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Myspace seeks comeback as algorithms reshape social media

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Oil and Gas

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NUPRC revokes Oritsemeyin rig licence over safety breach

The Nigerian Upstream Petroleum Regulatory Commission has revoked the operating licence of the Oritsemeyin Rig after a drilling incident at the UDIBE-2 wellbore raised serious safety concerns. In a statement posted on its official X on Friday, the commission said the licence revocation followed a review of the UDIBE-2 drilling operation. During the operation, a […]

News

Dangote’s free fuel delivery could harm competitors – NUPENG

The Nigeria Union of Petroleum and Natural Gas Workers has described Dangote Refinery’s plan to distribute free petrol as a “Greek gift,” suggesting the move could undermine other industry players. Dangote Refinery announced on Thursday that it would begin direct, free petrol supply in 11 states. In a statement on Friday, signed by NUPENG President, […]

Microsoft plans for collaboration with AI agents
Tech

Microsoft escapes antitrust fine as EU approves Teams separation plan

The European Union on Friday said it has accepted Microsoft commitments to separate its Teams communication platform from its popular Office productivity apps. The move spares Microsoft a potential antitrust fine after the European Commission last year accused the company of breaching competition rules by “abusively” bundling Teams with Office products. “With today’s decision, we make […]

Air Peace denies alleged safety protocol violations in UK
Aviation

Air Peace rejects NSIB report over crew’s alcohol, drug use

Air Peace has denied reports alleging its crew tested positive for alcohol after the July 13, 2025 incident at Port Harcourt International Airport, stressing that the Nigerian Safety Investigation Bureau has not officially communicated any findings to the airline. In a statement on Friday, the carrier described the claims as misleading, noting that neither it […]

Air Peace denies alleged safety protocol violations in UK
Aviation

Air Peace under probe after flight crew test positive for alcohol

The Nigerian Safety Investigation Bureau has confirmed that the pilot and co-pilot of an Air Peace flight tested positive for alcohol after a runway excursion at Port Harcourt International Airport on July 13, 2025. A preliminary report released Friday also revealed that a cabin crew member tested positive for Tetrahydrocannabinol, the psychoactive substance in cannabis. […]

Honda boosts food production with new mechanised equipment
Agribusiness

FG to distribute 2,000 tractors, boost year-round farming

The Minister of Agriculture and Food Security, Abubakar Kyari, has announced that the Federal Government will soon distribute 2,000 tractors to farmers nationwide to support dry-season and all-year farming. In an interview with ARISE News on Friday, Kyari noted that the tractors and implements, commissioned earlier in the year, are intended for practical use in […]

Business

FG, Afreximbank sign $500m deal for gas infrastructure

The federal government, through the Midstream and Downstream Gas Infrastructure Fund, has entered into a memorandum of understanding with Afreximbank to mobilise $500 million over the next four years for major gas infrastructure projects. In a statement issued on Thursday, the government said the investment will drive the development of pipelines, processing plants, liquefied natural […]

Aliko Dangote
Business

Dangote Refinery dismisses NUPENG allegations of anti-labour practices

Dangote Petroleum Refinery has rejected allegations by the Nigeria Union of Petroleum and Natural Gas Workers that it barred tanker drivers from union membership, describing claims of anti-labour practices, monopolistic conduct, and plans to raise fuel prices as “baseless.” NUPENG had on Monday shut down depots, alleging that Dangote prevented newly hired drivers of its […]

UK economy hits unexpected growth
News

UK economy stalled in July amid signs of slowdown

The United Kingdom economy recorded no growth in July, the Office for National Statistics reported Friday. The flat reading was in line with expectations from economists surveyed by Reuters, following June’s 0.4 per cent expansion. This comes after the economy grew 0.3 per cent in the second quarter, a slowdown from the stronger 0.7 per […]

Business

Banks, Fintechs top consumer complaints list – FCCPC report

Nigeria’s consumer protection watchdog says banks and fintechs remain the leading sources of customer grievances, with over 4,600 complaints filed between March and August 2025. The Federal Competition and Consumer Protection Commission, in a sectoral report released Thursday, said it secured more than N10bn ($6.7m) in refunds for affected consumers during the five-month period. The […]

Dangote Refinery loses N32.5bn after petrol price cut
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Dangote Refinery to begin direct fuel supply to 11 states

Dangote Group has announced that its petroleum refinery will begin direct petrol supply to 11 states from Monday, September 15, 2025. In a statement released Thursday via its official X account, the company said pump prices will be N841 per litre in Lagos, Ogun, Oyo, Ondo, Osun, and Ekiti, and N851 per litre in Abuja, […]

Business

Oil prices fall despite Middle East, Ukraine conflict concerns

Oil prices extended losses on Friday, weighed down by fears of weakening United States demand and global oversupply, which overshadowed concerns about potential supply disruptions from conflicts in the Middle East and Ukraine. Brent crude futures slipped 49 cents, or 0.74 per cent, to $65.88 a barrel early this morning, while U.S. West Texas Intermediate […]

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