Dangote tells FG to stop crude-for-loan deals
The President of Dangote Group, Aliko Dangote has called for Nigeria to stop mortgaging its crude oil to ensure a stable supply of feedstock for local refineries. Speaking at a…
Marketers to begin direct purchases of petrol from Dangote refinery
In a significant shift within Nigeria's oil sector, major oil marketers are set to begin direct purchases of Premium Motor Spirit from the Dangote Petroleum Refinery from this Thursday and…
Russia blocks Discord for violating local laws
Russia's communications regulator has blocked the instant messaging platform Discord for allegedly violating Russian law, according to a report from TASS news agency on Tuesday. This move makes the San…
FTX bankruptcy plan approved, customers set to be repaid
FTX received court approval for its bankruptcy plan on Monday, paving the way for the beleaguered crypto exchange to repay customers using up to $16.5 billion in assets recovered since…
Adobe unveils free tool to protect creators’ AI content rights
Adobe announced on Tuesday that it will introduce a free web-based application next year designed to help creators of images and videos receive proper credit for their work used in…
New York man pleads guilty to distributing porn on OnlyFans
A New York man has admitted to distributing child pornography on the adult content platform OnlyFans. Matthew Richardson, 36, pleaded guilty to one count of distributing child pornography in federal…
13 US states sue TikTok over addiction, child safety claims
TikTok is facing renewed legal challenges as 13 U.S. states and the District of Columbia filed lawsuits on Tuesday, accusing the popular social media platform of failing to protect young…
NCC backtracks stance, says Starlink price hike approved
The Nigerian Communications Commission has reversed its earlier claim that Starlink, the satellite internet service provider, did not obtain regulatory approval for its recent price increase. In a Tuesday morning…
FG designates Dangote refinery sole supplier of Jet A1
The Federal Government has officially designated Dangote Refinery as the exclusive supplier of jet fuel for airline operators in Nigeria. This approval marks a significant development in the aviation sector,…
Nigeria’s capital importation declines 22.85% in 2024 Q2 — NBS
Nigeria's capital importation experienced a notable decline in the second quarter of 2024, falling by 22.85% to $2.60 billion, down from $3.37 billion in the first quarter. This decrease highlights…
Lagos, Abuja airports incur over N1bn monthly electricity bills
The Minister of Aviation, Festus Keyamo has stated that the Lagos and Abuja airports each incur over N1 billion in monthly energy costs. In an interview aired on Channels TV…
CBN initiates global partnerships for improved banking system
The Central Bank of Nigeria has signed Memoranda of Understanding with countries that host subsidiaries of Nigerian banks. This initiative aims to enhance regulatory coordination and ensure safe banking operations…
