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 […]
Atiku Abubakar Denounces Efforts to Undermine Dangote Refinery, Urges Nigerians to Safeguard Project
Former Vice President Atiku Abubakar has voiced strong opposition to any attempts to obstruct the progress of the Dangote refinery, a major private sector initiative poised to address Nigeria’s energy and foreign exchange needs. In a post on X (formerly Twitter) on Saturday, Atiku emphasized the importance of supporting the refinery, urging Nigerians to ensure […]
Tony Elumelu Demands Action on Oil Theft, Criticizes Government Inaction
Nigerian businessman and philanthropist Tony Elumelu has urged the federal government and security agencies to expose those responsible for the rampant crude oil theft plaguing the nation. In an interview published by the Financial Times on Friday, Elumelu stressed the devastating effect of this theft on Nigeria’s economy, which has contributed to the exodus of […]
Dangote Refinery Urges NUPRC to Enforce Domestic Crude Supply Obligation as Mandated by PIA
The management of Dangote Petroleum Refinery has called on the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to strictly enforce the domestic crude supply obligation outlined in the Petroleum Industry Act (PIA). They emphasize that Nigerian refineries should have the right to purchase crude directly from domestic producers, bypassing international intermediaries, as stipulated in the PIA. […]
