Business

In a move to increase the size of its fleet, Virgin Atlantic has ordered seven A330neo. The order was announced during the Farnborough Airshow onboard Virgin Atlantic’s A330neo, named ‘Ruby Rebel’, and registered as GB-VSRB after founder Sir Richard Branson, ...

Mele Kyari, the group chief executive officer of the Nigerian National Petroleum Company (NNPC) has responded to allegations made by the President of Dangote Group, Aliko Dangote, regarding the establishment of a blending plant in Malta by some NNPC workers. In a ...

The BBC has announced it is to cut 500 jobs as it attempts to save £200 million to drive the “transformation” of the corporation. Chief operating adviser Leigh Tavaziva said it is making the changes to improve its premium video offering and ...

TotalEnergies Marketing Nigeria Plc has announced that it has graduated 79 youths in its 2023 Skill Acquisition Programme batch in Koko, Delta State. According to a statement issued by TotalEnergies, the event marked a significant milestone in the company’s commitment ...

  Unilever Nigeria Plc has reported a 61 per cent increase in its profit after tax for the first half of 2024, reaching N4.4bn compared to N2.8bn in the same period last year. The growth was attributed to a revenue ...

  A former Minister of Education, Oby Ezekwesili, has called for an independent audit of why the Nigerian National Petroleum Company Limited capped its investment in the Dangote Petroleum Refinery at 7.2 per cent instead of the planned 20 per ...

The Federal Government has stepped in to resolve the ongoing dispute between Aliko Dangote, Africa’s richest man, and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) over the Dangote Refinery project in Lagos. The controversy centers on the alleged ...

In the 2024 Top 1000 World Banks’ Rankings, released by The Banker Magazine, Zenith Bank Plc has maintained its leadership by Tier-1 capital for the fifteenth year in a row. According to the report published in the July 2024 edition ...

The 2023 Labour Party presidential candidate Peter Obi has voiced his support for the Dangote Refinery, urging the Nigerian government to resolve ongoing conflicts and provide necessary assistance for the project’s success. In a statement on Tuesday via X, Obi emphasised the critical ...

The Joint Committee of the House of Representatives carrying out a forensic investigation into the challenges affecting the downstream and midstream petroleum sectors has commenced a probe into allegations of importation of contaminated Premium Motor Spirit, also known as fuel, ...

During the graduation ceremony at Adeleke University, founder Dr. Deji Adeleke, father of renowned musician Davido, made a remarkable announcement He pledged to offer immediate employment opportunities at his company, Pacific Energy, to all students who graduated with a first-class ...

The Federal Government has announced plans to commission 30,000 Compressed Natural Gas (CNG) powered vehicles within the next 90 days, signaling an end to the era of buying fuel at high prices (N750-N1000 per liter) Michael Oluwagbemi, CEO of the ...

Aston Villa has confirmed the signing of Amadou Onana from Everton for a £50 million transfer fee, with the Belgian midfielder committing to a contract until 2029. Onana, 22, is highly regarded and was sought after by various clubs in ...

The President of Dangote Group, Aliko Dangote, has disclosed that his friend who earlier warned him against investing in Nigeria is now taunting him for ignoring his advice. Dangote disclosed this in an interview with Premium Times on Sunday just as ...

The Central Bank of Nigeria (CBN) has issued new guidelines requiring banks and financial institutions to transfer unclaimed balances and funds from dormant accounts to the CBN’s accounts The guidelines, effective immediately, aim to reunite dormant accounts and unclaimed balances ...

  The ‘Giant in you’ campaign of the FirstBank has again confirmed the common expression that ‘apple doesn’t fall far from the tree’ given the history of the financial brand and its legendary relevance to the growth of enterprises, within ...

  The Naira depreciated at the official market, trading at N1,577.29 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), showed that the Naira lost ...

Mason Greenwood’s protracted transfer saga is nearing its conclusion The Manchester United forward, who spent last season on loan at Getafe, is set to join Marseille after a principle agreement was reached between the clubs. According to David Ornstein of ...

In line with its usual custom of rewarding loyalty, Africa’s Global Bank, United Bank for Africa Plc, is set to launch the “UBA Legacy Promo” as part of activities to mark its 75th year anniversary. This campaign has been specially ...

UK fashion group Burberry has appointed a new boss as it looks to halt a slump in sales. The company said Joshua Schulman, the former boss of US brand Michael Kors, will take over as chief executive. Mr Schulman replaces Jonathan Akeroyd, who ...

  The Nigeria Security and Civil Defence Corps Commandant General’s Special Intelligence Squad has arrested three suspects for vandalism of oil pipeline, oil theft and illegal dealings in petroleum product at Umuodo, Umuajuloke Community in Omuma Local Government Area of Rivers State. Dandaura ...

Abiri Oluwabusayo Khloe, a former contestant on the popular reality TV show Big Brother Naija, has publicly accused an airline of mishandling her luggage, resulting in a substantial loss of personal belongings. The reality star claims that items worth over ...

  Africa’s richest man, Aliko Dangote, says his knack for industrialisation in Nigeria is the reason why he doesn’t have houses abroad. Dangote noted that having houses in London or the United States of America would distract him from his ...

The MTN Foundation and the Musical Society of Nigeria have announced the graduation of 29 young musicians from their prestigious scholarship program. The event, held recently at the MUSON Centre in Lagos, showcased the scholars’ exceptional talent and marked a ...

A significant fire broke out at a palm kernel oil extracting industry in Abakaliki, Ebonyi state, resulting in substantial damage and loss The blaze destroyed palm kernels valued at over N170 million, refined and unrefined oil, and a Sienna bus. ...