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NBTE endorse national standards for gas-powered vehicles

The National Board for Technical Education has approved the National Occupational Standards for the conversion, calibration, and maintenance of autogas-powered vehicles and the operation and maintenance of electric vehicles. This was disclosed in a statement signed by the Director General of the National Automotive Design and Development Council, Mr Oluwemimo Osanipin, according to The Punch. […]

News

FG owed N3tn by revenue-generating agencies – FAAC

The federal government could face a potential loss of N2.97 trillion and $36.33 million if revenue-generating agencies in the country do not reconcile unremitted revenues received. The amount owed by an undisclosed number of agencies as of April 2024 was revealed at the Federal Account Allocation Committee on Monday, according to The Punch. The Vice […]

Dangote Refinery loses N32.5bn after petrol price cut
Oil and Gas

Dangote refinery to make first fuel shipment to Asia

Dangote Refinery is set to dispatch a shipment of low-sulfur straight-run fuel oil from Nigeria to Singapore this week, marking its debut in the Asian market, according to ship tracking data and market sources. This shipment establishes a new trade route from the recently inaugurated refinery to Asia, addressing the consistent demand for low-sulfur fuel […]

News

FG unveils 17 new oil blocks for bidding

The Federal Government has announced the addition of 17 deep offshore oil blocks to the 2024 Licensing Round for oil fields in Nigeria. This was disclosed in a statement by the Chief Executive Officer of Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, at the pre-bid conference for the 2024 licencing round in Lagos on Tuesday, […]

News

Arik Air ordered to pay over $24,000 to ex-worker

An Industrial Court sitting in Lagos has ordered Arik Air to pay eight months’ salary arrears to an ex-worker, Mrs Andreia Perdigao, after she was wrongfully sacked. The Arik air worker approached the court after she was sacked in 2017, having worked for the airline for about three years, according to The Punch. She prayed […]

News

SMDF trains Nigerian geoscientists on cost/time-saving mineral exploration process

The Nigeria Solid Minerals Development Fund has conducted a one-day staff training following the signing of a Memorandum of Understanding with GeoScan GmbH of Berlin, Germany during the German Chancellor’s visit in October 2023. This was disclosed in a statement by the head of corporate communications of SDMF, Idowu Jokpeyibo, according to Businessday. Jokpeyibo stated […]

News

Asian, Turkish firms replacing Western multinationals exiting Nigeria – Report

As international corporations based in the United States and Europe leave Nigeria, Asian and local businesses are filling the hole. Last week, London-based Diageo Plc sold its controlling investment in Guinness Nigeria Plc to Singapore’s Tolaram Group Inc. The Fouani Group, a local company, operates a diaper and sanitary pad production in a property where […]

News

Ecobank commits to supporting ‘adire’ export

Ecobank Nigeria has reaffirmed its commitment to utilizing the African Continental Free Trade Agreement to increase the export potential of locally manufactured Adire textiles. This was disclosed by the Executive Director of Commercial Banking, Ecobank Nigeria, Kola Adeleke, at the ongoing third edition of the annual Ecobank ‘Adire Lagos Experience’, according to The Punch. The […]

Aviation

Keyamo, NCAA DG met dilapidated industry with poor infrastructure – Spokesperson

The Director of Public Affairs and Consumer Protection of the Nigeria Civil Aviation Authority, Michael Achimugu has said that Festus Keyamo the Minister of aviation and aerospace development, and Chris Najomo, Acting Director of General Civil Aviation were pivotal to Nigeria’s 71.04 per cent score during the recently concluded International Civil Aviation Organization conducted Universal […]

MultiChoice denies DStv, GOtv subscription prices claims
News

MultiChoice denies DStv, GOtv subscription prices claims

Multichoice, the parent company of DStv and GOtv, has denied claims that their subscription packages in Nigeria have been cut, according to Businessday. According to a company source, only decoder prices have been decreased, while subscription fees have not altered. “We only reduced our decoder prices and not subscription prices. “The DStv Zapper was slashed […]

Police rescue Fouani brothers abducted in Lagos
News

Police rescue Fouani brothers abducted in Lagos

The Lagos police command has announced the successful rescue of the three Fouani brothers, who were abducted on June 14. The brothers, identified as Abbas, Youssef, and Amtal Fouani, were reportedly kidnapped around 6 pm on June 14 while returning by boat from their factory in Apapa to Victoria Island. The Fouani brothers are associated […]

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