Business Securities Top Story

SEC Nigeria publishes rules on crypto assets

Reading Time: < 1 minutes Nigeria’s markets regulator, the Securities and Exchange Commission (SEC) has published a set of regulations for digital assets, signalling Africa’s most populous country is trying to find a middle ground between an outright ban on crypto-assets and their unregulated use. Nigeria’s central bank last year banned banks and financial institutions from dealing in or facilitating Read More…

Aviation Business Top Story

Ibom Air breaks ranks with Nigerian domestic aviators’ plan to stop flights over jet fuel cost

Reading Time: < 1 minutes Uyo-based airline, Ibom Air, on Saturday said it will not take part in an industry plan to stop flights from Monday over the high cost of jet fuel, saying the move would affect revenues needed to service obligations to financiers and suppliers. The Airline Operators of Nigeria association said on Friday that members will stop Read More…

Business Europe Oil & Gas Top Story Ukraine World

Africa is imperfect solution to Europe’s gas woes

Reading Time: 2 minutes Africa has become Europe’s latest gas hunting ground. Moscow’s decision to halt supplies to Poland and Bulgaria has sharpened concerns about the bloc’s Russian energy addiction. Italian Prime Minister Mario Draghi has already rushed to sign deals with Algeria, Egypt and the Congo Republic to curb his country’s reliance on Moscow. Africa’s vast fossil fuel Read More…

Business Enterprise Metro Top Story Women

Grooming Centre launches inspiring photobook on 30 tenacious women

Reading Time: 4 minutes Image Credits: Grooming Centre. Grooming Centre CEO, Dr Godwin Nwabunka with some of the women profiled in the book STORIES OF IMPACT: Real Women, Real Lives, Real Growth launched on Thursday, 28 April 2022 at the Grooming Centre Hall, Ejigbo, Lagos. CREDIT: Grooming Centre Grooming Centre, a non-governmental organisation (NGO) that focuses on enabling financial Read More…

Business Oil & Gas Top Story

Dangote says it will complete its Nigerian oil refinery in the fourth quarter

Reading Time: < 1 minutes Dangote’s 650,000 barrels per day (bpd) oil refinery being built in Nigeria is due to begin production by the fourth quarter of 2022, Group Executive Devakumar Edwin said on Sunday. “75% hydraulic testing … as well as 70% of electrical cable fitting have been completed preparatory to the completion of the refinery in the fourth Read More…

Business Oil & Gas Renewable Energy Top Story World

Portugal to speed up switch from dependence on Nigerian gas in wake of Ukraine war

Reading Time: < 1 minutes Image Credits: NLNG. Unlike central European countries, Portugal does not depend on Russian natural gas pipelines, as it mainly imports liquefied natural gas from Nigeria and the United States, and has not imported Russian crude since 2020. But all this is about to be whittled down or stopped, as the Iberian country now aims to Read More…

Business Economy Metro Top Story World

U.S. to build $537 million consulate in Lagos, largest U.S. consulate in the world

Reading Time: 3 minutes Image Credits: US Embassy. The United States will build a $537 million consulate in Lagos, the country’s commercial capital, as Washington strengthens economic and diplomatic relations with Africa’s most populous country. The U.S. is among the largest foreign investors and donors in Nigeria with annual trade between the two countries at over $10 billion, according Read More…

Business Telecommunications Top Story

Airtel ranks fastest network provider in Nigeria – SpeedChecker

Reading Time: < 1 minutes Image Credits: REUTERS/Thomas Mukoya. Airtel Nigeria, a telecommunications company, says it has been rated the fastest network provider in Nigeria according to Crowdsourcing firm, SpeedChecker. Airtel Nigeria made this known in a statement on Friday. It said that in SpeedChecker’s report in 2021 for Africa’s Mobile Network Champions, Airtel Nigeria recorded an average country mobile Read More…

Business Nigeria Oil & Gas Top Story

Nigeria takes JP Morgan to court for $1.7 billion over oil deal

Reading Time: 2 minutes Image Credits: REUTERS. A London high court began to hear a lawsuit on Wednesday launched by Nigeria against U.S. bank JP Morgan Chase, claiming more than $1.7 billion for its role in a disputed 2011 oilfield deal. The civil suit filed in the English courts relates to the purchase by energy majors Shell and Eni Read More…