Business

The Airline Operators of Nigeria have announced plans to disrupt scheduled flight operations over the scarcity of aviation fuel. The announcement was contained in a statement titled, ‘Public notice: Disruptions in flight operations’, on Monday. In the statement signed by AON’s spokesperson, Prof. Obiora Spokesman, the operators lamented that aviation …

After over 30 years of operation, fast food retail giant, McDonald’s is set to permanently leave Russia. Sources recalls that in March McDonald’s temporarily shut down its roughly 850 restaurants in the country as part of the economic fallout following Russia’s invasion of Ukraine. The Chicago-based company, owns 84% of its …

Bulgaria will receive supplies of US liquefied natural gas (LNG) at prices lower than Gazprom’s starting in June, according to a deal struck between Prime Minister Kiril Petkov and US Vice President Kamala Harris, the government’s press service said on Wednesday. Deputy Minister of Economy Georgi Danailov commented that the …

Jubilant Crowd Receive MOJEC Mobile MAP Metering Team at Oshodi Business District Jubilant electricity consumers trooped out in their numbers to participate in the MOJEC Mobile MAP initiative, with many applauding the pleasant surprise of being metered same day. The Mobile MAP team, comprising MOJEC and Ikeja Electricity Distribution Company …

Fitch, the world’s biggest global rating agency has alleged that Africa’s wealthiest man, Aliko Dangote is not capable of completing its highly anticipated Refinery situated in Lagos. The agency claims that his company, Dangote Industries has limited financial flexibility with to complete its refinery. The Allegation is based on the …

Twitter estimates spam, fake accounts comprise less than 5% of users – Filing Twitter Inc (TWTR.N) estimated in a filing on Monday that false or spam accounts represented fewer than 5% of its monetizable daily active users during the first quarter. The social media company had 229 million users who …

The Dangote Group has disclosed that it would soon stop accessing foreign exchange (forex) from the Central Bank of Nigeria (CBN). The conglomerate has also revealed that it would expand its operations into the steel sector. Group Managing Director, Dangote Group, Mr. Olakunle Alake, made this disclosure during a panel …

“There is no official pronouncement of what it means to breach sanctions,” Draghi said. “Nobody has ever said anything about whether rubles payments breach sanctions or not.” Draghi said it’s “such a gray zone.” He said Germany’s biggest company has already paid in rubles and that most gas importers have …

Airline Operators of Nigeria, AON, has given a graphic picture of how major oil marketers are shortchanging them with the cost of aviation fuel, also known as Jet-A!. It will be recalled that the operators had two months ago, on heels of the astronomical prices of aviation fuel, given a …

The Independent Petroleum Marketers Association of Nigeria has asked Nigerians to prepare for the worst fuel crisis. To avoid this, the petrol marketers association asked the Federal Government to prevail on the Nigerian Midstream and Downstream Petroleum Regulatory Authority to pay its members their outstanding bridging claims amounting to over …