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NNPC, oil firms agree on 3-month payment deferment at ‘premium cost’
Dwindling crude production has forced the…
Nigeria’s crude oil production drops for third consecutive month — now 937,766bpd
Nigeria’s crude oil production has…
Dangote, Yahaya Bello meet in Aso Rock to resolve Obajana ownership tussle
Aliko Dangote, president of the…
How 62 Airlines Went Moribund Since 1960
Dozens of airlines that operated both scheduled and non-scheduled flight services have gone moribund since 1960 when Nigeria attained independence from the British colonialists,…
Obajana Standoff: Dangote To Approach Court As Kogi Moves To ‘Recover’ Company
Investigations by Daily Trust have revealed that the management of Dangote Group has concluded plans to approach the court this week over the legality of the Kogi state’s vigilante members…
Foreign education gulped $609.5m in eight months — CBN
Nigerians spent $609.5m on foreign education between January and August 2022, The PUNCHhas learnt. The figure is contained in the data obtained from the Central Bank of Nigeria, calculated…
Obajana: Kogi Students vow to seek justice to Intl Court
The National Association of Kogi State Students (NAKOS) has expressed determination to defend the stand of the government over ownership of the Obajana Cement company up to the International…
TAX WAR: MINILS DG urges Kogi govt to seek amicable settlement with Dangote
The Director General, Michael Imoudu National Institute for Labour Studies, MINILS, in Ilorin, Kwara State, Issa Aremu, has criticised Kogi State government for using extra-judicial means to clamp…
N400bn goods rot away over demurrage, shipping costs
There are indications that clearing processes at the nation’s major sea ports may have worsened as major congestion is building up following increase in incidences of container abandonment by…
Shareholders associations knock Kogi Govt, say action on Dangote cement, dangerous for investment
Group of Shareholders Associations in Nigeria…
Nigeria Air: After Ethiopian Airlines Grabs 49% Stake, MRS, SAHCO, Other Local Firms Manage 46%
As Nigerians await the takeoff of Nigeria Air, transaction records have shown that the minority shareholders after the federal government with 46 per cent stake are Nigerian firms comprising MRS (also…
Bet9ja Founder, Kunle Soname Flying Without Wings
A man who has no imagination has no wings. But to soar with eagles, what one needs to do is believe that he or she can fly because to fly high, is to dream big. This above narrative could be linked to…
Crypto scammers make off with $100 million from Binance
Scammers stole cryptocurrency worth roughly $100 million from Binance, the world’s biggest exchange for crypto assets, the firm said on Friday. The total stolen was $580 million, but company…
Global Car Sales Revenues To Plunge By $200bn In 2022
As global inflation and supply chain bottlenecks…
Lagos strikes deal with private firm to manage, operate Imota Rice Mill
Ahead of the commissioning and operation of the 32-metric tons per hour Rice Mill in Imota, Ikorodu, Lagos State Government has handed over the management of the facility to private investor for…
Otedola’s electricity company gets NGX listing
The Nigerian Exchange Limited, on Wednesday, announced the listing by the introduction of Geregu Power Plc, which is chaired by billionaire businessman, Femi Otedola, to the Main Board of The Exchange.…
Fintechs disrupting banking sector, CBN will continue to guide them – Emefiele
Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says financial technology (fintech) companies are disrupting the banking sector. Emefiele said this on Tuesday at the…
Mercurial Elon Musk offers to buy Twitter again
Mercurial Elon Musk proposed to buy Twitter again, at the originally agreed-on price of $44 billion. Musk made the surprising turnaround not on Twitter, as has been his custom, but in a letter to…