Dangote Petroleum Refinery Slashes Diesel, Aviation Fuel Prices Again
Dangote Petroleum Refinery has once again taken a significant step towards alleviating the economic burden on Nigerians by reducing the prices of diesel and aviation fuel. The refinery announced a reduction to ₦940 per litre for diesel and ₦980 per litre for aviation fuel, following its recent price cut to ₦1,000 per litre just two […]
CBN Sells $10,000 to BDCs at ₦1,021/$1
In a bid to stabilize the foreign exchange market and address the retail-end demand for foreign currency, the Central Bank of Nigeria (CBN) has announced the sale of $10,000 to Bureau De Change (BDC) operators at the rate of ₦1,021/$1. This marks the second of such sale this month and the fourth in the current […]
FCCPC Seals Chinese Supermarket in Abuja Over Discriminatory Policy Against Nigerian
Officials from the Federal Competition and Consumer Protection Commission (FCCPC) took decisive action on Monday by sealing off an Abuja-based Chinese supermarket located within the premises of the China General Chamber of Commerce. The move comes in response to widespread public outcry following reports of discriminatory practices against Nigerian shoppers. Upon arriving at the supermarket, […]
First Bank appoints Olusegun Alebiosu as Acting CEO
FBN Holdings Ltd has officially notified the Nigerian Exchange Limited that it has appointed Olusegun Alebiosu as the Acting Chief Executive Officer of its subsidiary, First Bank of Nigeria Limited. The appointment of Mr Alebiosu follows the resignation of Adesola Adeduntan, who was due to complete his tenure in December. Alebiosu joined First Bank in […]
Elon Musk Opposes Planned TikTok Ban in U.S., Citing Freedom of Speech Concerns
Renowned entrepreneur Elon Musk has publicly voiced his opposition to the proposed ban of TikTok in the United States, despite the potential benefits it could bring to his own social media platform, X, formerly known as Twitter. The initiative, gaining bipartisan momentum in Congress, faces a crucial vote in the US House of Representatives on […]
Dangote Refinery Slashes Diesel Prices Further Amidst Rising Inflation
Dangote Petroleum Refinery has taken another significant step to address the soaring inflation rates in Nigeria by further reducing diesel prices, from N1,200 to N1,000 per litre. This recent price cut follows a previous adjustment made three weeks ago when the refinery initially lowered diesel prices by over 30%, bringing them down from N1,600 to […]
Tragic Fire Consumes Denmark’s Historic Børsen Stock Exchange
A devastating fire has engulfed Denmark’s historic old stock exchange building in the heart of Copenhagen. The 17th Century Børsen, one of the city’s oldest structures, saw its iconic spire collapse amidst the flames, leaving onlookers in shock. Fortunately, all occupants of the building were evacuated safely, and efforts were made to salvage some of […]
Samsung Regains Top Spot in Smartphone Market, IDC Reports
Samsung has reclaimed its position as the leading smartphone seller, surpassing Apple as Chinese competitors pose a growing challenge to both market giants, according to industry tracker International Data Corporation (IDC) in its report released Monday. Worldwide smartphone shipments surged nearly 8 percent in the first quarter of this year, reaching 289.4 million units, IDC […]
Gov Sanwo-Olu Assesses Idumota Market Fire Damage, Vows Demolition of Unapproved Buildings
Governor Babajide Sanwo-Olu conducted an inspection of the aftermath of a devastating fire at the bustling Idumota market on Thursday, accompanied by state officials. The visit aimed to evaluate the extent of the damage caused by the fire and outline plans for recovery and reconstruction. Expressing concern over the impact of the fire, Governor Sanwo-Olu […]
Binance’s New CEO Emphasizes Commitment Regulatory Compliance Amid Recent Legal Challenges
Richard Teng, the newly appointed CEO of the world’s leading cryptocurrency platform, Binance, has underscored the importance of regulatory compliance for the company’s future success. His remarks come in the wake of recent legal challenges faced by Binance, including allegations of regulatory violations and tax evasion. The cryptocurrency giant has been grappling with regulatory scrutiny […]
