Africa’s largest refinery cuts petrol unit by 34% as exports slump
Industry monitor IIR Energy said the refinery’s Residual Fluid Catalytic Cracking Unit (RFCCU) is expected to return to full rates by mid-June after repairs to a flue gas slide gate valve. “Initially, lighter crude being processed resulted in insufficient feed…
Elon Musk Becomes World’s First Trillionaire In History
Elon Musk has become the first person in history to surpass the $1 trillion net worth mark, at least on paper, after SpaceX priced its highly anticipated initial public offering (IPO) at $135 per share. Prior to th.e IPO, Musk’s…
BREAKING: Veteran Nollywood Actor Kola Oyewo Dies
Veteran Nigerian actor and theatre icon, Kola Oyewo, has passed away. The news of his death was announced on Friday by actor and filmmaker, Kunle Afod, through a post shared on his official Instagram page. Afod, in the post, described…
Poverty, Illiteracy in North-West: ‘Let’s prioritise actions over announcements’ – Emir Sanusi
The Emir of Kano, Muhammadu Sanusi II, has called for actions over announcements, raising concerns over the rising levels of poverty, poor education, and weak healthcare systems affecting millions of people in Nigeria’s North-West region. She called for stronger social…
Otti Showcases Abia’s Investment Potential at Invest Lagos 3.0, Courts Global Investors
Governor Alex Otti has presented Abia State as one of Nigeria’s emerging investment destinations, highlighting major achievements in power, infrastructure, healthcare, and industrial development during the opening ceremony of Invest Lagos 3.0 held at the Convention Centre of Eko Hotels…
Nigeria Labour Leader Dies In Switzerland
Adeleke, Chairman of the Lagos State Joint Negotiating Council (JNC), died on Tuesday in Geneva after a brief illness. The Nigerian delegation to the 114th Session of the International Labour Conference (ILC) in Geneva and the labour movement have been…
Electric Vehicles to Dominate Chinese Market, BYD Projects
Chinese electric vehicle (EV) giant BYD has predicted that electric and hybrid vehicles will soon make up nearly 80 percent of all new car sales in China, underscoring the country’s rapid transition away from traditional gasoline-powered vehicles. Speaking on the…
Nigeria’s national grid to get additional 220mw electricity
Nigeria’s national grid will get an additional 220 megawatts of electricity. This comes as the Transmission Company of Nigeria formally granted access to Mainstream Energy to commence Kainji Hydro Power Plant switchyard units 1G3. TCN disclosed this in a statement…
African referee denied entry to US for World Cup
Award-winning Somali referee Omar Artan, set to be the first from his country to officiate at the World Cup finals, was denied entry to the United States, a sports ministry official told AFP on Monday. It was not immediately clear…
Customers may boycott Access Bank over poor services – Ogunbunka
One of Nigeria’s commercial banks, Access Bank, risks a mass exodus of customers over poor handling of its loan service, the president of the Bank Customers’ Association of Nigeria, Dr. Uju Ogunbunka, has said.He disclosed this in an interview with…