NNPC To Become Sole Buyer As Dangote Refinery Begins Production
Devakumar Edwin, the Vice President of Dangote Industries Limited, has announced that the Nigerian National Petroleum Commission (NNPC) will become the sole buyer of products […]
Business
Nigerian fintech chief fined $250mn after holdings described as a ‘fiction’
A US federal court has ordered a Nigerian businessman, who last year sought to buy the English football club Sheffield United, to pay more than $250mn […]
NNPCL Admits Debt To Petrol Suppliers Responsible For Queues
The Nigerian National Petroleum Company Limited finally admitted the company’s “significant debt to petrol suppliers”, saying it poses a threat to the sustainability of fuel […]
PH refinery sucks $1.5bn without producing oil
Misses September 1 deadline If you think getting a $1.5bn cheque for producing nothing is virtually daydreaming, you haven’t met Nigeria’s Port Harcourt refinery. So […]
CBN Dismiss Top Executives of NIRSAL
The Central Bank of Nigeria has dismissed the Executive Directors of NIRSAL. The Central Bank of Nigeria (CBN) has decided to end the appointments of […]
Taraba State, Backed by Algorand, Empowers Youth with Blockchain Skills
As part of measures to foster digital literacy and empower young people in Nigeria, Algorand Foundation, in collaboration with the Taraba State government, launched a […]
Monarch, Adeniyi Ajayi Demolishes Septuagenarian’s 24-Year-Old Property In Ikorodu After Claiming To Have Sold It, Says ‘Neither God Nor Gov’t Can Challenge Action’
Chief Adeniyi Ajayi, a traditional ruler, the Eletu of Oke-Eletu in the Ikorodu area of Lagos, has been accused of forcefully taking over a landed […]
Zhongshan: Tinubu’s lawyer Rotimi Oguneso earned $170,000 as member of three-man arbitration panel that awarded $70 million against Nigeria
Rotimi Oguneso, a Nigerian lawyer with ties to President Bola Tinubu, pocketed $170,000 as legal fees for his services on the arbitration panel that awarded […]
Former China National Petroleum Corporation boss Wang Yilin arrested for bribery
The Supreme People’s Procuratorate (SPP) has ordered the arrest of Wang Yilin, former Chairman of the China National Petroleum Corporation (CNPC), on suspicion of bribery, […]
Oando PLC Acquires Nigerian Agip Oil Company For $783 Million
Oando PLC has successfully completed its acquisition of the Nigerian Agip Oil Company (NAOC) from Italian energy giant Eni for a total consideration of $783 […]