BMW Recalls 1.5 Million Cars Over Faulty Brakes, Lowers Financial Forecast
BMW has announced a recall of 1.5 million vehicles due to defective brake systems, which is expected to negatively affect…
Dangote Refinery Won’t Sell Fuel Below Market Price, Says Tinubu Presidency
The Nigerian Presidency has clarified that the Dangote Refinery will not sell its refined products, including Premium Motor Spirit (PMS),…
‘You Dealt A Blow To Oil Cabals’, Otedola Lauds DangoteÂ
Billionaire businessman Femi Otedola has extended his congratulations to his friend and fellow entrepreneur, Aliko Dangote, on the successful realization…
Nigerian Stocks End August in the Red as Investors Hesitate Over Economic Outlook
The Nigerian All Share Index (ASI) ended August on a negative note, reflecting investor concerns over several macroeconomic challenges and…
NNPC Acknowledges $6 Billion Debt to Petrol Suppliers
The Nigerian National Petroleum Company Limited (NNPC Ltd) has confirmed that it owes a substantial debt to its petrol suppliers,…
FG Gives Traders One-Month Deadline to Lower Prices
The Federal Competition and Consumer Protection Commission (FCCPC) has issued a one-month ultimatum to traders and market stakeholders engaged in…
NNPCL to Transfer Control of Warri and Kaduna Refineries to Private Operators
The Nigerian National Petroleum Company Limited (NNPCL) announced its intention to engage reputable and credible Operations and Maintenance (O&M) companies…
Binance CEO Expresses Concern About Executive Gambaryan’s ‘Deteriorating Health’ While Detained in Nigeria
Richard Teng, the CEO of cryptocurrency trading firm Binance, has voiced serious concerns over the welfare of Tigran Gambaryan, a…
Nigerian Regulatory Agency Pledges to Close Down Fuel Stations Charging N1000 Per Litre for Petrol
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has issued a warning to filling stations selling Premium Motor Spirit…
Tinubu Approves NNPC’s Request To Use Dividends To Pay Subsidy, As Fuel Subsidies Gulp N6.8Trillion
President Bola Tinubu has granted approval for the Nigerian National Petroleum Company (NNPC) Limited to use its 2023 final dividends…