dollars Are Laundered Out of Nigeria Daily – INTERPOL
The International Police Organisation (INTERPOL) has disclosed that hundreds of thousands of dollars are laundered out of Nigeria regularly. Garba Baba Umar, INTERPOL’s...
Delta Air Lines To Sue CrowdStrike, Microsoft For Over $350 Million Loss Caused By Recent Outage
Delta Air Lines has disclosed that it is seeking compensation from CrowdStrike and Microsoft following a significant software outage that disrupted operations on...
Following SIM Card Blocking Protests, MTN Nigeria Announces Nationwide Closure Of Its Offices On Tuesday
MTN Nigeria has announced the closure of all its offices across the country on July 30th, following widespread protests from subscribers affected by...
House of Reps Orders Reversal of Electricity Tariff Hike Ahead of Nationwide Protest
The House of Representatives has directed the Nigerian Electricity Regulatory Commission (NERC) and Electricity Distribution Companies (DISCOs) to revert to the old electricity...
Ethiopia’s Currency Devalues By 30% As Central Bank Floats It to Secure IMF Loan
On Monday, Ethiopia’s central bank floated the birr, leading to a 30 per cent devaluation against the US dollar. The currency now stands...
TotalEnergies Exits Two South African Gas Fields
TotalEnergies has announced its withdrawal from two offshore gas fields in South Africa due to economic challenges. Block 11B/12B and Block 5/6/7 are...
Nigerians Call Out Telcos For ‘Sabotaging Planned Protest By Restricting Internet Access, Using NIN As Excuse’
Nigerians have accused telecommunication companies of disconnecting subscribers to frustrate the #EndBadGovernance protest against economic hardship in Nigeria. The planned protest, which is...
Alert: FG To Borrow $500M In Foreign Currency Bonds From Nigerians Abroad, Debt Crisis May Worsen
The Nigerian government has announced plans to issue $500 million in domestic foreign currency-denominated bonds within three to four weeks. Wale Edun, the...
As Protests Brew, NNPC Advertises Job Offers, Portal Crashes Amid High Demand
The Nigerian National Petroleum Company Limited (NNPC) has announced a significant recruitment exercise for various department positions. However, the company’s job application portal...
H1 2024: Nigeria’s Vehicle Imports Drops By 60% Due To Naira Volatility, High Customs Duties
The importation of vehicles into Nigeria dropped by 60 per cent in the first half of 2024, primarily due to high exchange rates...
H1 2024: Dangote Cement Reports 85% Pre-tax Profit, Struggles With +118% YoY Increase In Production Costs
Dangote Cement Plc has announced a pre-tax profit of N292.9 billion for the first half of 2024. This marks a 22 per cent...
Italian Eni To Sell Its Subsidiary, Agip Oil, To Wale Tinubu’s Oando
Italian oil giant Eni has received formal consent from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to sell its subsidiary, Nigerian Agip Oil...