Electricity tariff to increase as DisCos demand review
The 11 power distribution firms in Nigeria have requested a review of their varied electricity tariff, according to a statement released by the federal government on Thursday. This was done…
GWR receives over 1,500 applications from Nigerians in two months
Over 1,500 applications from Nigerians were received by Guinness World Records in the last two months, according to the organization. Nigeria, which is generally one of the top countries for…
Max Air: NCAA to investigate fuel suppliers
The Nigerian Civil Aviation Authority announced that it would look into the country's aviation fuel suppliers to identify the cause of fuel contamination in Max Air's Boeing 737-300 aircraft. The…
13 Chinese nationals detained in Kwara for illegal mining
13 Chinese nationals have been detained by the Economic and Financial Crimes Commission for allegedly indulging in illegal mining activities in Ilorin, Kwara State. This information was released by the…
Elektron energy, EKEDP partner to build Lagos power plant
Elektron Energy has invested $50 million in a 30-megawatt integrated natural gas-fired power station in Lagos, Nigeria, in collaboration with Eko Electricity Distribution Plc. Energy infrastructure firm Elektron Energy Development…
Group challenges TikTok ban in Texas
A group filed a lawsuit against the state of Texas on Thursday, claiming that the state's prohibition on public university personnel using the Chinese-owned short video app TikTok on state-owned…
Crude oil production hits 1.48mbpd in June – NUPRC
Nigeria produced 1.48 million barrels per day of crude oil in June 2023, including 55,088 and 176,030 bpd of blended and unblended condensates, respectively, according to the National Upstream Petroleum Regulatory…
Chinese hackers hack US Commerce chief’s emails
Secretary of the U.S. Department of Commerce, Gina Raimondo, has become one of several high-ranking Americans whose emails were compromised earlier this year by hackers that Microsoft claims is located…
How growing costs affected United Capital’s Q2 2023 profits – Report
The unaudited financial statement for United Capital Plc's second quarter, which concluded on June 30, 2023, has been made public. In comparison to the N9.11 billion recorded during the same…
Crypto lender Celsius CEO Alex Mashinsky arrested, sued for fraud
Celsius Network's creator and former CEO, Alex Mashinsky, has been detained and charged with fraud on Thursday, according to a U.S. prosecutor in New York. According to the indictment, which…
Associated Press partners OpenAI to explore generative AI news
News publisher Associated Press disclosed on Thursday that it has established a partnership with OpenAI to share some news content and technology. This is as the two companies explore the…
FBN Holdings’ share price fall as investors fret over shareholder disputes
As investors reacted poorly to the shareholder crisis now playing out at the bank, FBN Holding's share price dropped by 10% for the second day in a row. According to…
