80% Of Crude Oil Being Stolen With Connivance Of N’Delta Govs —Adebayo, SDP Presidential Candidate.
Prince Adewole Adebayo, has said 80% of the country’s crude oil were being stolen with the connivance; and quietude of…
Day: August 31, 2022
If FG Loves Education, $23m Abacha Loot Would Be Used To Meet Our Demands – Nigeria ASUU.
The Academic Staff Union of Universities says the federal government should have used the recovered $23 million Abacha loot to…
Fidelity Bank To Acquire Union Bank UK.
Fidelity Bank Plc has entered a binding agreement to acquire a 100 percent equity stake in Union Bank UK Plc.…
Europe’s Alternatives If Russia Cuts Off Gas Supply.
The Nord Stream 1 pipeline that transports Russian gas to Germany will undergo maintenance from Aug. 31-Sept. 2, prompting concerns…
This Decade’s Oil Boom Is Moving Offshore – Way Offshore.
Global oil companies are pumping billions of dollars into offshore drilling, reversing a long decline in spending on the decades-long…
Russia Deepens Europe’s Energy Squeeze With New Gas Halt.
Russia halted gas supplies via Europe’s key supply route, intensifying an economic battle between Moscow and Brussels. Raising the prospects…
NCAA Threatens To Sanction Domestic Airlines Over N19bn Debt, Issues 30-Day Ultimatum- Nigeria.
The Nigerian Civil Aviation Authority (NCAA) has threatened to sanction domestic airlines for over N19 billion debt on ticket sales.…
Global Economy Can Thank U.S. Consumers.
The U.S. consumer is coming to the rescue of the global economy. Back in 2009, companies turned to China to…
Amazon, Google Slam Microsoft’s Cloud Computing Changes.
Amazon (AMZN.O) and Alphabet (GOOGL. O) unit Google criticised Microsoft’s (MSFT. O) cloud computing changes, saying they limit competition and discourage customers from switching to rival…
Dangote Refinery Gets 300,000 Barrels/day From NNPC.
The Nigeria National Petroleum Corporation Limited will have the first right of refusal to supply the Dangote refinery with about…
Nigeria’s GDP Contraction Worries Experts.
Economic experts have raised concerns about the prostrate nature of the economy; exemplified by the contraction in the country’s Gross…
Oil Prices Climb 1% As U.S. Fuel Inventories Fall.
Oil prices recovered slightly as data pointed to firm U.S. Fuel demand, providing respite after a 5% drop a day…
Naira Falls To N705/$ At Black Market.
On Tuesday, August 30, 2022, the Naira reversed its almost miraculous comeback to trade over the N700/$1 mark once again. This is…
Dangote To Save Forex, Through 40% Sugar Import Substitution.
Management of Dangote Sugar Refinery Plc has resolved to significantly reduce the importation of sugar into the country by 40%.…