Business

Nigeria’s Daily Oil Production Records Two-month High, Rose Above One Million Barrels in October

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) disclosed this in its October Crude Oil Production Report.

2 years ago

Nigeria: Oil Marketers Allege Preferential Treatment for NNPC in FX Accessibility

They said accessing FX at the official CBN rate was a serious challenge for marketers and was responsible for the…

2 years ago

Elon Musk Sells at Least $3.95bn Worth of Tesla Shares after Twitter Takeover

He sold almost $22 billion worth of Tesla shares in 2021, a year when the stock jumped over 50%.

2 years ago

Report: Naira Now Among Worst Performing Currencies Globally

Africa’s largest economy operates a tightly controlled official rate but it’s in the parallel market where the exchange rate is…

2 years ago

Emirates Suspends Flights to Nigeria Indefinitely over Blocked Funds

Emirates operated twice daily to Lagos and once daily to Abuja, recording 21 flights every week with high load factor.

2 years ago

Twitter Says Layoffs to Begin Friday

The social media company said in an email to staff that it will alert employees by 1600 GMT about staff…

2 years ago

$15.6bn Investment Interest Generated for Lagos-Abidjan Highway in 2022, Says AfDB President Adesina

He also stated that the Africa Investment Forum was delivering amazing investments for Africa.

2 years ago

OPEC: Dangote’s 650,000bpd Facility to Account for More Than Half of Africa’s Additional Refining

OPEC said the downstream market has tightened significantly over the last year, driven by strong oil demand growth, a decline…

2 years ago