Dangote seeks 650,000 barrel FPSO vessel to boost crude production
Dangote Group is looking to acquire a floating production, storage, and offloading vessel with a capacity of 650,000 barrels to support its…
News
Ex-FTX exec causes stir on LinkedIn with inmate position declaration
Former FTX executive Ryan Salame took to LinkedIn to humorously announce his new position as an inmate at FCI Cumberland, where he…
Lagos FPSO facility to enhance crude oil output – Petroleum minister
The Minister of Petroleum Resources (Oil), Heineken Lokpobiri, has announced that the Floating Production Storage and Offloading facility in Lagos, a joint…
Obi condemns fuel hike, says it’s unfortunate, insensitive
The former Anambra State Governor and the Presidential Candidate of the Labour Party, Peter Obi has criticized the recent increase in petrol…
Maize production costs surge by 69.7% locally – NARLS
The National Agricultural Extension and Research Liaison Services released its 2024 Wet Season Agricultural Performance report on Friday, highlighting increased production costs…
Elon Musk unveils Optimus humanoid robot
Tech billionaire Elon Musk has unveiled the next-generation humanoid robot, Optimus, declaring its capabilities as boundless and setting the stage for a…
Speaker sets three-week deadline to tackle double taxation issue
The Speaker of the House of Representatives, Rep. Tajudeen Abbas, has given the Committees on Finance and the Federal Inland Revenue Service…
NUP apologises to Fidelity Bank over false stability claim
The Nigeria Union of Pensioners has issued a formal apology to Fidelity Bank Plc for a false story published earlier this year…
Dangote, Grenada’s PM discuss potential Caribbean trade deal
The Chairman and CEO of the Dangote Refinery, Aliko Dangote, recently met with Grenada’s Prime Minister, Dickson Mitchell to discuss a potential…
Retailers struggle to restock as inflation, FX issues escalate
Nigerian retailers are expressing significant concerns over the escalating difficulties they face in restocking their shelves, attributing these challenges to foreign exchange…
MAN forecasts worse performance for manufacturing sector in 2024 Q4
The Manufacturing Association of Nigeria has projected a bleak outlook for the country’s manufacturing sector in the fourth quarter of 2024. The…
New bill to require tax ID for opening bank accounts
A new bill has been proposed in Nigeria mandating that individuals involved in banking, insurance, stock-broking, and other financial services must provide…