Petrol, diesel subsidised for Nigerian consumers – Dangote Refinery
A senior management official at the Dangote Group on Monday said the Dangote Petroleum Refinery has been effectively subsidising the petrol and…
Business
China blocks Meta’s $2bn acquisition of AI startup Manus
China’s chief economic planning body, the National Development and Reform Commission, announced on Monday that it has halted Meta’s $2 billion takeover…
South Africa withdraws draft AI policy over fake references
South Africa’s Minister of Communications and Digital Technologies, Solly Malatsi, has withdrawn the Draft National Artificial Intelligence Policy after fictitious sources were…
Obasanjo insists Port Harcourt, Warri, Kaduna refineries won’t work
As the Nigerian National Petroleum Company Limited presses ahead with efforts to secure technical partners for the Port Harcourt, Warri, and Kaduna…
NUPRC urges refiners to invest in oil blocks for stability
The Nigerian Upstream Petroleum Regulatory Commission has advised members of the Crude Oil Refinery Owners Association of Nigeria to explore opportunities to…
Lagos court bars Shoprite directors from selling assets over debt
A Federal High Court sitting in Ikoyi, Lagos, has barred Shoprite’s directors from selling any of the company’s shares or assets until…
Toyota sales drop as Middle East tension disrupts supply chains
Toyota reported a drop in sales in March, driven by weaker demand for its top-selling RAV4 ahead of an upcoming refresh of…
DMO plans N700bn federal bond auction for April 27
The Debt Management Office on behalf of the Federal Government of Nigeria, is set to raise N700 billion through a Federal Government…
High levies threaten survival of Nigerian airlines, says CPPE
Nigeria’s aviation industry is under increasing strain as taxes, fees, and regulatory charges now account for as much as 35% of airline…
Lagos signs power purchase deals to boost supply by 400MW
The Lagos State Government has executed Power Purchase Agreements and concession deals with three independent power producers in a move to increase…
Italy okays extradition of Chinese hacker wanted by US
Italy has approved the extradition of a Chinese national sought by United States authorities over hacking allegations, including the theft of COVID-19…
Dangote Refinery expansion to create 95,000 jobs
President of the Dangote Group, Aliko Dangote, has revealed that the planned expansion of the Dangote Refinery to a production capacity of…