Arik Air shareholders have refuted AMCON’s debt claim, accusing the corporation of disinformation and mismanagement of the airline’s assets.

PFAs’ exposure to FGN securities and the stock market has reached N15.96 trillion, driven by attractive returns and low-risk investments.

AMCON has said it will sell Arik Air after resolving the airline’s legal cases, citing over N455bn owed by the airline.

Dangote refinery has increased bulk petrol prices to N955/litre, citing escalating global crude oil prices, a deregulated market

The US Supreme Court has backed legislation requiring TikTok’s sale by ByteDance or a nationwide ban will take effect.

Apple has suspended its AI news summarisation feature after repeated inaccuracies sparked backlash from media organisations and journalism watchdogs.

NEXIM and US EXIM have signed an MoU to strengthen collaboration in sectors like clean energy, infrastructure, aviation, digital connectivity.

Nigeria’s oil industry stakeholders have held their first forum, aiming to foster collaboration, resolve policy conflicts in the petroleum sector.

Cardoso has introduced DocFlow and MDAs Naira Payment Solution, advancing efficiency and reducing irregularities in operations.

Airlines, including Lufthansa, have announced plans to resume Middle East flights cautiously following a ceasefire agreement in the region.

OPEC has highlighted that Dangote Refinery’s growing petrol output is creating surpluses in Europe’s market and reshaping global trade flows. 

Fitch Ratings has assigned Cross River State ‘B-‘ rating, highlighting fiscal fragility and alarming N880 billion debt trajectory.

Telecom operators has announced disconnection of nine banks from USSD services over N160bn debt, affecting customer access starting January 27.

CBN has fined nine banks N1.35 billion for failing to ensure Naira notes availability through ATMs during the festive season.

Air Peace has secured its sixth IOSA certification, reaffirming its commitment to operational excellence and global safety standards.

Telcos are reportedly set to suspend USSD services over N200bn bank debt, with full withdrawal after two weeks if debts persist.

NUPRC has confirmed Nigeria’s 1.5m bpd crude production milestone in December 2024, aligning with enhanced sector transparency and anti-theft measures.

The TCN has confirmed disruptions at key power stations were caused by line tripping, and not a grid collapse

Sector reforms fuelled NGX Oil & Gas Index growth in 2024, as Oil and Gas stocks led the Nigerian market

Dangote Refinery has expanded storage capacity with 8 new tanks to boost crude oil storage by 6.29 million barrels