October 13, 2024
Experts have warned that, following the presumed full deregulation of Premium Motor Spirit, or petrol, prices may increase again soon after last week's hike. The experts based their warning on…
Manufacturers call for tax relief amid dwindling sales
The Manufacturers Association of Nigeria has urged the government to provide tax relief for manufacturers to help them manage the decline in sales. The Director General of MAN, Segun Ajayi-Kadir…
Dangote seeks 650,000 barrel FPSO vessel to boost crude production
Dangote Group is looking to acquire a floating production, storage, and offloading vessel with a capacity of 650,000 barrels to support its upcoming oil production initiatives. This move aligns with…
Ex-FTX exec causes stir on LinkedIn with inmate position declaration
Former FTX executive Ryan Salame took to LinkedIn to humorously announce his new position as an inmate at FCI Cumberland, where he will serve a seven-and-a-half-year prison sentence that began…
Lagos FPSO facility to enhance crude oil output – Petroleum minister
The Minister of Petroleum Resources (Oil), Heineken Lokpobiri, has announced that the Floating Production Storage and Offloading facility in Lagos, a joint venture between NNPC Limited and Century Nigeria Limited,…
Obi condemns fuel hike, says it’s unfortunate, insensitive
The former Anambra State Governor and the Presidential Candidate of the Labour Party, Peter Obi has criticized the recent increase in petrol prices, labeling it as "unfortunate" and "insensitive" to…
Maize production costs surge by 69.7% locally – NARLS
The National Agricultural Extension and Research Liaison Services released its 2024 Wet Season Agricultural Performance report on Friday, highlighting increased production costs for staple crops such as rice and maize.…
Experts demand robust AI regulations to protect African data
Stakeholders at the Nigeria Fintech Week in Lagos urged African governments to strengthen regulations on Artificial Intelligence to protect the continent’s data sovereignty. They warned about the risks of foreign…
Elon Musk unveils Optimus humanoid robot
Tech billionaire Elon Musk has unveiled the next-generation humanoid robot, Optimus, declaring its capabilities as boundless and setting the stage for a new era in robotics. Musk made the bold…
Speaker sets three-week deadline to tackle double taxation issue
The Speaker of the House of Representatives, Rep. Tajudeen Abbas, has given the Committees on Finance and the Federal Inland Revenue Service a three-week deadline to identify and eliminate double…
NUP apologises to Fidelity Bank over false stability claim
The Nigeria Union of Pensioners has issued a formal apology to Fidelity Bank Plc for a false story published earlier this year by one of its members, Comrade Abiodun Michael,…
Dangote, Grenada’s PM discuss potential Caribbean trade deal
The Chairman and CEO of the Dangote Refinery, Aliko Dangote, recently met with Grenada's Prime Minister, Dickson Mitchell to discuss a potential trade deal aimed at strengthening trade relations between…
