Federal Executive Council to Set Petrol Pricing for Dangote Refinery
Aliko Dangote, Chairman of Dangote Industries Limited, has revealed that the pricing of petrol from his newly launched refinery will be set by the Federal Executive Council (FEC). Speaking after a press conference in Lagos on Tuesday, Dangote stated that the pricing strategy is currently under consideration by the FEC, led by President Bola Ahmed […]
Cathay Pacific Cancels Dozens of Flights After Faulty Engine Parts Found in Airbus A350 Fleet
Hong Kong’s flagship airline, Cathay Pacific, has cancelled dozens of flights after a Zurich-bound plane had to return to Hong Kong due to an “engine component failure.” The airline inspected all 48 of its Airbus A350 aircraft and found that 15 had faulty parts needing replacement. The affected planes are powered by Trent XWB-97 engines […]
Atiku Abubakar Calls for NNPCL to Be Listed on Stock Exchange, Criticizes Privatization Efforts
Former Vice President Atiku Abubakar has urged the Nigerian National Petroleum Corporation Limited (NNPCL) to list on the stock exchange, as required by the Petroleum Industry Act (PIA). This demand follows NNPCL’s decision to transfer management of the Warri and Kaduna refineries to private operators. Atiku criticized NNPCL’s assertion of being a private entity, calling […]
X Banned in Brazil for Non-Compliance with Court Orders
X, formerly known as Twitter, has been banned in Brazil after failing to meet a deadline set by Supreme Court Judge Alexandre de Moraes to appoint a new legal representative in the country. Judge Moraes ordered the “immediate and complete suspension” of the social media platform until it complies with all court orders and settles […]
Shein Tightens Supplier Oversight After Uncovering Child Labor Cases Amid Stock Market Listing Plans
Chinese fast fashion giant Shein reported finding two instances of child labor within its supply chain last year, as the company intensifies its oversight of its manufacturers. Shein temporarily halted orders from the involved suppliers, only resuming business after they implemented stricter measures to address the issue. This disclosure is part of Shein’s 2023 sustainability […]
Foxtel CEO Apologizes After Photo Surfaces of Him Performing Nazi Salute, Sparking Outrage
The CEO of Foxtel, a major Australian cable television company primarily owned by News Corp, has issued an “unreserved” apology after a photo emerged showing him performing a Nazi salute. Patrick Delaney explained that he believed he was mimicking a gesture used by some fans of the Western Sydney soccer club when the photo was […]
No Petrol Price Set Amid Market Speculation -Dangote
The Dangote Petroleum Refinery has addressed recent reports regarding the projected price of petrol, clarifying that it has not yet fixed a price for its product. Contrary to claims that oil marketers predicted petrol from the refinery would sell at N600 per litre, Anthony Chiejina, the group chief branding and communications officer of Dangote Group, […]
“We Reduce Stake in Dangote Refinery to Invest in CNG” – NNPC
The Nigerian National Petroleum Company (NNPC) Limited has reduced its stake in the Dangote Petroleum Refinery from 20 percent to 7.2 percent, citing a strategic shift towards investing in Compressed Natural Gas (CNG). This move was explained by NNPC spokesperson, Femi Soneye, during an appearance on the Brekete Family programme on Monday. In September 2021, […]
NNPC Foundation Donates 10 CNG Buses to Boost Nigeria’s Green Transportation Initiative
The Nigerian National Petroleum Corporation (NNPC) Foundation has contributed 10 Compressed Natural Gas (CNG) buses to the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) initiative, aimed at transforming the nation’s transportation sector. This donation was made in alignment with the NNPC Foundation’s commitment to energy and environmental sustainability. Speaking with State House correspondents […]
NDIC Reveals 17.6% of Heritage Bank Depositors Await Payment After Liquidation
The Nigeria Deposit Insurance Corporation (NDIC) has reported that 17.6% of Heritage Bank depositors are yet to receive payments following the bank’s liquidation. The delay, according to NDIC spokesperson Bashir Nuhu, is due to verification issues. On June 3, the Central Bank of Nigeria (CBN) revoked Heritage Bank’s license, citing a violation of Section 12 […]
