Oil imports fall by 35% in Q2 – CBN
Nigeria's oil imports saw a significant decline of 35% in the second quarter of 2024, totaling $2.79 billion, down from $4.31 billion in the previous quarter. This drop is highlighted…
Manufacturers under Band A electricity struggling, says MAN
The Manufacturers Power Development Company Limited established under the Manufacturers Association of Nigeria, has raised concerns over the unsustainable energy costs facing manufacturing firms, particularly those in the Band A…
Global stocks surge to best week since August
Global stock markets are on track for their best week since August, with investor sentiment buoyed by U.S. President Donald Trump’s decisive election victory and a fresh round of fiscal…
Data depletion, billing issues top consumer complaints – NCC
The Nigerian Communications Commission has identified data depletion and billing issues as the leading complaints among telecom consumers in Nigeria, attributing these challenges to the complexity of telecom tariffs and…
ChitChat unveils remittance service in 13 countries
ChitChat, a leading African social commerce platform, has unveiled a new remittance feature designed to enable seamless cross-border money transfers across 13 countries worldwide. The feature, announced in a statement…
SON, NMDPRA responsible for certifying imported petrol – Oil Marketers
The Standards Organisation of Nigeria and the Nigerian Midstream and Downstream Petroleum Regulatory Authority are responsible for certifying imported Premium Motor Spirit, commonly known as petrol, according to oil marketers.…
Jumia records $20m operating loss in 2024 Q3
Jumia Technologies, Africa’s leading e-commerce platform, reported a challenging third quarter for the period ending September 30, 2024, with an operating loss of $20.1 million. The company, which has been…
Customs seize 16 containers of illicit drugs
The Nigeria Customs Service, Tincan Island Command, has announced it intercepted 16 containers containing illicit substances, unregistered pharmaceutical products, and other prohibited items, discharged between May 17 and October 23,…
Why national grid collapsed again- TCN
The Transmission Company of Nigeria has attributed Thursday’s nationwide power grid collapse to ongoing repair works in the sector. In a statement, TCN spokesperson, Ndidi Mbah explained that the disturbance…
NNPCL dismisses claims of selling adulterated petrol
The Nigerian National Petroleum Company Limited has refuted claims circulating on social media that the company is selling adulterated Petroleum Motor Spirit, known as petrol. The company's Chief Corporate Communications…
Discos, Gencos, others get approval to supply Ekiti with off-grid electricity
Ekiti State Government has granted licenses to three electricity distribution companies, four generation companies, and two mini-grid generation companies as part of its strategy to implement an off-grid electricity supply…
Crude prices drop as dollar strengthens
Oil prices extended their decline on Thursday, driven by a stronger dollar and reduced crude imports in China, which outweighed potential supply disruptions linked to Donald Trump’s presidential win and…
