Business
$20m Bank Fraud Case: US Reissues Arrest Warrant for Air Peace CEO
A United States court has renewed the arrest warrant for Allen Onyema, CEO of Nigeria's Air Peace airline, over a serious $20 million bank...
Business
NDIC Set to Auction Heritage Bank Assets from December 4
The Nigeria Deposit Insurance Corporation (NDIC) has announced that it will begin the sale of Heritage Bank’s assets on December 4, 2024. This decision follows...
Business
IPMAN, Dangote Refinery Strike Deal for Direct Product Supply
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced a major agreement with the Dangote Refinery to lift petroleum products directly. This development was...
Business
Irish President Sounds Alarm on Nigeria, Other African Countries’ Soaring Debt Burden
Ireland’s President, Michael D. Higgins, has issued a warning about the rising debt crisis in Africa, urging immediate reforms to help African nations escape...
Business
Unopposed: Okonjo-Iweala Set for Second Term as WTO Director-General
Ngozi Okonjo-Iweala has emerged as the only candidate for the position of Director-General of the World Trade Organization (WTO), positioning her for a second...
Business
NUPENG Issues Strike Warning After Navy Ejects Oil Workers
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has threatened a nationwide strike after Nigeria's Naval Special Force stormed the Oritsetimeyin oil...
Business
Dangote Refinery Attracts Top Global Dealers, Faces Rising Demand
The Dangote Oil Refinery has already begun to change the face of oil trading in Africa and Europe. Global oil giants like Vitol, Trafigura, and...
Business
MTN Operating Costs Skyrocket by 91%, Leading to Major Financial Loss
MTN Nigeria, the country’s leading telecom company, has reported a staggering 91% increase in its operating costs, hitting N1.1 trillion as of September 2024. This...