Scotch whiskey brand Chivas Regal has unveiled its latest campaign, ‘I Rise, We Rise,’ to celebrate the power of collaboration and creativity. The campaign features prominent Nigerian singer and songwriter Daniel Benson, popularly known as BNXN, acclaimed music video director ThankGod Omori, and creative entrepreneur Sore Adebisi. Michael Ehindero, Managing Director for Pernod Ricard Nigeria,…
The Central Bank of Nigeria (CBN) has announced that it will sell $20,000 to each Bureau De Change (BDC) at a rate of N1,450 per dollar. This rate is based on the lowest trading rate from the previous day. Aliyu Mahdi, the Acting Director of Trade and Exchange at the CBN, explained that the bank…
In a landmark event at a New York auction, the largest stegosaurus skeleton ever discovered has fetched a staggering $44.6 million, setting a new record in the field of paleontology. Dubbed “Apex,” this 150-million-year-old skeleton stands 11 feet tall and spans 27 feet in length, captivating bidders worldwide. Sotheby’s, the auction house overseeing the sale,…
In a statement on Wednesday, Dangote Industries Limited highlighted challenges in securing crude oil for its refinery, alleging that International Oil Companies (IOCs) insist on selling through their foreign agents. This practice, the company argues, inflates local crude prices because trading arms offer cargoes at a $2 to $4 per barrel premium above the official…
By Ayomide Otitoju In the past week, no fewer than 221 cases of oil theft were uncovered across various communities in the Niger Delta region, the Nigerian National Petroleum Company (NNPC) has reported. According to the NNPC, incidents including illegal refineries, unauthorized connections, and pipeline vandalism were recorded between July 6 and 12. These incidents…
By Ayomide Otitoju Energy analysts have asserted that the Nigerian National Petroleum Company Limited (NNPC) can obtain loans without the Federal Government’s approval. Amidst criticism over NNPC’s plan to secure a $20 billion oil-backed loan from undisclosed sources, Professor Emeritus and oil and gas expert, Wumi Iledare, clarified that NNPC operates as a private company….
By Ayomide Otitoju Brentex CPP Limited, one of the contractors for the Ajaokuta–Kaduna–Kano (AKK) Gas Pipeline Project, has refuted reports attributing the project’s delay to the Nigerian National Petroleum Company Limited (NNPC). The company affirmed that it had received substantial support from NNPC in delivering its segment of the AKK Gas Pipeline Project. Brentex clarified…
Lasaco Assurance Plc, in partnership with Mutual Benefits Assurance Plc, NEM Insurance Plc, and Sovereign Trust Insurance Plc, has provided protective gear for sweepers working with the Lagos Waste Management Authority (LAWMA). According to a statement from Lasaco on Tuesday, this initiative aims to ensure the safety and visibility of the sweepers. The protective gear…
By Ayomide Otitoju Ecobank Nigeria, a subsidiary of the Ecobank Group, is set to host a virtual SME Conference focusing on solar energy as an alternative power source for businesses in Nigeria. This conference, part of the Bank’s MySME Growth Series, is scheduled for Tuesday, July 23, at 10 am and will be facilitated by…
