Business

The Deputy Senate President, Ovie Omo-Agege, yesterday disclosed that the National Assembly, NASS, is committed to making laws that encourage private enterprises and further grow the nation’s creative sector. He lamented that despite being a leader in raw content production in Africa, Nigeria is not doing enough to monetize them …

Effective October 4, 2022, Delta Air Lines will suspend its flights between New York JFK airport and Lagos. The airline disclosed this via a statement, stating that the route suspension was to fit into “the current demand environment.” The statement read, “Delta is suspending its nonstop service between New York-JFK …

Streaming giant, Netflix, has recorded a staggering loss of 970,000 subscribers in the second quarter of 2022. The company lost about 200,000 subscribers in the first quarter of 2022, the highest in over a decade. Netflix believes that factors hampering its growth include the time it is taking for homes …

The Nigerian National Petroleum Corporation has on Tuesday, transited fully into a commercial entity, becoming the NNPC Limited. The official transitioning into a private entity means that the oil company would be regulated in line with the provisions of the Companies and Allied Matters Act from Tuesday, with the Group …

Many passengers were stranded at various bus stops in Lagos State, Monday morning, as commercial vehicles were scarce on the road. The scarcity of vehicles was attributed to the fuel scarcity, which was gradually building up in some parts of Lagos. A reporter saw that many people were stranded at …

LAGOS—Oando Plc. has recorded another milestone with the signing of a Memorandum of Understanding, MoU, with the Lagos Metropolitan Area Transport Authority, LAMATA, for the introduction of electric mass transit buses. A statement by the Managing Director, LAMATA, Mr. Abimbola Akinajo, said: “Oando Clean Energy came to us with a …

As part of efforts to boost the capacity of Nigerians to work in the oil and gas industry, the Petroleum Technology Development Fund (PTDF) has shortlisted 8,800 candidates from over 26,000 applicants for this year’s Overseas Scholarship Scheme, OSS. The PTDF OSS is an annual programme that awards scholarships to …

The Federal Government approved tax reliefs for tech startups to enable the implementation of strategies to encourage and support the development and growth of more Innovation-Driven Enterprises. The Minister of Communications and Digital Economy, Isa Ali Pantami, said this in a statement Sunday by his technical assistant, Femi Adeluyi. Pantami …

The dollar exchanged at N600 on Monday at the parallel market, heightening fears of a further devaluation of the nation’s currency. The rate at the Importers and Exporters Window was, however, N415.75 on Monday, widening the exchange rate spread to N184.25. At Zone 4 in Abuja, which is the hub …

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 …