Former President Olusegun Obasanjo has raised alarms over potential sabotage of the Dangote Petroleum Refinery, asserting that individuals profiting from Nigeria’s fuel importation industry may be working to undermine the $20 billion project. This follows claims by Alhaji Aliko Dangote, who accuses certain ‘mafias’ of attempting to sabotage his investment. Obasanjo expressed that the success […]
Category archives: Business
Call for Urgent Focus on Human Capacity Development to Boost Nigeria’s Economy
PORT HARCOURT – Prof. Kingdom Orji, Dean of the Faculty of Humanities at Ignatius Ajuru University of Education (IAUE), has urged Nigerian leaders and stakeholders to prioritize human capacity development. He emphasized the need for organizing skills training and job placement programs for Nigerian youths, women, the elderly, and other vulnerable groups to support the […]
Global Markets Tumble Amid US Recession Worries
Market Rout Spreads Globally; Nigerian Stocks Dip Wall Street faced deepening losses on Monday, while Tokyo experienced its most severe drop in 13 years, as global panic set in over potential U.S. recession fears. The Nigerian stock market also fell by 0.2%, reflecting the broader market turmoil. The Nigerian Exchange Limited’s benchmark NGX All Share […]
Petrol Shortages Intensify as #EndBadGovernance Protests Disrupt Fuel Distribution
Fuel scarcity has worsened across Nigeria as the ongoing #EndBadGovernance protests have disrupted the distribution of petroleum products. In several states, including the Federal Capital Territory, Abuja, fuel queues have resurfaced due to halted supply chains. Oil marketers have attributed the problem to a suspension in petroleum product deliveries, as dealers opted to protect their […]
FAAN Boss Highlights Airport Transformations Aimed at Enhancing Passenger Experience and Country’s Image
LAGOS – Mrs. Olubunmi Kuku, Managing Director of the Federal Airports Authority of Nigeria (FAAN), emphasized that the ongoing transformations at the nation’s airports are designed to improve passenger experiences and enhance Nigeria’s global image. Kuku made this statement during a recent courtesy visit by the executive council of the National Association of Nigeria Travel […]
MTN Group Announces Leadership Changes in Nigeria and Congo-Brazzaville
MTN Group has appointed Mohammed Rufai as Chief Executive Officer (CEO) of MTN Congo-Brazzaville and Ayham Moussa as Chief Operations Officer (COO) of MTN Nigeria, effective September 1 and August 19, 2024, respectively. The telecom giant also announced the voluntary early retirement of MTN Côte d’Ivoire CEO Djibril Ouattara and the departure of MTN Nigeria […]
OAAN Refutes Claims of Opposition to Chartered Body for Out-of-Home Media Bill
The Out-of-Home Advertising Association of Nigeria (OAAN) has denied a publication by certain media outlets that linked the association with a statement from the Heads of Advertising Sectoral Group (HASG) opposing the proposed Chartered Body for Out-of-Home Media Bill. According to OAAN, the statement incorrectly claimed that the group opposes the bill currently under consideration […]
FCCPC Accuses Coca-Cola of Misleading Nigerian Consumers
The Federal Competition and Consumer Protection Commission (FCCPC) has accused Coca-Cola Nigeria Limited and Nigerian Bottling Company (NBC) of intentionally misleading Nigerian consumers. The FCCPC alleges that the companies engaged in deceptive labeling and unfair marketing practices by making Coca-Cola Original Taste appear to be similar to Coca-Cola Original Taste ‘Less Sugar’. According to the […]
FAAN Chief Urges Faster Action on Aviation Cargo Enhancements
LAGOS – Mrs. Olubunmi Kuku, Managing Director of the Federal Airports Authority of Nigeria (FAAN), has called on the Aviacargo Roadmap Committee to expedite the implementation of their recommendations for improving aviation cargo in Nigeria. In a statement from Mr. Ikechi Uko, Coordinator of the Aviacargo Roadmap Committee, Kuku emphasized the importance of air cargo […]
Odu’a Investment Unveils New Lagos Office to Boost Expansion
LAGOS – Odu’a Investment Company Ltd. (OICL) has launched its Lagos liaison office, aiming to drive growth and extend its reach. During the opening ceremony on Wednesday, Chief Bimbo Ashiru, Chairman of OICL, emphasized that the new office would serve as a communication hub between the holding company and the investment community. In attendance were […]