Airlines face fresh fuel crisis as NNPC supply dries up
One week after the Nigerian National Petroleum Company Limited (NNPC) intervened to resolve the aviation fuel crisis in the country, investigation shows...
Weak Naira, rising food prices drag Nigeria’s inflation rate for April to 16.82%
Inflation in April 2022 increased to an 8-month high of 16.82 per cent amid rising food prices and weak Naira...
Nigeria Political Party APC nets over N28 billion from sale of presidential, governorship, National Assembly aspirants forms
The All Progressives Congress (APC) has generated over N28 billion from the sale of expression of interest and nomination forms...
Africa’s richest man Aliko Dangote seeks to raise an additional $1.1 billion to complete his refinery project by 2023
A new report claims that Africa’s richest man, Aliko Dangote, does not have the kind of money needed to complete his...
CBN Governor, Emefiele withdraws his presidential bid
Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has withdrawn from the 2023 presidential bid, a credible source...
Nigerian billionaire and Chairman of Zinox Group, Leo Stan Ekeh, might be planning a takeover bid for Jumia.
A source with insider knowledge of the situation told Nairametrics, a Lagos-based business publication, that the businessman “is replicating the...
Zimbabwe has suspended banks from lending money to private companies and government agencies
On Saturday, the President of Zimbabwe, Emmerson Mnangagwa, issued an executive order that banks should stop extending loans following the...
Ethio Telecom launches Ethiopia’s 5G network
Ethiopia’s state-owned telecommunications company, Ethio Telecom, has launched the first 5G network in the Horn of Africa. Local media reported...
Airline operators win fight, as NNPC agrees subsidy on aviation fuel for three months
Following threats to stop operations, the Nigerian National Petroleum Company (NNPC) Limited has negotiated an arrangement with Airline Operators of...
JP Morgan delists Nigeria from emerging market list, as govt plans another $950m debt
JPMorgan has removed Nigeria from its list of emerging market sovereign recommendations over its fiscal woes. The global financial institution...