Driven by China’s growth, global electric vehicle sales have surged to 21% in July, despite tariffs and declining demand in Europe.

SPE Nigeria Council has assured that local firms buying onshore oil assets will retain skilled personnel and maintain technical standards.

BDAN has criticised the timing of the 70% windfall tax on FX profits, highlighting its impact on ongoing recapitalisation efforts.

“Dangote built a refinery, got stuck, and the government gave $1 billion. No businessman has gotten such support,” said Shedrack.

Seplat Energy has announced commitment to sustainable business practices, ending gas flaring by 2025, and expanding clean energy solutions.

Portland Gas hails CNG programme as transformative for Nigeria’s transport sector, with incentives and a new app for adoption.

CBN approved Providus’ takeover of Unity Bank to prevent financial instability in northern Nigeria, according to findings.

Edo Refinery has raised alarm over crude supply issues despite agreements with NNPC, operating below capacity due to persistent shortages.

An OPEC report has stated that Nigeria’s Dangote Refinery could significantly disrupt Europe’s oil industry, reshaping global fuel supply dynamics.

Dangote Group says the NUPRC has not fulfilled crude allocation promises, raising concerns about PIA enforcement.

NBS has reported a 19.2% increase in healthy diet cost to N1,241 in June, with regional disparities and inflation impact noted.

The CBN sold $876.26 million in foreign exchange via the rDAS, aiming to alleviate market demand pressure.

A US judge ruling has put Google’s $20 billion deal with Apple at risk.

Hyundai’s $28 million Thailand EV factory has sparked local industry growth, amid surging Southeast Asian demand for electric vehicles.

HIG has appointed Ibrahim Puri and Sonny Iroche as Independent Non-Executive Directors, bolstering its leadership and governance for future growth.

The CBN has approved Providus Bank Limited’s acquisition of Unity Bank Plc, granting an 80-20 asset ownership split.

Finance Minister Wale Edun has defended the controversial banking sector windfall tax, stating it aims to redistribute unearned income.

Nigerian stock market has mirrored global downturn, with NGX ASI down 0.17% after MTN Nigeria’s significant share price drop.

Aviation unions have requested President Tinubu’s intervention in Arik Air’s grounding, citing severe economic impact on staff and passengers.

NNPC has launched a new crude oil blend with a current production of 28,000 barrels per day, aiming for 50,000.