Elon Musk’s internet company, Starlink, has emerged as Nigeria’s third largest Internet Service Provider (ISP) by subscriber number in the fourth quarter (Q4) of 2023. This was revealed in the latest ISP data released by the Nigerian Communications Commission (NCC). According to the data, the company’s active customers in Nigeria increased to 23,897 in […]
Business
Tinubu vows to complete Lagos-Ibadan-Abuja rail project
…China rail attracts $3bn investment …Employs 4000 Nigerians President Bola Tinubu has vowed to ensure the successful execution of the Lagos-Ibadan-Abuja rail project to ease mass movement across the country. This is just as he also assured that Nigeria would continue to remain a safe hub for investments, as his […]
Shell says huge fire near Nigeria’s Gbaran gas field has been put out
Oil major, Shell has confirmed a fire that broke out near its Gbaran Ubie gas facility in Nigeria’s coastal Bayelsa state on Tuesday has been put out. “We are pleased to report that the fire outside our Gbaran Central Processing Facility…went out last night and a regulator-led Joint Investigation Visit […]
Why Emirates retained all staff for 18 months despite flight suspension
Emirates Airlines for the past 18 months of suspending flights into Nigeria retained all its staff and kept paying salaries, BusinessDay Sunday findings showed. The airline, which suspended flight operations in November, 2022 because of its inability to repatriate its trapped funds, did not stop paying monthly salaries and rents for all […]
Usyk Beats Tyson Fury To Win Historic Undisputed Heavyweight Championship Fight
Oleksandr Usyk beats Tyson Fury to win historic undisputed heavyweight championship fight Oleksandr Usyk beat Tyson Fury by split decision to unify the WBA, WBO, WBC and IBF world titles; Fury and Usyk were fighting at the Kingdom Arena in Riyad to decide the first undisputed world heavyweight champion in […]
Spain Blocks Ship Carrying Arms To Israel, Says Middle East Needs Peace Not Arms
Spain Denies Permission To Ship Carrying Arms To Israel, Says Middle East Needs Peace, Not More Weapons Spanish foreign minister, José Manuel Albares, has said that the country has refused to grant permission to a ship carrying arms to Israel to dock at a Spanish port. “This is the first […]
Marketers Demand Bulk Supply As Dangote Ends Fuel Import June
The Dangote oil refinery is set to put an end to the monthly importation of an average of 1 billion litres of premium motor spirit in Nigeria. This was as the Chairman of the Dangote Group, Aliko Dangote, revealed that Nigeria would end petrol imports the moment the refinery started […]
CNG Vehicles To Save Nigeria $2.5 Billion Yearly – FG Says
The Federal Government has explained the importance of Compressed Natural Gas (CNG) to economic development, saying every 1,000,000 vehicles converted to CNG will save the country about $2.5bn. The Programme Director, Presidential Initiative on Compressed Natural Gas, Pi-CNG, Michael Oluwagbemi, said the push for CNG by the Federal Government would […]
Burnt Lagos tank farm not ours, NNPC says as it resumes operation
The Nigerian National Petroleum Company (NNPC) Limited has stated that the fire incident at a tank farm in Marine Beach, Apapa, Lagos, was at a depot belonging to HOGL Energy Ltd (Honeywell Depot), and not an NNPC Retail Ltd’s facility as circulated by early responders. According to a statement signed […]
From student loans to global logistics: How three friends started DHL
DHL’s rise from modest beginnings to become a global leader in logistics is nothing short of remarkable. In 1969, three friends, Adrian Dalsey, Larry Hillblom and Robert Lynn, decided to start their delivery business with what little means they had in San Francisco, USA. Larry Hillblom started his career in […]