External reserves get $679.12m boost in one month
Figures obtained from the Central Bank of Nigeria have revealed that the country's external reserves returned to a growth path after gaining $679.12m in June. According to The PUNCH, the…
Pilots reject Lagos airport runway closure
Some Nigerian pilots have kicked against the Federal Airports Authority of Nigeria's planned closure of the domestic runway of the Murtala Muhammed Airport in Lagos. AMBusiness quoting FAAN reported on…
Marketers, depots clash over 16.6bn litre fuel diversion
Allegations of diversion of 16.6 billion litres of fuel to neighbouring nations have sparked among between oil marketers and depot owners. A top official of the Depots and Petroleum Products…
Flutterwave denies money laundering allegations
A Nigerian fintech startup, Flutterwave, has rubbished allegations that it participated in a $59 million money-laundering scheme in Kenya that resulted in the closure of the company's bank accounts. A…
NGF says subsidy’ll affect payment of salaries
The Nigeria Governors’ Forum has said that rising subsidies on petroleum products now place a huge financial burden on the states and will affect the payment of salaries. According to…
Fuel queues worsens as marketers sell N175/litre, plan strike
Against the stipulated N165/litre, some filling stations on Wednesday sold Premium Motor Spirit at 175/litre, even as the oil marketers insist on embarking on a nationwide strike if the government…
Kenyan court freezes Flutterwave accounts over money laundering
A High court in Kenya has frozen bank accounts linked to a Nigerian fintech company, Flutterwave, over alleged money laundering and card fraud. Flutterwave which is run by Gbenga Agboola…
Lagos airport runway to be shut for three months
The Federal Airports Authority of Nigeria confirmed that the domestic runway of the Murtala Muhammed Airport, Lagos will be completely closed for three months. This is to enable some repairs…
Operators blame weak naira, others for energy crisis
Oil and gas operators have identified the devaluation of the naira, amongst other challenges, as the cause of Nigeria’s energy crisis. The PUNCH quoted the operators as saying that these…
Discos to fight FG over takeover, restructuring
The receiver/manager’s nominee of Integrated Energy Distribution and Marketing Company has kicked against the Federal Government's takeover and restricting plans. According to The PUNCH, the firm on Wednesday said it…
OPEC outgoing Secretary General Barkindo is dead
Secretary General of the Organisation of Petroleum Exporting Countries, Mohammad Barkindo, is dead. He died about 11pm on Tuesday. His death was announced in the early hours of Wednesday by…
90% Nigerians lack cooking fuels, 62% without electricity -FG
About 62 per cent of citizens in Nigeria lacked access to electricity, while 90 per cent had no access to modern cooking fuels, the Federal Government has said. The Minister…
