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The Nigeria National Petroleum Corporation Limited is working with the Military, to investigate an illegal crude oil vessel loaded with thousands of metric tonnes of crude oil in Oporoza, Warri, Delta State, southern Nigeria. All 23 crew…

U.S. parcel delivery giant FedEx Corp (FDX.N) has said that it hasn't seen much of a shift to air freight due to disruptions in the Red Sea that have tacked on nearly two weeks to shipping transit times. "Shipping over the ocean makes up…

The BMW Group says it delivered 99,972 all-electric vehicles in the Chinese market in 2023. This indicates a year-on-year increase of more than 138 percent it added. The rapid growth in sales of new energy vehicles in China has boosted…

A technology innovation centre has announced an investment of $700,000 in tech startups based in Edo State to apply through its Innovation Challenge and Support programs. The initiative aims to accelerate the growth of technology-driven…

Wells Fargo (WFC.N), Bank of America (BAC.N) and Citigroup (C.N) reduced their workforces by a combined 17,700 last year, the banking giants reported in their fourth-quarter earnings. As dealmaking dried up and demand from borrowers…

Nigeria has all it takes to record positive economic growth in 2024 despite the diverse economic uncertainties within the country and the world at large. This optimism formed the basis of discussions by various economic experts at…

Production at the Dangote Refinery and Petrochemical Company kicked off on Friday. The refinery received the fifth crude oil shipment of one million barrels of Bonny Light supplied by the Nigerian National Petroleum Corporation Limited…

The European Union has disclosed plans to implement a robust customs pre-arrival safety and security system targeting cargoes entering the region via sea, rail, and road. The EU said in a statement that the new initiative aligns with its…

Global shares edged up on Friday while oil surged as the conflict in the Red Sea region appeared to escalate, while slightly hotter U.S. inflation data did not shift investors' view that interest rates could soon start to fall. The MSCI…

President Bola Ahmed Tinubu has received brief on a $10bn investment prospects in Nigeria's Steel Sector. The President, at the State House in Abuja, held a meeting with the Minister of Steel Development,…