Nigeria Positioning to Become Alternative Gas Supplier to Europe, Says Deputy Oil Minister Sylva
He said the new policy from the EU labeling gas and nuclear power as green energy was a ‘win-win’ for Europe and Africa.
Poland President Duda Woos Nigerian Investors in Historic Visit
The Polish president, while identifying global food crisis as one of the major fallouts of the Russian invasion of Ukraine, disclosed Nigeria and Poland has signed an MoU in agriculture.
Nigeria May End Up with IMF ‘Unwillingly’ If It Fails to Address Fiscal Challenges, Says Budget Office Boss
Akabueze advised that gains from the removal of petroleum subsidies should be redirected to investment in the oil sector.
Volkswagen Confirms IPO Plan for Porsche Sports Car Brand
Analysts have calculated that Porsche might entice a valuation of €60bn-€85bn.
Nigeria Generated N600.15bn from VAT in Q2
The figure represented a growth rate of 1.96% when compared to the N588.59 billion recorded in the preceding quarter.
Bed Bath & Beyond CFO Dies after Falling from New York’s Jenga Tower
The incident occurred a few days after the struggling retailer announced it was closing stores and laying off workers.
Nigeria’s Average Daily Petrol Supply is 68 Million Litres, NNPC Clarifies
This follows claims by the Customs boss Hameed Ali, that the company allows the release of 98 million litres.
EU Gas Price Soars after Russia Halts Nord Stream Flows
Europe has accused Russia of weaponising energy supplies in retaliation for Western sanctions imposed on Moscow over its invasion of Ukraine.
ICPC: Technology Key to Curbing Corruption, Illicit Financial Flows
The demo hacking solutions are aimed at curbing corruption and IFFs in government budget un MDAs procurement processes in Nigeria.
Chevron, Shell, Others to Remit N341bn JV Revenue to NNPCL in September
The proceeds are from the sale of domestic crude oil in June, and are due this month in line with 90-day payment terms.
China’s Electric Car Firms, Which Rely on Nvidia, Safe From US Chip Ban
Automotive is a relatively small but fast-growing part of Nvidia’s business.
Inflation: ECB Playing Catch-Up as Rate-Hike Path Steepens
EXCERPT: Despite a surprisingly big increase in interest rates in July, more than two-thirds of respondents say officials have acted too slowly in battling inflation.
CBN Grants Flutterwave Payment Processing Licence
The licence allows Flutterwave to offer transaction switching and card processing services to customers.
Lufthansa Pilots Begin Strike Friday, May Cancel 800 Flights
Vereinigung Cockpit is demanding a 5.5% pay rise this year, for its more than 5,000 pilots.
NNPCL’s Total Outstanding Petrol Subsidy Debt Hits N1.04tn
The amount spent on petrol subsidy in July exceeded the total oil sold for the month by roughly N48 billion.
New US Rules on EV Subsidies Slam Hyundai, Kia’s Dreams
South Korean officials met US counterparts this week to express concerns.
Russian Oil Chief Maganov Dies in ‘Fall from Hospital Window’
He is the latest of a number of high-profile business executives to die in mysterious circumstances.
Emirates to Resume Lagos Flights September 11
The announcement comes five days after the Nigerian government released $265 million for foreign airlines to repartriate.
Turkish Economy Expands 7.6% Year-On-Year in Q2
With this growth, Türkey became the second-fastest growing economy in the G20 after Saudi Arabia.
Russia Halts Gas Flows to Europe Via Nord Stream 1 for Maintenance Works
The temporary halt to supplies reflects a deepening gas dispute between Russia and the European Union.
