Business Archives - Page 7 of 60

Meta Accuses Australia of Free Trade Breach Over Proposed Tech Tax

NewsDeskNgJun 4, 2026June 4, 20260

Meta has accused Australia of breaching its free trade agreement with the United States after Canberra proposed a new tax on major technology companies that fail to strike licensing deals with local media organisations. The company, which owns Facebook and Instagram, said the planned levy would be “indefensible” and argued...

Shell Continued Oil Operations In Nigeria Despite Internal Warnings Over Pollution Risks, BBC Reports

NewsDeskNgJun 3, 2026June 3, 20260

Documents show Shell pumped oil through Nigerian pipeline for years despite evidence of environmental pollution concerns emerging now British multinational Shell continued operating a major oil pipeline in Nigeria for years despite internal warnings that it was causing widespread environmental damage, according to internal documents. The files, which include emails,...

Blackstone Raises Record $13.1bn for Largest Asia Private Equity Fund

NewsDeskNgJun 2, 2026June 2, 20260

Blackstone raises a record $13.1bn Asia fund as investors seek growth opportunities beyond volatile global markets. Alternative asset manager Blackstone has raised $13.1 billion for its latest Asia-focused private equity fund, surpassing its original target and establishing the largest Asia private equity fund in the firm’s history. The fund, known...

Supreme Court Sets Aside Appeal Court Order Freezing Nestoil, Neconde Oil Assets

NewsDeskNgJun 1, 2026June 1, 20260

Supreme Court overturns Appeal Court ruling that froze assets of Nestoil and Neconde Oil in a major legal victory. The Supreme Court has ruled in favour of Nestoil Limited and Neconde Energy Limited, setting aside a Court of Appeal order that froze the assets of the two oil and gas...

CBN Says Nigeria Spent $2.34 Billion On Food Imports In 2025

NewsDeskNgMay 31, 2026May 31, 20260

CBN says Nigeria spent $2.34 billion on food imports in 2025 despite lower foreign exchange demand. Nigeria spent approximately $2.34 billion on food imports in 2025, according to the latest data released by the CBN. Figures contained in the apex bank’s Quarterly Statistical Bulletin, quoted by Nairametrics on Saturday, showed...

FCTA Warns Hotel, Event Centre Owners Against Use By Illegal Organisations, Threatens Title Revocation

NewsDeskNgMay 29, 2026May 29, 20260

FCTA warns that event centres and hotels used by “illegal groups” risk revocation of property titles immediately. The Federal Capital Territory Administration (FCTA) has issued a strong warning to owners of event centres, hotels and other public facilities in the Federal Capital Territory (FCT), cautioning them against allowing their premises...

AfDB Appoints Keyamo Champion Of $7bn Aviation Programme For Africa

NewsDeskNgMay 27, 2026May 27, 20260

African Development Bank appoints Aviation Minister Festus Keyamo to lead implementation of its $7 billion aviation programme across Africa. The African Development Bank (AfDB) has appointed Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, SAN, as the African Champion for its $7 billion Integrated Aviation Transformation Programme for Africa...

Climate Change Threatens Nigeria’s Industrial Growth, BOI Warns

NewsDeskNgMay 27, 2026May 27, 20260

BOI says worsening climate pressures are eroding manufacturing, agriculture and infrastructure resilience while discouraging long-term investment across Nigeria. The Bank of Industry (BOI) has declared that pressures arising from climate change are “collectively weakening the competitiveness and economic resilience of Nigerian enterprises, particularly across sectors such as manufacturing, agriculture, infrastructure.”...

EIU: Dangote Refinery Boosting Nigeria’s GDP Growth, FX Earnings

NewsDeskNgMay 27, 2026May 27, 20260

Economist Intelligence Unit says Dangote Refinery is reducing fuel imports, boosting Nigeria’s GDP growth and foreign exchange earnings. The Economist Intelligence Unit (EIU) has said the operational ramp-up of the 650,000 barrels-per-day Dangote Petroleum Refinery & Petrochemicals is fundamentally transforming Nigeria’s downstream oil sector, significantly reducing the country’s dependence on...

Bayelsa Enters Commercial Aviation As Diri Boards Pioneer Airlines’ Inaugural Flight As First Passenger

NewsDeskNgMay 25, 2026May 25, 20260

Bayelsa State on Monday formally entered Nigeria’s commercial aviation sector as Governor Douye Diri boarded the inaugural operational flight of Pioneer Airlines, becoming the airline’s symbolic “Passenger 1A.” The non-scheduled Bayelsa State on Monday formally entered Nigeria’s commercial aviation sector as Governor Douye Diri boarded the inaugural operational flight of...