Nigeria’s trade with UK crashes by 25% in Q1 2024 on lower exports
Nigeria’s total trade with the United Kingdom declined by 25% in the first quarter of 2024, despite higher values from…
Day: June 19, 2024
Lagos State to Establish Aviation Unit, Develop Lekki Airport
The Lagos State Government will create an Aviation Unit within the Ministry of Transportation to enhance oversight of the aviation…
U.S President allows legal status for 500,000 illegal immigrants married to its citizens
President Biden has granted legal status and a streamlined pathway to U.S. residency and citizenship for about half a million…
Lagos State aims for 52% clean energy BRT buses by 2050
The Lagos State Government has set an ambitious target to significantly reduce carbon emissions in public transportation, aiming for 52%…
WFP partners Nigeria, others to kickstart food assistance program, targets 7.5 million people
The United Nations World Food Program (WFP) has partnered with Nigeria and other West and Central African countries to launch…
EnjoyCorp Acquires 86.5% Stake in Champion Breweries Plc
The Board of Champion Breweries Plc has announced the completion of an 86.5% stake acquisition by EnjoyCorp Limited. This acquisition…
Dangote refinery enters Asian market, ships first low-sulfur oil to Singapore
Nigeria’s Dangote Refinery is set to dispatch its first shipment of low-sulfur straight-run fuel oil (LSSR) to Singapore, marking its…
Asian, local companies take over as western multinationals exit Nigeria
As major multinationals from the US and Europe exit Nigeria, Asian and local companies are stepping in to fill the…
Big oil buyers’ shift to electric vehicles threatens Nigeria petrodollars
The increase in electric vehicle (EV) sales in major importers of Nigerian crude oil, such as France, Spain, India, and…
Nigeria ranks 88th out of 141 countries in Logistics Performance Index
Nigeria has improved its standing in the World Bank Logistics Performance Index (LPI), rising from 91st position in 2022 to…
NERC okays 450MW deal to avert Zungeru plant shutdown
The Nigerian Electricity Regulatory Commission (NERC) has sanctioned a deal to procure 450 megawatts of electricity from the newly completed…
Court orders Arik Air to pay over $24,000 to ex-worker
An Industrial Court in Lagos has mandated Arik Air to compensate a former employee, Mrs. Andreia Perdigao, with eight months’…
FG offers 17 new oil blocks for bidding
The Federal Government of Nigeria has announced the inclusion of 17 deep offshore oil blocks in the 2024 Licensing Round,…
Modular refiners, Afreximbank begin talks over $18bn loan
Investors in Nigeria’s modular refinery sector have initiated discussions with the African Export-Import Bank (Afreximbank) to access part of the…
Worry as NCAA acting DG tenure expires
There is growing tension among staff and management of the Nigeria Civil Aviation Authority (NCAA) and the Ministry of Aviation…
Reps summon NNPC, Agip, NUPRC, others over alleged $72m diversion
The House of Representatives Committee on Public Petitions has summoned the managing director and senior management staff of Nigeria AGIP…