Business

Cooking Gas Crisis Hits South-West Nigeria: Prices Surge to N32,000 per 10kg A severe cooking gas shortage has struck Nigeria’s South-West region, causing prices to spike dramatically and leaving residents struggling to secure liquefied petroleum gas (LPG) supplies. The crisis […]

AI Giant OpenAI Diversifies Chip Supply with Major AMD Partnership OpenAI, the creator of ChatGPT, has entered into a groundbreaking multi-year partnership with Advanced Micro Devices (AMD) to develop specialized AI data centers, marking a significant expansion of its computing

Major Shake-up in Lagos Power Sector as New Distribution Companies Take Over Lagos State has initiated a historic transformation of its electricity sector by licensing two new distribution companies, effectively replacing the long-standing operators Ikeja Electric (IE) and Eko Electricity

Dangote Launches $2.5 Billion Fertilizer Plant Project in Ethiopia Africa’s richest man, Aliko Dangote, has initiated construction of a major fertilizer plant in Gode, Ethiopia, marking another significant expansion of his industrial empire. The $2.5 billion project, developed in partnership

Cooking Gas Prices Surge to ₦3,600/kg: NNPC Chief Links Spike to PENGASSAN Strike NNPC Group CEO Bayo Ojulari has attributed the recent dramatic increase in cooking gas prices to supply disruptions caused by the PENGASSAN industrial action, rather than fundamental

Nigerian Energy Consortium Seeks Partners for Ambitious Growth Plans Renaissance Africa Energy, a newly formed consortium of five Nigerian energy companies, has announced its search for strategic partners to expand its operations and boost oil and gas development across Nigeria

Brazil’s Lula and Trump Navigate Tensions in Landmark Phone Call Brazilian President Luiz Inacio Lula da Silva and US President Donald Trump held their first official dialogue Monday, marking a potential thaw in recently strained bilateral relations. During the 30-minute

Navigating Nigeria’s Motor Insurance Landscape: A Comprehensive Guide In a recent incident that highlights Nigeria’s complex motor insurance challenges, a Lagos motorist, Mrs Adebayo, faced a near-million naira repair bill for a damaged bumper, only to have her insurer partially

Major Financial Aid Initiative: Deputy Senate President to Distribute N20,000 to 10,000 Kano Residents A significant financial empowerment program is set to launch in Kano State, with Deputy Senate President’s foundation preparing to distribute N20,000 each to 10,000 residents across

Presidential Directives Complement, Not Replace, Nigeria’s Oil and Gas Local Content Act, NCDMB Clarifies Recent Presidential Executive Orders on Nigeria’s Oil and Gas Industry Support Existing Framework The Nigerian Content Development and Monitoring Board (NCDMB) has clarified that President Bola