During a recent conversation on an X (formerly Twitter) space hosted by Nairametrics, Mr. Devakumar Edwin, Vice President of Dangote Industries Limited, shed light on the company’s decision to abandon its plans to construct a 1,200-kilometer subsea gas pipeline. The pipeline was initially intended to transport gas from offshore sources to the Nigerian mainland, where…
A group of private astronauts is set to make history on Thursday with the first private spacewalk in orbit, launching from a SpaceX capsule as part of the ambitious Polaris Dawn mission. The crew, which includes a billionaire entrepreneur, a retired military fighter pilot, and two SpaceX employees, has been orbiting Earth aboard the SpaceX…
Data center operators in Nigeria are facing significant challenges due to the ongoing foreign exchange (forex) crisis, which is now jeopardizing the substantial investments already made in the construction and operation of these facilities. Industry experts have expressed deep concerns about the increasing difficulty in securing additional financing, as operators struggle to generate sufficient returns…
Chelsea’s Late Bid for Victor Osimhen: Inside the Transfer Drama and Hopes for January Move Premier League giants Chelsea made a last-minute effort to sign Nigerian striker Victor Osimhen during the summer transfer window as the forward looked set to leave Serie A champions Napoli. However, despite a lucrative offer from Saudi Pro League side…
The Securities and Exchange Commission (SEC) has announced its intention to begin enforcing regulatory actions against individuals and business entities, including cryptocurrency exchanges, that are operating outside of its regulations in the country. Dr. Emomotimi Agama, the Director-General of SEC, disclosed this in a statement on Sunday, reaffirming the commission’s dedication to safeguarding investors. This…
Stanbic IBTC Holdings has announced an interim dividend of N2.00 per ordinary share of 50 kobo each, amounting to a total payout of N25.9 billion. This development was disclosed in a corporate action statement released by the Nigerian Exchange Group (NGX), highlighting the bank’s strong financial performance during the year. The announcement comes on the…
Dogecoin, one of the largest meme-based cryptocurrencies by market capitalization, experienced a modest surge recently following a cryptic tweet from one of its earliest and most prominent backers. Elon Musk, the multi-billionaire owner of X (formerly known as Twitter), has long played a key role in the promotion of Dogecoin, particularly during its early days….
Real Madrid manager Carlo Ancelotti, a veteran coach with a wealth of experience managing top clubs, has expressed his satisfaction with how both players are settling into their new surroundings.
NNPC explained that the pricing of petroleum products, including those sourced from the Dangote Refinery, is largely influenced by global market conditions.
The Nigeria National Petroleum Company Ltd (NNPCL) has announced plans to supply a substantial amount of crude oil to the Dangote Refinery over the next two months. According to Mr. Adedapo Segun, Executive Vice President of the NNPCL, the company is set to deliver a total of 17.6 million barrels of crude oil between September…
