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Jumia Nigeria’s Black Friday kicks off Nov 4

The 2022 edition of Jumia’s ‘Black Friday’ sales tagged ‘Beat Sapa’ kicked off today November 4, and will run till November 27.   The Company has urged consumers to leverage Jumia Black Friday to navigate economic challenges.   Jumia launched its 2022 edition of its Black Friday shopping event with the campaign, tagged ‘Beat Sapa’, […]

News Oil and Gas

Court extends Oando’s minority share acquisition deadline

Oando Plc has been granted a 90-day court-ordered extension to create and file the Scheme of Arrangement Document for the acquisition of shareholders’ minority shareholding. This was contained in a statement released on Thursday which also revealed that Venus Construction Company Limited, one of Oando’s minority shareholders, had petitioned the court to order Ocean and […]

Banking Economy

CBN’s plan to redesign naira purely political- Obaseki

Edo State Governor, Godwin Obaseki, has criticized the plan to redesign naira notes, asserting that it is solely a political initiative without any economic justification. He made the statement while while launching the Edo PDP Women Campaign Council at the Presidential Campaign Secretariat in Benin City the state capital. They say we should all bring […]

FG owes road contractors over N11tn – Fashola
News

FG owes road contractors over N11tn – Fashola

The Minister of Works and Housing, Babatunde Fashola (SAN) on Tuesday revealed that the federal government is owing contractors about N11.16tn for the construction of various highways across the country and certificates of completion. According to The PUNCH, Fashola made this known while defending the proposed budget of his ministry in the 2023 Appropriation Bill, […]

ECOWAS targets 70% sustainable energy by 2030
News Uncategorized

ECOWAS targets 70% sustainable energy by 2030

The Economic Community of West African States member states will have access to sustainable energy, the ECOWAS Centre for Renewable and Energy Efficiency has said. This was disclosed on Tuesday in Abuja during the closing ceremony of the seventh ECOWAS Sustainable Energy Forum 2022 by Francis Simpore, executive director of ECREE. “Our strategic objective is […]

Dangote to slash sugar import by 40%
Oil and Gas Uncategorized

Dangote refinery’ll account for half of Africa’s oil – OPEC

The capacity of the Dangote Refinery, according to the Organization of Petroleum Exporting Countries, will account for more than half of Africa’s expected distillation additions in the medium term. This was stated by OPEC in its latest World Oil Outlook, which Nairametrics saw on October 31. OPEC estimates that Arica’s distillation additions in the medium […]

Ports and Airports Uncategorized

NPA commissions first export processing terminal in Lagos

The Managing Drector of the Nigerian Ports Authority, Mohammed Bello-Koko, commissioned the first Export Processing Terminal in Lagos on Tuesday to facilitate export-bound cargo access to the Lagos Seaports – Apapa and Tin-Can Island. The Diamond Star EPT, the first of ten licenced terminals to be commissioned by the NPA, will allow Nigeria to maximise […]

Flights to South-South most expensive - NBS
Aviation

Air Transport Services union suspends strike

The Air Transport Services Senior Staff Association of Nigeria has called off its industrial action over Bi-Courtney Aviation Services Limited’s sacking of its staff. It would be recalled that the union had proceeded on the industrial action to protest the sacking of 34 members of the union without due process. According to Vanguard, the Deputy […]

Oil and Gas

Conoil records N90bn revenue in nine months

Petroleum products marketing firm, Conoil Plc has reported a profit of N90.29 billion in the first 9 months of 2022. According to Nairametrics, before taxes, the company made N2.9 billion in the first nine months of the year, compared to N1.59 billion during the same time last year. It recorded a gross profit margin of […]

Flights to South-South most expensive - NBS
News

Aviation workers protest disengagement at Lagos airport

Members of the Air Transport Services Senior Staff Association of Nigeria on Tuesday protested against the unprovoked termination” of the appointment of 34 aviation workers by the operators of the airport terminal, the B-Courtney Aviation Services Limited. According to Channels, the protesting workers blocked the entrance gates of the Murtala Mohammed Airport 2 Terminal in […]

News

Amaechi’s patriotism remained till death, Obi mourns ex-minister

The Presidential Candidate of the Labour Party, Peter Obi, on Tuesday mourned the first republic minister of aviation, Mbazulike Amaechi.   In a condolence message released on Tuesday, Obi stated that the patriotism of the ex-minister reminded till his last moment. AMBusiness reported that the former aviation minister died in the early hours of Tuesday. […]

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