Refinery: Dangote seeks cancellation of NMDPRA import licences
Dangote Petroleum Refinery and Petrochemicals FZE has filed a lawsuit with the Federal High Court in Abuja, requesting the annulment of import licences granted to the Nigeria National Petroleum Corporation…
Microsoft to launch autonomous AI agents in November
Microsoft has announced plans to enable customers to build autonomous AI agents starting in November, aiming to leverage the expanding AI market. These agents differ from traditional chatbots by requiring…
IBM launches new AI models to capitalize on growing demand
IBM has unveiled the latest version of its artificial intelligence model, "Granite 3.0," aiming to meet the increasing demand from businesses adopting generative AI technology. Released on Monday, these models…
FG approves divestment of four international oil companies
The federal government has sanctioned the divestment of four international oil companies, as announced by the CEO of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe. Komolafe made this disclosure…
Manufacturing firms reduce debt burden by N1.62tn in H1 2024
Manufacturing companies in Nigeria successfully reduced their debt burden by N1.62 trillion between February and June 2024, according to data from the Central Bank of Nigeria’s statistical bulletin on sectoral…
Marketers import fuel as Dangote struggles to meet demand
No fewer than four vessels carrying Premium Motor Spirit, commonly known as petrol, arrived at Nigerian seaports between Friday, October 18, and Sunday, October 20, according to reports by The…
Private power supply costs N750/kWh, says Minister Adelabu
The Minister of Power, Adebayo Adelabu, has revealed that generating electricity using petrol now costs private entities up to N750 per kilowatt-hour (kWh) due to the soaring price of petrol.…
Cuba’s power grid collapses again as hurricane intensifies woes
Cuba experienced another collapse of its electrical grid on Sunday, marking the fourth such failure in just 48 hours. This latest outage comes as a hurricane made landfall, exacerbating the…
ICYMI: Nigeria provides uninterrupted electricity to neighbours – TCN boss
The Managing Director of the Transmission Company of Nigeria, Engr. Sule Abdulaziz, has disclosed that Nigeria supplies uninterrupted electricity to neighbouring countries Togo, Benin, and Niger Republic despite many Nigerians…
Cooking gas prices skyrocket by 114% in 16 months – Report
The price of Liquefied Petroleum Gas, commonly known as cooking gas, has surged dramatically from N700 per kilogram in June 2023, around the time President Bola Tinubu assumed office, to…
Effective public sector vital for national development – Directors
The Chartered Institute of Directors of Nigeria has emphasized the critical importance of effective public sector governance as Nigeria faces the complex challenges of the 21st century. In a recent…
More than 60% of Nigerians live in slums – Stakeholders
Stakeholders in the built environment have revealed that 60 per cent of Nigerians reside in slums. This was disclosed by the stakeholders at the 33rd Lagos Builders’ Conference and annual…
