Business
Kaduna Electric Cuts Power to Govt. House For N2.9bn Debt, After Govt. Agency Closed Its Office Over Tax
Kaduna Electricity has cut power supply to the Kaduna State Government House and other state facilities due to unpaid bills totalling N2.9 billion....
FCCPC Hits Coca-Cola, NBC with Final Warning For Misleading Product Labelling
The Federal Competition and Consumer Protection Commission (FCCPC) has issued a regulatory warning to Coca-Cola Nigeria Ltd and the Nigerian Bottling Company (NBC)...
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...
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...
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...
CAC Issues 90-Day Deadline Before Delisting 1,018 Dormant Companies
The Corporate Affairs Commission (CAC) of Nigeria has announced a 90-day ultimatum for over 1,018 dormant companies to file their outstanding annual returns....
FG Launches ₦150,000 Grant for Jigawa Entrepreneurs As Protests Loom Nationwide
President Bola Tinubu has approved a ₦150,000 grant for each business owner in Jigawa State. Vice President Kashim Shettima announced this during the...