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Lufthansa cancels 2,000 summer flights
German national carrier Lufthansa said Wednesday it was scrapping another 2,000 flights this summer because of staff shortages, adding to a chaotic travel season as the industry attempts to bounce back from the…
Multichoice: Controversy Over Judgment On Sublicence Channels
MultiChoice Nigeria has described as incorrect media reports suggesting that the Court of Appeal ordered the company to sub-licence some of its channels to Metro Digital Limited, a cable television service…
N165 petrol pump price no longer realistic, says major marketers
Major oil Marketers Association of Nigeria (MOMAN) has said the regulated N165 pump price for Premium Motor Spirit (PMS), also known as petrol, is no longer realistic. Chairman, Mr. Olumide Adeosun, made…
Dangote now 63rd, Elon Musk tops 100 billionaires ranking
Nigeria’s Aliko Dangote has become the 63rd richest billionaire in the world, according to the latest ranking by Bloomberg. In the ranking released on Wednesday, the Chief Executive Officer of Tesla,…
Travellers groan as summer fares spike 200%, N1m per economy seat
For the third year on the bounce, there will be no summer travel…
Post-Vaids: JTB, FIRS Commences Full-Scale Enforcement of Defaulters
Upon the effluxion of the amnesty provided by the Voluntary Assets and Income Declaration Scheme (VAIDS) set up by the Federal Government of Nigeria through the Federal Ministry of Finance, the Joint Tax…
French Shipping Line Slams Surcharge On Cargoes For Nigeria, Other Ports
Effective August 1, vessels with cargoes toTincan port in Lagos Tema, Lome and…
Nigeria Targets $11.4Bn Proceed From UTM Offshore FLNG Project
The African Export-Import Bank (Afreximbank) has executed a project preparation facility…
Nigeria’s external reserves add $923 million in four weeks
Nigeria’s external reserves have gained $923 million in the past four weeks, reversing the several months of downwards trend. It had declined steadily to $38.421 billion on June 6th, 2022 from $40.52…
NNPC blocks Exxon Mobil’s asset sale to Seplat
THE Nigerian National Petroleum Company Limited has won a court decision temporarily blocking Exxon Mobil Corporation from selling assets in Nigeria to Seplat Energy Plc. A judge in Abuja granted NNPC an “order of interim injunction” on…
Crude oil theft in Nigeria is “organized crime” – Chevron Nigeria CEO
Crude oil theft in Nigeria is organized crime and should be differentiated completely from host community issues. This is according to the Managing Director of Chevron Nigeria/Mid Africa Business Unit,…
Euro Falls To Fresh 20-Year Low Level Against US Dollar
Euro declined to a fresh 20-year low level against US dollar on Monday, with the US Federal Reserve’s monetary tightening and Russia’s war on Ukraine which threatens energy supply for Europe. The euro against…
Ericsson, Qualcomm, Thales to take 5G into space
Ericsson, a multinational telecommunications company said it has partnered with French aerospace company Thales and wireless technology innovator Qualcomm Technologies, Inc. to take 5G into space. Ericsson in a…
Failed $44bn deal: Musk mocks Twitter over legal threat
After a $44 billion failed deal with Twitter over breach of agreement, founder of SpaceX, Elon Musk, yesterday, mocked Twitter Inc’s, on legal threats to sue him, following his move to abandon the…
Twitter Shares Sink After Musk Withdraws Takeover Bid
Twitter shares plunged Monday after Elon Musk announced the withdrawal of his $44 billion takeover bid, setting the stage for a potential legal brawl. Shares in the social media giant ended down 11.3 per…
Highest paid MD/CEOs in Nigeria in 2021
The Managing Director or Chief Executive Officer is the highest position in any organization and is usually faced with the responsibility of making the hardest decisions in the company. They are mostly…
Stakeholders fear Lekki seaport will replicate Apapa pains
Hours after the first vessel berthed at Lekki deep seaport, stakeholders and residents along the…
Cement Promo, Way Of Giving Back N1bn To Customers — Dangote
Dangote Cement’s Sales Director, Funmi Sanni, has stated that the ongoing cement promo of the company is a way of giving back a whopping sum of N1 billion to its loyal customers. She said customers are kings…
MAN Urges FG To Grant Members Licenses To Import Diesel From Niger, Chad
The Manufacturers Association of Nigeria (MAN) has called on the Federal Government to issue its members licenses to import diesel from the Republic of Niger and Chad, Nigeria’s neighbouring countries, in…
BREAKING: Elon Musk terminates $44 billion Twitter acquisition deal
Elon Musk has backed out of deal to buy social network giant, Twitter.…
Days After Suspension, Ardova Posts N1.54bn Profit
Integrated energy company, Ardova Plc (AP), on Thursday posted a profit after tax of N1.54 billion for the financial year ended December 31, 2021. Trading of the company’s securities on the Nigerian Exchange…
16 firms pre-qualify for 5 NIPPs privatisation
Sixteen firms have been pre-qualified for the privatisation of five National Integrated Power Projects (NIPPs) in the country, Director General of the Bureau of Public Enterprises (BPE), Mr. Alex A. Okoh…
Kenya seizes $56.7 million from Flutterwave as corruption, money laundering trial begins in Nairobi
Kenyan authorities have frozen financial assets of Flutterwave after filing criminal charges against the pan-African payment solutions firm. The firm was accused of conducting suspicious transactions and failing to comply with financial…
‘It’s false’ – Flutterwave denies money laundering claims in Kenya
Flutterwave Payment Technology Limited, Nigerian fintech…