Airlines Say Fuel Costs Now Higher Than Revenue, Threaten Halt

Lagos, Nigeria Nigerian airlines have warned they may suspend all flight operations from April 20 if the rising cost of jet fuel is not addressed, raising fresh concerns about disruption in the country’s aviation sector. The warning was issued in Lagos on April 16 by the Airline Operators of Nigeria (AON), who accused fuel marketers […]

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Airtime Borrowing Disrupted as MTN Complies with New Lending Regulations

Lagos Millions of Nigerians who rely on borrowed airtime and data are facing disruption after MTN Nigeria announced the suspension of its Xtratime service. The decision, disclosed on Thursday, follows new regulations introduced by the Federal Competition and Consumer Protection Commission (FCCPC) requiring stricter licensing and compliance for digital lending services. MTN said the temporary

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IMF Chief Urges Caution as Energy Prices Surge Globally

Washington DC, United States The head of the International Monetary Fund (IMF), Kristalina Georgieva, has warned that the global economy is facing a major shock triggered by the ongoing Middle East conflict, with rising energy prices expected to affect countries worldwide. Speaking in Washington DC during the IMF’s spring meetings, Georgieva said the disruption in

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Malema Sentenced to Five Years, Political Fallout Looms

Johannesburg — , leader of the (EFF), has been sentenced to five years in prison, in a ruling that is expected to have significant political repercussions. The sentencing marks a major development for one of South Africa’s most prominent opposition figures, known for his strong stance on economic redistribution and land reform. While full details

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Tinubu Approves ₦3.3 Trillion Power Sector Debt Settlement — But GenCos Say the Real Figure Is Twice That

The Federal Government announced a ₦3.3 trillion settlement plan for a decade of power sector arrears on Sunday, with 15 generation companies already signed on and ₦223 billion disbursed. But the Association of Power Generation Companies insists the actual debt stands at over ₦6 trillion — raising fundamental questions about who verified the figures, and

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Seplat Workers Begin Indefinite Strike, Raising Risks to Nigeria’s Oil Output

Lagos — Workers at have embarked on an indefinite strike, introducing fresh uncertainty into Nigeria’s oil production outlook at a moment when global prices are rising and the country is under pressure to maximise output. The industrial action, which commenced on Friday, affects one of Nigeria’s most important independent producers, with operations concentrated in key

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