US oil giant Chevron is treading a delicate path amid escalating tensions between Washington and Caracas as it seeks to maintain its unique status as the only foreign company allowed to exploit Venezuela’s vast oil reserves. The spotlight has returned to Chevron following the US government’s latest sanctions, including a total blockade on Venezuelan oil…
A US federal judge on Tuesday upheld President Donald Trump’s $100,000 fee for processing H-1B visas, warning that it could “inflict significant harm on American businesses and institutions of higher education.” In a 56-page ruling, US District Judge Beryl Howell said the president has “broad statutory authority” to address issues he deems matters of economic…
By Ayomide Otitoju Engr. Bashir Bayo Ojulari, Group Chief Executive Officer of NNPC Ltd., has reiterated the company’s commitment to peace, dialogue, and responsible energy development in Ogoniland, describing the Federal Government’s renewed engagement with the region as a “demonstration of hope” and a “new beginning built on partnership and understanding.” His remarks were made…
By Ayomide Otitoju The Most Influential People of African Descent (MIPAD) has honoured the Managing Director and Chief Executive Officer of Rite Foods Limited, Mr. Seleem Adegunwa, with the Most Influential FMCG Executive of the Year award at the 2025 MIPAD End of Year Dinner and Awards. MIPAD said the recognition was in acknowledgement of…
Italy’s competition authority on Tuesday fined low-cost airline Ryanair over €255 million ($300 million), accusing the carrier of abusing its dominant position to restrict travel agencies’ access to its services. The fine follows a similar move by the antitrust regulator on Monday, when US tech giant Apple was penalized €98 million for alleged market abuse…
By Ayomide Otitoju Oyo State Governor, Seyi Makinde, on Monday signed the state’s ₦892 billion 2026 Appropriation Bill into law, reaffirming his administration’s commitment to a production-driven economic strategy aimed at sustainable growth and reduced dependence on federal allocations. Speaking shortly after the budget signing ceremony at the Executive Chambers of the Governor’s Office, Secretariat,…
By Ayomide Otitoju Consumers paid an average of ₦1,061 per litre for Premium Motor Spirit (PMS), also known as petrol, in November 2025, according to the latest Premium Motor Spirit (Petrol) Price Watch report released by the National Bureau of Statistics (NBS). The report showed that the average price represented a 12.59 per cent decline…
By Ayomide Otitoju Fidelity Bank Plc has reinforced its commitment to community safety and environmental sustainability by donating firefighting and fire-prevention equipment to the Ikoyi Fire Service Station in Lagos. The donation, which includes fire hoses and gasoline-powered water pumps, aims to enhance the station’s emergency response capacity, particularly during the dry season when fire…
By Ayomide Otitoju The African Energy Chamber (AEC) has signed a Memorandum of Understanding (MOU) with (B)energy, developer of the ccCASH initiative, to create a pan-African mechanism for financing clean cooking solutions, a move aimed at making households active participants in Africa’s energy transition. Africa faces a significant energy challenge, with over 200 million households…
