Business
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...
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...
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...
Starlink to Halt Service To Unauthorised Ghana Users By August 21
Starlink, the satellite internet provider Elon Musk owns, has announced plans to disconnect users in Ghana from accessing its mobile plans by August...
Economic Hardship: Nearly 50% of Oyo Poultry Farms Have Shut Down – Poultry Association Head Laments
Nearly half of all poultry farms in Oyo state have been forced to shut down their operations due to rising costs. This alarming...
Nigeria’s Azman Air Pauses Operations, Sends Staff on Unpaid Leave
Nigerian airline, Azman Air has suspended its operations and placed nearly its entire workforce on compulsory leave without pay. The airline’s Public Relations...
Lagos Environmental Corps Seizes ₦2m Worth of Styrofoam Packs Bound for Cameroon
The Lagos Environmental Sanitation Corps (LAGESC) has intercepted a truckload of Styrofoam packs in transit within Lagos State. The truck, a Mercedes-Benz 814,...
Nigeria’s Manufacturers’ Association Lament Over CBN’s Unsettled $2.4 Billion Forex Forward Contracts
The Manufacturers Association of Nigeria (MAN) has called on the Central Bank of Nigeria (CBN) to take urgent action regarding outstanding obligations related...
Dangote Refinery Will Disrupt European Oil Market with Increased Diesel, Jet Fuel Exports — OPEC
The Organisation of Petroleum Exporting Countries (OPEC) has said that Nigeria’s Dangote Refinery and Petrochemicals will disrupt Europe’s oil market, particularly in the...
Jumia Reports 25% Revenue Drop in Q2, Operating Losses Rise to $20 million
Jumia, Africa’s leading e-commerce platform, reported a significant drop in revenue and increased operating losses for Q2 2024. The company’s revenue fell 25...
Court Nullifies Sale of Controversial ‘Nigeria Air’ to Ethiopian Airlines, Tells FG To Stop Plans
A Federal High Court in Lagos has nullified the sale of a 49 per cent equity stake in Nigeria Air to Ethiopian Airlines....
Newly Appointed PenCom Director Was Reportedly Sacked By First Bank Over N40bn Fraud
According to an exclusive report by Tech Cabal, over 100 employees were sacked in July 2024 over an N40 billion fraud engineered by...