Business

Nigeria secures $155m clean energy investments

  • 26th July 2026

NGX sheds 0.19% as Presco, banks drag index

  • 25th July 2026

NPF Microfinance Bank grows profit before tax by

  • 25th July 2026

US imposes new tariffs on UK, Canada, others

  • 24th July 2026

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New Zealand hotels booked two years ahead of total

Business

Gatwick Airport water outage leaves passengers without toilets, restaurants

Aviation

Ghana to evacuate 1,000 more workers from South Africa

Transportation

Nigerians may face rice, tomato scarcity within three months

Food

Blog

Experts slam FG as debt servicing nears N10.43tn
News

$1bn annual school feeding programme must be probed – HURIWA

Civil rights advocacy group, Human Rights Writers Association of Nigeria, on Friday, demanded a probe into the Federal Government’s $1bn annual allocation for the National Social Investment Programme. In a statement signed by the group’s National Coordinator, Comrade Emmanuel Onwubiko, HURIWA described described the NSIP which include the school feeding programme as the single biggest […]

  • enitan
  • 8th July 2022
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  • 264 Views
Gas flaring: Oil companies oppose FG’s penalties
Oil and Gas

Gas flaring: Oil companies oppose FG’s penalties

The federal government’s enforcement of penalties for gas flaring as contained in the Petroleum Industry Act 2021 has been opposed by some oil and gas companies in the country. According to The PUNCH, the stand comes as some of the companies commit to gas flare reduction. Speaking during a session at the ongoing 2022 Nigeria […]

US deficits projected $1trn higher over next decade
Economy

External reserves get $679.12m boost in one month

Figures obtained from the Central Bank of Nigeria have revealed that the country’s external reserves returned to a growth path after gaining $679.12m in June. According to The PUNCH, the figures showed that the reserves, which stood at $38.48bn as of June 2, 2022, rose to $39.16bn as of the end of June 30, 2022. […]

Flights to South-South most expensive - NBS
Aviation

Pilots reject Lagos airport runway closure

Some Nigerian pilots have kicked against the Federal Airports Authority of Nigeria’s planned closure of the domestic runway of the Murtala Muhammed Airport in Lagos. AMBusiness quoting FAAN reported on Wednesday that the domestic runway 18L/36R will be completely shut for three months to enable some repairs and installation of Air Field Lighting to be […]

Nigerians bought petrol N191.65 per litre September- NBS
News

Marketers, depots clash over 16.6bn litre fuel diversion

Allegations of diversion of 16.6 billion litres of fuel to neighbouring nations have sparked among between oil marketers and depot owners. A top official of the Depots and Petroleum Products Marketers Association of Nigeria, who craved anonymity, alleged that fuel scarcity was partly due to the diversion of products to neighbouring countries by marketers. According […]

Kenyan court freezes Flutterwave accounts over money laundering
News

Flutterwave denies money laundering allegations

A Nigerian fintech startup, Flutterwave, has rubbished allegations that it participated in a $59 million money-laundering scheme in Kenya that resulted in the closure of the company’s bank accounts. A Kenyan court had ordered the closure of the bank accounts of Flutterwave when the Asset Recovery Agency of Kenya informed the court that 56 bank […]

Oil and Gas

NGF says subsidy’ll affect payment of salaries

The Nigeria Governors’ Forum has said that rising subsidies on petroleum products now place a huge financial burden on the states and will affect the payment of salaries. According to The Punch, the NGF, which is the umbrella body for the 36 governors of the federation across party lines, made this known in a memo […]

Tweeps knock FG as fuel scarcity leaves commuters stranded
News

Fuel queues worsens as marketers sell N175/litre, plan strike

Against the stipulated N165/litre, some filling stations on Wednesday sold Premium Motor Spirit at 175/litre, even as the oil marketers insist on embarking on a nationwide strike if the government fails to pay them. Some outlets in Lagos that sold the commodity at N169/litre last week had to adjust their pumps on Wednesday, as they […]

Kenyan court freezes Flutterwave accounts over money laundering
Banking

Kenyan court freezes Flutterwave accounts over money laundering

A High court in Kenya has frozen bank accounts linked to a Nigerian fintech company, Flutterwave, over alleged money laundering and card fraud. Flutterwave which is run by Gbenga Agboola was tied in an investigation involving 56 bank accounts holding 7billion Kenyan shillings ($59.3m) suspected to have been laundered by foreign nationals, according to The […]

  • enitan
  • 7th July 2022
  • 0 Comments
  • 264 Views
Flights to South-South most expensive - NBS
Aviation

Lagos airport runway to be shut for three months

The Federal Airports Authority of Nigeria confirmed that the domestic runway of the Murtala Muhammed Airport, Lagos will be completely closed for three months. This is to enable some repairs and installation of Air Field Lighting to be done, FAAN said in a statement on Wednesday titled, Airfield lighting installation: FAAN to close domestic runway […]

Naira falls N777 against dollar after CBN announcement
Energy

Operators blame weak naira, others for energy crisis

Oil and gas operators have identified the devaluation of the naira, amongst other challenges, as the cause of Nigeria’s energy crisis. The PUNCH quoted the operators as saying that these concerns have prevented investors from investing in Nigeria. The operators made this known at the ongoing 2022 Nigeria Oil and Gas conference in Abuja. According […]

Electricity

Discos to fight FG over takeover, restructuring

The receiver/manager’s nominee of Integrated Energy Distribution and Marketing Company has kicked against the Federal Government’s takeover and restricting plans. According to The PUNCH, the firm on Wednesday said it was the legal and beneficial owner of 60 per cent (controlling and managing) shareholding interests in the Ibadan Electricity Distribution Company. Also, the management of […]

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