Fuel price hike linked to naira devaluation, says Rainoil CEO
CEO of Rainoil Ltd, Dr. Gabriel Ogbeche, has asserted that the soaring fuel prices in Nigeria are largely influenced by the exchange…
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Zenith, GTBank customers express frustration amid lengthy core banking migration
Some of Zenith bank and GTBANK customers recounted their frustrating experiences stemming from the prolonged core banking switch, which has now lasted…
Global giants Rockefeller, Bezos plan 10,000MW mini-grids in Nigeria
A global climate organization supported by the Rockefeller Foundation and the Bezos Earth Fund is piloting a solar mini-grid program in Nigeria…
Minister, NUPRC disagree on oil production goals
The Minister of State for Petroleum Resources, (oil) Heineken Lokpobiri, and the Nigerian Upstream Petroleum Regulatory Commission have differing perspectives on the…
Dangote denies new suit against NNPCL, others over import licenses
The Dangote Group has characterized the lawsuit against the Nigerian National Petroleum Corporation Limited and other oil companies as an “old issue.”…
FIRS urges judiciary support to strengthen tax system
The Federal Inland Revenue Service has emphasized the crucial role of the judiciary in sustaining a robust tax system in Nigeria. The…
Nigeria, USA annual trade reaches $10bn
The Consul-General of the United States Consulate in Lagos, Will Stevens, stated that Nigeria and the US maintain a $10 billion annual…
Legal challenges could delay N102bn Lekki airport project
The Lagos State Government’s plan to build a new airport to complement Murtala Muhammed Airport may face legal challenges due to an…
Microsoft to launch autonomous AI agents in November
Microsoft has announced plans to enable customers to build autonomous AI agents starting in November, aiming to leverage the expanding AI market.…
IBM launches new AI models to capitalize on growing demand
IBM has unveiled the latest version of its artificial intelligence model, “Granite 3.0,” aiming to meet the increasing demand from businesses adopting…
Manufacturing firms reduce debt burden by N1.62tn in H1 2024
Manufacturing companies in Nigeria successfully reduced their debt burden by N1.62 trillion between February and June 2024, according to data from the…
Marketers import fuel as Dangote struggles to meet demand
No fewer than four vessels carrying Premium Motor Spirit, commonly known as petrol, arrived at Nigerian seaports between Friday, October 18, and…