FG unfazed by IOC divestments, says Lokpobiri
The Minister of State for Petroleum Resources, Heineken Lokpobiri stated that the Federal Government has no cause for concern despite international oil…
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Shell grants $1.98bn in contracts to Indigenous firms
Shell Companies in Nigeria announced that they awarded contracts worth $1.98 billion to indigenous companies in 2023, as part of efforts to…
Industry minister to discuss $2.4bn FX forward contracts with CBN
The Minister of State for Industry, Trade, and Investment, Senator Owan Enoh, has pledged to engage with the Central Bank of Nigeria…
Niger junta takes over French-controlled uranium mine
French nuclear fuels group Orano has announced that it has lost operational control of its Somair uranium mine in Niger, citing interference…
Nollywood ‘A Ghetto Love Story’ grosses ₦51m at box office
Nollywood’s latest sensation, “A Ghetto Love Story”, produced by comedian-turned-filmmaker Bright Okpocha, popularly known as Basketmouth, has achieved a remarkable ₦51 million…
Netflix denies exit from Nigerian market amid speculation
Netflix has denied reports suggesting it is exiting the Nigerian market, reaffirming its commitment to investing in local content. The speculation arose…
OpenAI hits 300m weekly users for ChatGPT
OpenAI has reached a significant milestone, with its ChatGPT service now boasting 300 million weekly active users. This was disclosed by the…
Senate investigates NNPCL over ₦8.4tn subsidy claims
The Senate has approved the 2025–2027 Medium Term Expenditure Framework and Fiscal Strategy Paper on Tuesday, paving the way for President Bola…
Oil prices stable as traders await OPEC+ decision
Oil prices held steady on Wednesday as traders awaited an expected OPEC+ decision to extend supply cuts, while geopolitical tensions remained a…
Nigeria, others spent $1.4trn on debt servicing in 2023 – World Bank
The World Bank’s latest International Debt Report has revealed that developing nations spent $1.4 trillion on foreign debt servicing in 2023, marking…
Mitsubishi suffers $90m loss in suspected copper fraud
Mitsubishi Corp. has reported a loss exceeding $90 million in China due to suspected fraud involving one of its copper traders, highlighting…
Bank customers pay N133.89bn in electronic money transfer levy
Nigerian bank customers paid a total of N133.89 billion in electronic money transfer levies to the government between January and August this…