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NNPCL eyes 1.9mbd oil output in 2025 –

  • 23rd May 2025

Shell urges local firms to seize deepwater, offshore

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NGX foreign transactions drop 91% in April

  • 23rd May 2025

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FG shifts aviation policy to prioritize local airlines

Aviation
Two injured as aircraft crashlands in Kwara

JUST IN: Two injured as aircraft crashlands in Kwara

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The parent company of Nigerian logistics startup Kwik has been declared bankrupt by a court in Amsterdam, following a lawsuit filed by a former employee.

Kwik parent company declared bankrupt in Amsterdam

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FG to sanction airlines flying passengers without visas into

Aviation

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Aviation

FG shifts aviation policy to prioritize local airlines

The Federal Government has announced a shift in its aviation policy, opting to focus on strengthening local airlines rather than pursuing the creation of a national carrier. This new direction was disclosed by the Minister of Aviation and Aerospace Development, Festus Keyamo, at the launch of a book titled “100 Years of Civil Aviation in […]

Two injured as aircraft crashlands in Kwara
featured News

JUST IN: Two injured as aircraft crashlands in Kwara

Two individuals have been hospitalised following the crash-landing of a Diamond training aircraft operated by the Aviation Training School in Ilorin, Kwara State. The incident occurred around 4:00 p.m. on Saturday during a simulated instrument approach at the Ilorin International Airport. The aircraft veered off Runway 05 during the simulation and came to a halt […]

The parent company of Nigerian logistics startup Kwik has been declared bankrupt by a court in Amsterdam, following a lawsuit filed by a former employee.
News

Kwik parent company declared bankrupt in Amsterdam

The parent company of Nigerian logistics startup Kwik has been declared bankrupt by a court in Amsterdam, following a lawsuit filed by a former employee. Despite the bankruptcy ruling, Kwik’s CEO, Romain Poirot-Lellig, maintains that the company remains solvent and operational. Unlike Gokada’s high-profile Chapter 11 bankruptcy in the United States—a legal process designed to […]

Aviation

FG to sanction airlines flying passengers without visas into Nigeria

The Minister of Interior, Olubunmi Tunji-Ojo, has announced that airlines flying passengers into Nigeria without valid visas will face sanctions. Speaking at a sensitization programme on the newly launched e-visa policy in Lagos on Friday, Tunji-Ojo said the enforcement measure follows consultations with the Minister of Aviation and Aerospace Development, Festus Keyamo, and the Director […]

EU plans ban on Russian gas imports by 2027
Agribusiness

EU unveils agribusiness platform to boost Nigeria’s agriculture

The European Union has unveiled the EU-Nigeria Agribusiness Platform, a strategic initiative aimed at bolstering Nigeria’s agricultural sector by fostering inclusive growth, attracting investment, and enhancing food security. The launch, held on Friday in Abuja, underscores the EU’s commitment to supporting the Nigerian government’s efforts to position agriculture as a cornerstone of economic development. The […]

Trump signs executive order establishing US Bitcoin reserve
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Harvard sues Trump administration over international student ban

Harvard University filed a lawsuit on Friday seeking to overturn President Donald Trump’s administration ban that prevents the private school from enrolling international students, citing allegations that the university tolerated “anti-American, pro-terrorist agitators” on campus. The legal action followed the Department of Homeland Security’s recent decision to revoke Harvard’s authorization to enroll foreign students under […]

Vendease CFO Mohamed Chaudry steps down amid major restructuring
News

Vendease CFO Mohamed Chaudry steps down amid major restructuring

Chief Financial Officer and co-Chief Operating Officer at Vendease, the Y Combinator-backed food procurement startup serving restaurants across Africa, Mohamed Chaudry, has stepped down. His resignation comes after a period of intense restructuring within the company. Over the past few months, Vendease has undergone significant changes, including two rounds of layoffs that affected 180 employees, […]

Nigerian startup Terrahaptix clinches $1.2m security deal, beats Israeli rival
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Nigerian startup Terrahaptix clinches $1.2m security deal, beats Israeli rival

Nigerian autonomous systems startup Terrahaptix has secured a $1.2 million contract from private security firm Nethawk Solutions, edging out competition from an Israeli company to land the five-year deal. Under the agreement, Terrahaptix will deploy its AI-powered drones and solar-powered sentry towers to bolster security at two hydroelectric power plants in Nigeria, targeting regions plagued […]

Business

NNPCL eyes 1.9mbd oil output in 2025 – Ojulari

The Nigerian National Petroleum Company Limited is on track to boost crude oil production to 1.9 million barrels per day by the end of 2025, according to Group Chief Executive Officer Bashir Bayo Ojulari. The ambitious target was announced during the inauguration of the NNPC Ltd Board at the State House in Abuja on Thursday, […]

News

No more exploitation, AGF Fagbemi celebrates Nigeria’s $210m P&ID case win

The Nigerian Government has announced the recovery of $210 million following a hard-fought legal battle against Process and Industrial Development Limited over a failed gas contract. Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, SAN, revealed the development on Thursday evening while receiving members of the legal team that represented Nigeria in […]

Iraq lifts ban on Telegram
Tech

Vietnam blocks Telegram for refusing to share user data – Report

Vietnam’s Ministry of Information and Communications has ordered telecom providers to block the messaging app Telegram after it reportedly failed to cooperate in tackling criminal activities on its platform, Reuters reported on Friday, citing an official government document. The document, dated May 21, instructs telecom companies to immediately block Telegram and submit reports on their […]

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New NNPC board urges patience amid oil sector reforms

Musa Kida, the new non-executive Chairman of the Nigeria National Petroleum Corporation Limited, has called on Nigerians to be patient as the board works to reform the oil sector. After their inauguration by President Bola Tinubu, Kida described the task as “a huge assignment” but assured that the board is committed to fixing the sector. […]

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