Energy

International oil refineries are attracting marketers by offering enticing credit arrangements.

By
August 24, 2023
In an attempt to aid Nigerian oil marketers in overcoming the challenge of a shortage of dollars within the country, foreign crude oil refiners have initiated the provision of credit facilities. A reliable source has indicated that foreign refiners opted to extend credit facilities to Nigerian oil marketers due to concerns about potentially losing a significant market. This was prompted by the…
Read more
Energy

"Nigeria's power regulator, NERC, states that Niger has an outstanding N4 billion debt for electricity supplied."

By
August 10, 2023
Nigeria’s outstanding debt to Niger stands at N4.22bn ($5.48m at an exchange rate of $1 to N769.27) for power supply, as indicated by the first quarter report recently published by the Nigerian Electricity Regulatory Commission (NERC). The report highlights that Niger’s state power company, Nigerien Electricity Society, has not yet settled the $5.48m invoice issued by the Nigerian…
Read more
Economy

#SubsidyProtests: Protesters pull down National Assembly gate

By
August 2, 2023
Angry protesters have pulled down the gate of the National Assembly in Abuja. Earlier, the protesters led by the leaders of the Organised Labour, Joe Ajaero of the Nigeria Labour Congress and Festus Osifo of the Trade Union Congress asked security operatives stationed at…
FintechTechnology

Google to accept naira payment on Play Store

By
July 27, 2023
Google has partnered with Verve to make digital transactions on Google Play Store easier for Nigerians. The firm noted that as from Wednesday, Nigerians could now use their Verve cards to make purchases on the Google Play Store. It stated that under its new partnership, Google would process Verve transactions within Nigeria, and the transactions would be undertaken in naira and treated as local…
Read more
Aviation

NAF arrests underground cable saboteur at Lagos airport

By
July 23, 2023
Guards of the Nigeria Air Force who were on duty at the HQ NADC gate, caught a cable thief along the airport road by the NADC perimeter fence at about 1:35am on Friday. Three thieves were sighted digging the Federal Airports Authority of Nigeria’s underground armoured…
Aviation

United Airlines grows revenue to $14.2bn

By
July 23, 2023
United Airlines grew its operating revenue by 17.1 per cent to $14.2bn in the second quarter of 2023, compared to the same period in 2022. In a statement announcing the financial results, the company reported quarterly earnings per share of $3.24 and pre-tax margin of 9.8…
FintechTechnology

Threads: Twitter's competitor hit 10 million users within hours of its launch

By
July 6, 2023
More than 10 million people have signed up for Threads, Meta’s rival to Twitter, within the first few hours of its launch, the company’s CEO Mark Zuckerberg said on Thursday. The app went live on Apple and Android app stores in 100 countries at 2300 GMT on Wednesday and will run with no ads for now, but its release in Europe has been delayed over data privacy concerns. Threads is the…
Read more