Nigeria is targeting the export of 1 million barrels of Usan crude by August, reinforcing its crude oil supply to the global market Nigeria’s Usan crude trade has entered a new phase after recording its first-ever deal in the Platts Market on Close (MOC) assessment process. The milestone came during the June 25 trading session….
AJE Group, makers of BIG Cola and Cifrut, has introduced Cielo, a new beverage designed for health-conscious Nigerians. The drink contains antioxidants, natural colouring, and zero sugar. It also reflects the growing demand for guilt-free refreshment. Cielo is available in three refreshing flavours: Orange, Apple, and Lemon-Lime, giving consumers more exciting choices. Speaking during the…
100,000 jobs are at risk as Volkswagen considers factory closures amid a major restructuring plan affecting four plants. Volkswagen may be preparing its biggest restructuring in years. A new report claims the German auto giant could cut up to 100,000 jobs and close four factories. That is double the 50,000 job cuts already planned across…
Oluremi Tinubu, Nigeria’s first lady, has encouraged Nigerians to start a small business, such as selling akara or roasted corn, saying those ventures require little capital The first lady spoke while addressing journalists in an interview that has since gone viral. Says government has offered support Tinubu said her office has continued to support Nigerians…
Oil prices drop to levels seen before the recent Iran conflict, giving global markets a reason to relax. Brent crude, the global oil benchmark, fell to $72.24 per barrel on Thursday. That is slightly below the price recorded before the US and Israel launched missile strikes on Tehran. Oil prices have now dropped by more…
Allen Onyema, chairman and chief executive officer (CEO) of Air Peace, has called on Nigerians to boycott South Africa over repeated attacks on foreign nationals. Onyema spoke during an exclusive interview on Arise Television. Condemns attacks on Nigerians The Air Peace boss criticised recurring attacks on Nigerians and other African migrants in South Africa. He…
Heineken names Rafael Oliveira as its new CEO. The former JDE Peet’s boss will lead the brewer as it tackles weaker beer sales and job cuts Heineken has chosen Rafael Oliveira as its new chief executive officer, marking a major leadership change for the Dutch brewing giant. The company announced on Tuesday that Oliveira will…
The federal government has directed security agencies and regulators to clamp down on hoarding, illegal diversion and speculative storage of liquefied petroleum gas (LPG), popularly known as cooking gas. The move comes amid a sharp increase in cooking gas prices across the country. FG summons stakeholders Ekperikpe Ekpo, minister of state for petroleum resources (gas),…
Business mogul Tony Elumelu has sparked fresh conversations after revealing the secret behind his success. The Chairman of Heirs Holdings and founder of the Tony Elumelu Foundation said luck played a major role in his journey. He made the statement during an interview with popular YouTuber Korty EO. His comments have surprised many people who…
President Bola Tinubu has granted a six-month tenure extension to Adewale Adeniyi, comptroller-general of the Nigeria Customs Service (NCS). Bayo Onanuga, special adviser to the president on information and strategy, announced the decision in a statement on Friday. According to Onanuga, Adeniyi’s current tenure was due to expire on August 1, 2026. However, the president…
