Business
South Africa’s Pick n Pay Exits Nigeria Over Inflation and Economic Challenges
South African retailer Pick n Pay will exit Nigeria by selling its 51 per cent stake in a joint venture with A.G. Leventis....
Starlink Reverses Price Hike in Nigeria After NCC Directive
Starlink, Elon Musk’s satellite internet provider, has reversed a recent price hike in Nigeria following regulatory action by the Nigerian Communications Commission (NCC)....
Sky Mali and Air Senegal Partner to Introduce New Flight Routes Connecting Mali, Burkina Faso, and Côte d’Ivoire
Sky Mali and Air Senegal have announced a partnership to introduce new flight routes connecting major cities in West Africa. The lines would...
Mainpower Takes Over Electricity Distribution In Enugu State, Replaces EEDC
MainPower Electricity Distribution Limited has officially replaced the Enugu Electricity Distribution Company (EEDC) as the electricity distributor in Enugu State. The handover took...
Benin Ships Fourth Tanker of Nigerien Oil to Singapore
Benin has shipped its fourth tanker of Niger’s crude oil onward to Singapore, “Front Coral,” a tanker carrying 155,000 cubic meters set sail...
BRICS GDP Growth to Hit 4% by Q4 2024, Exceeding Global Average of 3.2% – Putin
Russia’s President Vladimir Putin said on average, by the end (Q4) of 2024, the BRICS nations’ Gross Domestic Product (GDP) growth rate is...
Cooking Gas, Kerosene Prices Increase in September —NBS Report
The National Bureau of Statistics (NBS) has reported significant increases in the prices of cooking gas and kerosene across Nigeria for September 2024....
Nigerians Express Safety Concerns After Benin CNG Explosion Critically Injures Three, Causes Amputation of Victim’s Foot
An explosion at the NIPCO gas station in Aduwawa, Benin City, Edo State, has prompted widespread reactions from Nigerians concerned about safety standards....
Nigeria-India Business Council Commits to Enhancing Trade Ties
Emeka Ofor, Chairman of the Nigeria-India Business Council, NIBC, has expressed commitment to enhancing trade relations between the two countries. On Wednesday, Ofor...
Just In: CNG-Converted Vehicle Explodes at NIPCO Station in Benin
A gas-powered vehicle exploded at a NIPCO Ltd. Compressed Natural Gas (CNG) station in the Ikpoba-Okha Local Government Area of Edo State, on...
BRICS Investment in Nigeria Soars 189% in Six Months
Nigeria’s foreign investment inflows from BRICS nations have soared to 189 per cent in the first two quarters of 2024, being January to...
Nigeria’s Power Grid Collapses Twice in 24 Hours
Nigeria’s national electricity grid suffered its second collapse in less than 24 hours on Tuesday morning. According to a Punch report, the latest...