Again, Nigeria Explains Choice of Ethiopia Airlines as Preferred Bidder for National Carrier
Sirika said the agreement was in line with the Africa Continental Free Trade Area (AfCTA) agreement of a single African market.
NPAN: Nigerian Newspaper Owners to Organise Roundtable on Industry Regulation
Respected media guru and erstwhile governor of Ogun State, Chief Olusegun Osoba, will preside at the roundtable.
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.
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 price differential in petrol distribution in the country.
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%.
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 largely determined.
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.
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 cuts.
$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.
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 in available refining capacity and geopolitical uncertainties
Emefiele: Weak Infrastructure, Low Income, Others Hampering Digital Financial Integration
He noted that the challenges posed by new technologies necessitated new and revised guidelines, regulations, and legislations.
OPEC: Global Oil Demand to Peak at 110m bpd by 2045
OPEC said global primary energy demand was forecast to continue growing in the medium- and long-term.
China Harbour Completes Construction of $1.5bn Lekki Deep Sea Port
The Lekki Port is one of the biggest deep-sea ports in West Africa expected to generate $361bn for the Nigerian government and provide close to 200,000 jobs.
Lagosians to Ride in Electric Mass Transit Buses by 2023, Says Oando
VP, Oando Clean Energy, Ademola Ogunbanjo, said even if fossil fuels were still in use globally, there was room to accommodate renewable energy.
Twitter May Charge $20 Per Month For Verification
Predictably, many users have indicated they’d rather just be unverified.
Naira Redesign in Overall Interest of Nigeria’s Economy, CBN Ssys
The bank insisted that due approval was sought and obtained from President Buhari.
Nigeria Plans to Auction Seven Deep Offshore Oil Blocks in November
The last time the federal government issued dozens of such permits was between 1993 and 2007.
