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Manny Akpan | Business & Economy Editor

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Spirit Airlines Shuts Down, Cancelling All Flights After Failed Rescue Talks

FORT LAUDERDALE, USA — Spirit Airlines, the budget carrier that helped reshape low-cost flying in the United States, has ceased operations after 34 years,...

South Sudan Opens Key Oil Block to New Bidders After Ending Arthur Eze’s Oranto Petroleum Deal

JUBA, South Sudan — South Sudan has declined to renew an oil exploration licence held by Oranto Petroleum for Block B3, ending a nearly...

BREAKING: United Arab Emirates to Exit OPEC and OPEC+ From May 1

DUBAI, United Arab Emirates — The United Arab Emirates has announced it will withdraw from Organization of the Petroleum Exporting Countries, OPEC, and the...

Dangote Says Refinery Expansion Will Create 95,000 Jobs at Peak Construction

LAGOS, Nigeria — Aliko Dangote, president of the Dangote Group, said the planned expansion of the Dangote Refinery to a capacity of 1.4 million...

BREAKING: Global Cement Giant Lafarge Guilty of Financing Terrorism

PARIS, France — A French court has found Lafarge guilty of financing terrorism, ruling that the company paid millions of dollars to armed groups,...

Lagos Ranks Among Africa’s Costliest Rental Markets as Housing Pressure Mounts

LAGOS, Nigeria — Lagos has emerged as one of Africa’s most expensive rental markets, ranking fourth among major cities on the continent as surging...

Lagos Seals Prominent Access Bank Branch Over Alleged Assault on Officials

LAGOS, Nigeria — The Lagos State Government has sealed a branch of Access Bank in Victoria Island following allegations of environmental violations and an...

‘Under New Tax System, NIN Will Be Default Tax Identification Number ‘ – FIRS

ABUJA, Nigeria — Nigeria’s Federal Inland Revenue Service has announced that the National Identification Number issued by the National Identity Management Commission now automatically...

China Hits Back With 34% Tariffs on U.S. Goods, Escalating Global Trade War

BEIJING, China - China announced on Friday it will impose sweeping 34% tariffs on all imports from the United States starting April 10, in...

Tesla Sales Plunge to 3-Year Low as Elon Musk’s Politics Fuel Backlash

AUSTIN, USA - Tesla’s vehicle deliveries fell sharply in Q1 2025, marking the electric vehicle giant’s worst quarterly performance in nearly three years. The...

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