Category: News

30 injured, jet fuel spills in tanker collision near England coast

Two ships on Monday collided off the eastern coast of England on Monday near the...

NNPC halts naira-for-crude deal, impacting Dangote, others

The Nigerian National Petroleum Company Limited has suspended the naira-for-crude oil swap arrangement with domestic...

Fire incident at Aba power facility contained – Management

Geometric Power, an integrated power company said it has successfully contained a fire outbreak at...

MTN, Airtel cut $1.2bn debt to reduce FX burden

MTN Nigeria Communications Plc and Airtel Africa have significantly reduced their foreign debt, repaying a...

Blackout: US embassy reschedules visa applications in Lagos, Abuja

The United States Department of State has attributed the recent visa application challenges for Nigerians...

Deceased retirees’ relatives receive N274bn in death benefits – PenCom

The National Pension Commission has disbursed N274.34 billion in death benefits to 45,976 beneficiaries over...

NCDMB acquires 20% stake in 100,000bpd Rivers refinery project

The Nigerian Content Development and Monitoring Board has acquired a 20% equity stake in a...

UK-Nigeria trade hits £7.8bn

Nigeria-United Kingdom trade is currently valued at £7.8 billion, according to UK Deputy High Commissioner,...

Seplat reports 11% increase in production after SEPNU acquisition

Seplat Energy Plc has recorded an 11% surge in total production following its acquisition of...

World’s richest woman, brother lose $5.4bn as Walmart shares decline

The world’s richest woman, Alice Walton, and her brother Jim Walton have seen their collective...

Naira declines, erasing recent gains in official, parallel markets

Over the past week, the Nigerian naira experienced a depreciation against the US dollar in...

Gold holds steady as economic uncertainty fuels safe-haven demand

Gold prices remained steady after last week’s gains as growing concerns about the global economy...