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Business & Economy

Dangote refinery set to commence operations as first batch crude comes in June 2023

Dangote Refinery expects its first crude batch in June 2023. According to a report released on May 16 by S&P Global Commodity Insights, the Dangote...

Telcos to disconnect banks over non-payment of N120 billion USSD debt

Mobile telecommunications companies in the country comprising MTN, Glo, Airtel, and 9mobile, said they have secured the approval of their regulator, the Nigerian Communications...

Elon Musk hires female CEO for Twitter

Elon Musk, the billionaire founder of Tesla Inc., says he would no longer be the chief executive officer (CEO) of Twitter, as someone else...

ARCON releases vetting rates for social media adverts

The Advertising Regulatory Council of Nigeria (ARCON) on Thursday rolled out the vetting rates for social media adverts placed by advertisers in the country....

Otedola backs down on acquisition of stakes in Transcorp Plc

Chairman of Geregu Plc, Femi Otedola has sold his 6.3% stake in Transnational Corporation Plc (Transcorp) to its chairman, Tony Elumelu. The group chairman...

Flutterwave boss, Olugbenga Agboola acquires stakes in Lagoon Hospital

Flutterwave CEO and Co-founder, Olugbenga Agboola OON, has been announced alongside Fola Laoye as directors of one of Nigeria’s most sought-after healthcare service providers...

Oando Energy to roll out 12,000 electric vehicles across Nigeria

Nigerian energy giant, Oando Clean Energy Limited (OCEL), has concluded plans to introduce 12,000 electric buses on Nigerian roads within seven years. The...

‘You are an asset to Nigeria,’ NEC tells Osinbajo

The National Economic Council, comprising State Governors, and some members of the Federal Cabinet, on Thursday eulogised the leadership qualities of the Vice President...

Removal of fuel subsidy may not be immediate – FG

The National Economic Council (NEC) presided over by Vice President Yemi Osinbajo, has agreed that the timing for the removal of subsidy should not...

Oodua states set to launch regional rail and power projects

Following the signing of the Electricity and Railway Acts 2023 by President Muhammadu Buhari, the six Southwest states of Ondo, Ogun, Osun, Oyo, Ekiti...

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