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Dangote refinery to begin fuel, diesel refining November  - Report
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Dangote refinery to begin fuel, diesel refining November  – Report

The Dangote Refinery is scheduled to begin refining diesel and jet fuel in October 2023, and petrol refining in November 2023. According to The Times, the executive director of the Dangote Group, Devakumar Edwin, said so in an interview with S&P Global Commodity Insights on September 18. He claimed that in the following two weeks, the Dangote refinery […]

AMCON’s new DG will improve debt recovery, says commentator
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AMCON recovers 70% of bad loans worth N4trn

Despite widespread worries about interest rates, the Asset Management Corporation of Nigeria reported that it had successfully recovered more than 70% of the N4 trillion in bad loans from debtors. The Times reported that this was revealed by the MD/CEO of AMCON, Ahmed Kuru, to reporters in Lagos on Monday. “We have recovered so far more than […]

FG reopens old MMA terminal to reduce flight disruptions
News

FG reopens old MMA terminal to reduce flight disruptions

      The Federal Government has taken a significant step to alleviate flight disruptions and enhance the efficiency of air travel by officially reopening the D Wing of the old international terminal at the Murtala Muhammed International Airport in Lagos. This move comes as part of a broader effort to address the challenges faced […]

No plan to increase fuel price - IPMAN
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No plan to increase fuel price – IPMAN

  By Wilson Adekumola The Independent Petroleum Marketers of Nigeria has dismissed the speculations that there will be hike in the pump price of Premium Motor Spirit otherwise known as petrol following recent increase in crude oil price to $94. According to the Guardian, National President of IPMAN, Chinedu Okoronkwo, made this known while speaking […]

Shareholders to get N1.5bn dividend - NGX Group
Business

NGX earns N264bn after Cardoso’s nomination

The Nigerian Exchange began the week in positive territory as investors reacted to President Tinubu’s nomination of Cardoso as the new Governor of the Central Bank of Nigeria. According to The Times, Dr. Olayemi Michael Cardoso was nominated by President Bola Tinubu on September 15, 2023, to lead the Central Bank of Nigeria for a term of […]

NEITI to release old data, says global body
Business

NEITI reveals $8.264bn unpaid debt in oil and gas industry

The Nigerian Extractives Industries Transparency Initiative has reported that the entire outstanding financial liabilities in the oil and gas sector owed to the Federation amount to a sizeable $8.264 billion, which is a discovery of the utmost importance. According to The Punch, a significant percentage of $13.591 million of this astonishing amount was designated as revenues payable […]

Business

Why Henessy is most preferred luxury alcohol in Nigeria – Report

The favourite cognac brand in Nigeria and all of Africa is Hennessy, a French brand owned by Mot Hennessy (a subsidiary of LVMH), according to a recent consumer study by market research company Sagaci Research. According to The Times, only 4% of Africans presently consume brandy and cognac, with English-speaking areas driving demand, according to […]

Yusuf Mehdi to take over operations in Microsoft
News Tech

Yusuf Mehdi to take over operations in Microsoft

Microsoft’s Yusuf Mehdi, who leads its consumer marketing initiatives is set to take over the company’s Surface and Windows operations with the external PC makers and retail partners as product leader Panos Panay steps down. According to Bloomberg, Panay is being hired by Amazon to lead the division in charge of the company’s Alexa and […]

Microsoft AI researchers expose 38TB internal data
News Tech

Microsoft AI researchers expose 38TB internal data

Microsoft AI researchers unintentionally exposed tens of terabytes of secret keys and passwords while publishing a storage bucket of open-source training data on GitHub. According to research that cloud security startup Wiz shared with TechCrunch, as part of its ongoing investigation into the unintentional disclosure of cloud-hosted data, the company found a GitHub repository that […]

China to draft working standard for metaverse
News Tech

China to draft working standard for metaverse

The Chinese Ministry of Industry and Information technologies announced that it will create a working group to define standards for the metaverse. This comes as Beijing aims to be a worldwide standards-setter for emerging technologies. The ministry On Monday, unveiled a draft proposal to establish a working group for the metaverse, a collection of online […]

Oil and Gas

Brent oil trades at over $94 per barrel – Report

Brent oil’s price stayed steady at $94.30 per barrel on Monday, September 18, at 5:14 AM (GMT+1), according to an analysis of the global petroleum market’s movements using data from Oil Price. The Times reported that Brent’s price fluctuated over the previous weekend between $93 and $94 per barrel, illuminating a minor market movement. There […]