Protesters storm NNPC Headquarters, demand end to adulterated fuel imports
A crowd of protesters stormed the National Petroleum Company Limited headquarters in Abuja on Monday, demanding an end to the importation of adulterated fuel into Nigeria. Organized by the Citizens…
Fitch projects rise in Nigerian banks’ non-performing loans
Credit ratings agency, Fitch has projected an increase in non-performing loans among Nigerian banks in 2024, attributing this trend to rising interest rates and inflation. In its latest credit report,…
FG, Moroccan firm partner to explore electric vehicle production
The Federal Government, via the National Automotive Design and Development Council, is set to initiate local manufacturing and assembly of electric vehicles. This initiative includes a planned partnership with a…
French families sue TikTok for exposing children to ‘harmful content’
Seven French families have filed a lawsuit against TikTok, claiming the platform exposed their adolescent children to harmful content, which contributed to two of them tragically taking their own lives…
Lagos-Calabar highway: Property owners to get N18bn, says Umahi
The Federal Government has increased compensation for property owners impacted by Section 1 of the Lagos-Calabar Coastal Highway project from N8 billion to approximately N18 billion. This was disclosed by…
New depot blending substandard fuel – Dangote refinery
The Dangote Petroleum Refinery has issued a warning to Nigerians regarding a newly established depot, reportedly leased by an unnamed international trading company, which is allegedly blending substandard petroleum products.…
Oil prices surge amid OPEC+ output delay
Oil prices surged on Monday, with Brent futures rising by $1.18, or 1.61%, to $74.28 per barrel, and U.S. West Texas Intermediate crude increasing by $1.21, or 1.74%, to $70.70…
W’Bank projects drop in global commodity prices by 2025
The World Bank has projected a significant decline in global commodity prices, expecting them to reach a five-year low in 2025, driven largely by a substantial oil glut. This surplus…
Lagos, developers meet over distressed buildings redesign
The Lagos State Government has announced plans to hold a meeting with developers and owners of distressed buildings to discuss strategies for redesigning and remodeling these structures by November. Commissioner…
Dangote refinery releases fuel price, tackles marketers
The Dangote Refinery has announced a price reduction for petrol, now available at N960 per litre for shipments via ships and N990 per litre for truck deliveries. The company's Spokesperson,…
Operators eye 80% soybean use in Nigeria
The Nigeria Soybean Stakeholders Coalition aims to boost the country's protein sufficiency by increasing soybean usage in livestock and human diets to 80%. During the coalition's inauguration in Lagos, Chairman,…
Google cloud records 35% growth in 2024 Q3
Google's cloud business has shown impressive growth, achieving a 35% increase year over year in Q3, reaching $11.35 billion. This growth rate has accelerated from 29% in the previous quarter,…
