GM Recalls All Chevrolet Bolt Electric Cars Over Fire Risk
General Motors on Friday announced the voluntary recall of all 2019 and newer Chevrolet Bolts, extending its recall of the electric vehicle back to its first model year, 2017. Friday’s
Nigeria: NNPC Upbeat as it Regains Ogoni OML 11 from Shell in Court
The Nigeria National Petroleum Corporation (NNPC) has hailed the recent Appeal Court judgment affirming its ownership of the Oil Mining License 11 (OML 11), describing it as a huge victory
Fayemi: We Don’t Believe the Subsidy Numbers, It’s a Fiddling of Figures in NNPC
[bc_video video_id=”6268785877001″ account_id=”6116119081001″ player_id=”default” embed=”in-page” padding_top=”56%” autoplay=”” min_width=”0px” playsinline=”” picture_in_picture=”” max_width=”640px” mute=”” width=”100%” height=”100%” ] Chairman of the Nigerian Governors’ Forum, Kayode Fayemi, has spoken on behalf of his colleagues in
NNPC Floats New Subsidiary to Oversee Refineries
The Nigerian National Petroleum Corporation (NNPC) on Thursday inaugurated the board of Greenfield Refinery Limited (NGRL), a subsidiary of NNPC, to oversee the establishment and operation of new refineries. Group
Nigeria Handlers Systematically Destroying Domestic Economy, Energy Expert Dan Kunle Says
Handlers of Nigeria have virtually and systematically destroyed the country’s domestic economy, that’s according to Dan Kunle, an energy finance expert and a former senior technical adviser to the former
AfDB Partners Ghana to launch $7.4m Institutional Support Project
The African Development Bank Group and the Ministry of Finance in Ghana have launched a $7.4 million Institutional Support Project to strengthen domestic revenue mobilization and Debt Management Capacity. The
Nigeria Targets Twitter, Other Digital Platforms to Help Generate $25bn Tax Revenue in 2022
As a way of generating N10.1 trillion (about $25 billion) revenue in the year 2022, the social media platforms, including Twitter have commenced a proper tax registration under Nigeria’s Federal
AstraZeneca CEO Soriot Tops FTSE 100 Pay-out Charts in 2020
Pascal Soriot, the chief executive of COVID-19 vaccine maker AstraZeneca, was Britain’s highest paid company boss in 2020, a year when the average FTSE 100 leader saw their pay fall
Air Peace Launches Daily Operations To Ibadan in Nigeria’s Southwest
As part of linking Ibadan to every geo- political zone of Nigeria and the world, Air Peace has launched scheduled flight operations to Ibadan Airport. The inaugural flight, operated with
CBN Freezes Bank Accounts of Bamboo, Risevest, Two Other Fintechs for FX Infractions
The Central Bank of Nigeria has ordered the freezing of bank accounts belonging to some Nigerian online investment and trading platforms forcthe next six months. They are Risevest, Bamboo,
New Petroleum Act: Nigeria Says No Immediate Removal of Petrol Subsidy
Nigeria’s federal government has said it will not immediately end its current subsidy of petrol, saying it intends to manage the process to ensure that vulnerable Nigerians are not heavily
Nigeria: Year-On-Year Headline Inflation Decelerates to 17.38%
Nigeria’s year-on-year headline inflation rate fell to 17.38 per cent for the fourth consecutive month in July from 17.75 per cent in June amid a decelerating increase in food prices,
With Petroleum Act, Buhari Has Ushered in New Era for Nigeria’s Oil Sector, OPEC Says
The Secretary General, OPEC, Mohammad Sanusi Barkindo has congratulated Nigeria’s President Muhammadu Buhari, saying it marked significant milestone for Nigeria’s oil industry and an historic achievement for the Presidency. According
NNPC Will Cease to Exist Within Six Months: GMD Mele Kyari
Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Mele Kyari has said within the next six months the Nigerian owned oil company will cease to exist and a
Radisson Blu Anchorage Lagos Opens New Business Lounge
The Radisson Blu Anchorage Hotel in Victoria Island, Lagos, has completed a massive renovation of the Business Lounge which is located on the hotel’s exclusive executive floor. The project was
Nigerian Banks to Sanction Customers Involved in Fraudulent FX Purchase
Nigeria’s Bankers Committee on Thursday announced that henceforth, authorised foreign exchange (FX) dealers in the country would blacklist customers by placing post-no-debit (PND) on their accounts if they are caught
Divestment: Wood McKenzie Values Shell’s Equity in Nigeria JV Assets at $2.3bn
The road to the planned sale of Royal Dutch Shell’s assets in Nigeria appears clearer now, with Wood McKenzie, a leading global oil and gas consulting firm, putting the total
Hackers Steal $7m From Crowdfunding DAO Maker, Three Days After Poly Network Attack
Three days after Poly Network was hacked for $611 million, DAO Maker – another cryptocurrency platform – has been attacked and drained of about $7 million worth of funds overnight.
MTN Nigeria CEO Karl Toriola Speaks to ARISE on the Telecom Giant’s 20th Anniversary
Founded May 16, 2001, and with commercial operations which started August 8, 2001, MTN ventured into the Nigerian market at a time when other foreign operators were afraid to enter
Nigeria’s $3bn Share of Africa’s $75bn FDI Unacceptable, Buhari Says
President Muhammadu Buhari has said Nigeria’s low share of Foreign Direct Investment (FDI) flow to Africa between 2015 and 2019 is a cause of concern. Buhari, who spoke at a
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