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Starlink to Halt Service To Unauthorised Ghana Users By August 21
Starlink, the satellite internet provider Elon Musk owns, has announced plans to disconnect users in Ghana from accessing its mobile plans by August...
BusinessFood
Economic Hardship: Nearly 50% of Oyo Poultry Farms Have Shut Down – Poultry Association Head Laments
Nearly half of all poultry farms in Oyo state have been forced to shut down their operations due to rising costs. This alarming...
BusinessNews
Nigeria’s Azman Air Pauses Operations, Sends Staff on Unpaid Leave
Nigerian airline, Azman Air has suspended its operations and placed nearly its entire workforce on compulsory leave without pay. The airline’s Public Relations...
BusinessNews
Lagos Environmental Corps Seizes ₦2m Worth of Styrofoam Packs Bound for Cameroon
The Lagos Environmental Sanitation Corps (LAGESC) has intercepted a truckload of Styrofoam packs in transit within Lagos State. The truck, a Mercedes-Benz 814,...
BusinessNews
Nigeria’s Manufacturers’ Association Lament Over CBN’s Unsettled $2.4 Billion Forex Forward Contracts
The Manufacturers Association of Nigeria (MAN) has called on the Central Bank of Nigeria (CBN) to take urgent action regarding outstanding obligations related...
Business
Dangote Refinery Will Disrupt European Oil Market with Increased Diesel, Jet Fuel Exports — OPEC
The Organisation of Petroleum Exporting Countries (OPEC) has said that Nigeria’s Dangote Refinery and Petrochemicals will disrupt Europe’s oil market, particularly in the...
BusinessNews
Jumia Reports 25% Revenue Drop in Q2, Operating Losses Rise to $20 million
Jumia, Africa’s leading e-commerce platform, reported a significant drop in revenue and increased operating losses for Q2 2024. The company’s revenue fell 25...
BusinessNews
Court Nullifies Sale of Controversial ‘Nigeria Air’ to Ethiopian Airlines, Tells FG To Stop Plans
A Federal High Court in Lagos has nullified the sale of a 49 per cent equity stake in Nigeria Air to Ethiopian Airlines....
BusinessFinance
Newly Appointed PenCom Director Was Reportedly Sacked By First Bank Over N40bn Fraud
According to an exclusive report by Tech Cabal, over 100 employees were sacked in July 2024 over an N40 billion fraud engineered by...
BusinessNews
Kaduna Electric Cuts Power to Govt. House For N2.9bn Debt, After Govt. Agency Closed Its Office Over Tax
Kaduna Electricity has cut power supply to the Kaduna State Government House and other state facilities due to unpaid bills totalling N2.9 billion....
BusinessNews
FCCPC Hits Coca-Cola, NBC with Final Warning For Misleading Product Labelling
The Federal Competition and Consumer Protection Commission (FCCPC) has issued a regulatory warning to Coca-Cola Nigeria Ltd and the Nigerian Bottling Company (NBC)...
BusinessNews
Delta Air Lines To Sue CrowdStrike, Microsoft For Over $350 Million Loss Caused By Recent Outage
Delta Air Lines has disclosed that it is seeking compensation from CrowdStrike and Microsoft following a significant software outage that disrupted operations on...