Business

NCC Threatens Sanctions Against Elon Musk’s Starlink

The Nigerian Communications Commission (NCC) has threatened to issues sanctions against Elon Musk’s satellite internet service, Starlink for an unapproved rise of subscription prices in Nigeria. In a statement released…

August 14, 2025

Business

Jumia to Exit South Africa, Tunisia as Part of Strategic Refocus

Jumia Technologies, the Africa-focused e-commerce retailer, has announced plans to shut down its South African online fashion platform, Zando, and its Tunisian operations by year-end. CEO Francis Dufay stated that…

August 14, 2025

Business

Daily Petrol Consumption Plummets by 92% Under Tinubu – Report

Ngeria has experienced a dramatic decrease in daily consumption of Premium Motor Spirit (PMS), commonly referred to as petrol, following President Bola Tinubu's assumption of office on May 29, 2023.…

August 14, 2025

Business

Dangote, Marketers Clash Over Fuel Prices

The conflict between Dangote Refinery and Nigerian petroleum marketers has escalated, following Alhaji Aliko Dangote's claims that marketers have not sought purchases from his facility. This dispute began in September…

August 14, 2025

Business

Marketers Challenge Dangote Refinery’s Push for Petrol Import Ban

Three prominent oil marketers—AYM Shafa Limited, A. A. Rano Limited, and Matrix Petroleum Services Limited—have taken legal action against Dangote Petroleum Refinery and Petrochemicals, urging the Federal High Court in…

August 14, 2025

Business

NNPC Limited Announces Leadership Changes to Strengthen Governance, Operations

The Board of Directors of NNPC Limited has unveiled a series of key leadership appointments. These changes are part of the company’s ongoing efforts to ensure long-term success in Nigeria's…

August 14, 2025

Business

CAC Delists Over 80,000 Companies for Failing to File Annual Reports

The Corporate Affairs Commission (CAC) has officially removed 80,429 companies from its register for failing to submit their annual reports for the past ten years. The action follows a July…

August 14, 2025

Business

Nigeria Spent N8.8bn to Restore Vandalized Power Towers –TCN

The Federal Government has spent approximately N8.8 billion to repair and restore power transmission towers damaged by vandals and bandits across Nigeria. This revelation came from the Managing Director of…

August 14, 2025

Business

EFCC Secures Largest Asset Recovery in Nigeria

The Economic and Financial Crimes Commission (EFCC) has scored a landmark victory in its fight against corruption, securing the largest asset recovery in its history with the final forfeiture of…

August 14, 2025

Business

CBN Fined N2bn on Moniepoint, OPay Amid Stricter Fintech Oversight – Report

The Central Bank of Nigeria (CBN) has reportedly imposed N1 billion fines each on Moniepoint and OPay in the second quarter of 2024. This follows a routine audit of fintech…

August 14, 2025