Local refining may crash petrol price to N300/litre – Modular refineries
The pump price of Premium Motor Spirit, popularly called petrol, should drop to about N300/litre upon the commencement of massive production by the Dangote Petroleum…
Business
Elon Musk’s AI startup raises $6bn for market expansion
Elon Musk’s artificial intelligence startup xAI has raised $6bn in a Series B funding round backed by investors including Valor Equity Partners, Andreessen Horowitz and…
MTN announces 2024 Scholarship for Nigerian students
MTN Nigeria Foundation has announced scholarship opportunities for Nigerian students to support education and empower the next generation of leaders. It has also increased the…
Imported food prices rise as inflation hits 33.69 – NBS
The average price of imported food commodities to Nigeria rose to its highest level, reaching 34 per cent in one year between April 2023 and…
Harry, Meghan end Nigerian tour on a bright, sporty note
Prince Harry and his wife, Meghan Markle, wrapped up their three-day visit to the country on Sunday, arriving in Lagos during a trip to promote…
Marketers remain upbeat as petrol scarcity enters third week
Around the central area of the nation’s capital, few retail outlets operated by major marketers were opened to the public with queues stretching just beyond their gates.…
Nigeria-UK trade relations hit £7bn, says British envoy
Trade relations between Nigeria and the United Kingdom have reached £7bn, British High Commissioner to Nigeria Richard Montgomery said on Sunday. In an interview with…
Bag of rice costs importers $58 from India, say farmers
The President of the All Farmers Association of Nigeria, Kabir Ibrahim, has disclosed that imported rice from India comes at a landing cost of $58…
Kenyan police arrest Binance executive who escaped from Nigeria
The Kenya Police Service has arrested fleeing Binance executive, Nadeem Anjarwalla, as the International Criminal Police Organisation moves to extradite him to Nigeria within the…
FG files tax evasion charges against Binance
The Federal Government has initiated criminal proceedings against Binance, a cryptocurrency exchange platform. The charges were filed at the Federal High Court in Abuja, the…
WTO’s $1.2m programme‘ll address Nigeria’s agricultural export challenges – Okonjo-Iweala
The World Trade Organiation (WTO) has inaugurated a 1.2 million-dollar programme to improve export standards of Nigeria’s sesame and cowpea products. The WTO Director-General, Dr…
Tompolo canvasses more crude output as NAF destroys illegal refineries
The Nigerian Air Force said, on Sunday, that its men discovered and destroyed four illegal crude oil refining sites at Krakama and Temakiri in the…