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Thursday, July 25, 2024

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Manny Akpan | Business & Economy Editor

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Dangote Refinery Raises Alarm on Stiff Opposition Amid Efforts to Lower Nigeria’s Fuel Prices

LAGOS, Nigeria — Local and international vested interests are allegedly working to thwart the progress of the newly established Dangote Oil Refinery and Petrochemicals,...

Boeing Accused of Hiding Dubious 737 Max Parts by Whistleblower

WASHINGTON DC, USA - In a damning Senate subcommittee investigation revealed Tuesday, June 18, 2024, a Boeing employee has accused the company of concealing...

Nigeria’s Central Bank Revokes Heritage Bank’s License

ABUJA, Nigeria — The Central Bank of Nigeria, CBN, has announced the immediate revocation of Heritage Bank Plc's operating license. This decisive action, authorised under...

National Grid Collapses as Electricity Workers Join Mininum Wage Strike

LAGOS, Nigeria — Nigeria has been plunged into a nationwide blackout after electricity workers shut down the national grid in compliance with a joint...

Tax Master: Tinubu Introduces Passenger Toll Fees at Federal Airports

ABUJA, NIGERIA — In a move that underscores the Nigerian government's new fiscal policies under President Bola Tinubu, the Federal Executive Council, FEC, has...

‘Nigerian Officials Demanded $150 Million Bribe in Cryptocurrency,’ Binance CEO Says

GEORGE TOWN, Malta - Richard Teng, CEO of Binance, the prominent cryptocurrency trading platform, has alleged that unknown individuals attempted to solicit a bribe...

Bolt Nigeria Cuts Nearly Half Its Staff Amid Economic Challenges

LAGOS, Nigeria - Bolt Nigeria has dismissed 22 of its 45 employees, affecting nearly half of its workforce in the country, including key senior...

Naira’s Revalution: Consumer Protection Commission Investigates Soaring Food Prices

ABUJA, Nigeria - In a determined bid to address the persistent rise in food prices across Nigeria, the Federal Competition and Consumer Protection Commission,...

Dangote Refinery Slashes Diesel Price to N1,000 Per Litre

LAGOS, Nigeria - In a significant economic move, the Dangote Petroleum Refinery announced a substantial reduction in diesel prices on Tuesday, April 16, 2024,...

Nigeria’s Central Bank Reveals Depleting Foreign Reserves is Due to Debt Servicing

Washington DC, USA - During the ongoing International Monetary Fund/World Bank Spring Meetings in Washington D.C., Central Bank of Nigeria Governor, Olayemi Cardoso, addressed...

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