Four companies involved in the importation of Premium Motor Spirit (PMS), known as petrol, yesterday said they did not test for methanol. They said the specifications were given to them by the Standards Organisation of Nigeria (SON) and did not include testing for the substance. The consortium of Emadab/Hyde/AY MaikifiContinue Reading

The Concerned Citizens (CC) and the Concerned Peoples Democratic Party League (CPDPL) has called on Mele Kyari, Group Managing Director (GMD) of the Nigeria National Petroleum Cooperation (NNPC), Yusuf Usman, Chief Operating Officer (COO) in charge of Gas and Power, Tombomieye Adokiye, Chief Operating Officer (COO) in charge of Upstream, MustaphaContinue Reading

Facebook CEO Mark Zuckerberg announced the social media giant will change the name of its holding company to Meta, in a rebrand that comes as the company faces a series of public relations crises. Zuckerberg revealed the new name at Facebook’s annual AR/VR conference on Thursday, where he outlined the company’s virtual-realityContinue Reading

Ngozi Okonjo-Iweala, director-general of the World Trade Organization (WTO), says Nigeria’s trade cost is too high and needs to be cut down to facilitate local and international investment. Okonjo-Iweala stated this via a video link on the second day of the midterm ministerial performance review at the presidential villa, Abuja.Continue Reading

Uche Uwaleke, a professor and financial expert, says the devaluation of the naira will worsen poverty and unemployment in Nigeria. Uwaleke made the comment in reaction to Vice President Yemi Osinbajo’s call on the Central Bank of Nigeria (CBN) to allow the naira reflect the realities of the market. On Monday, atContinue Reading