Britain’s annual inflation rate slowed in January, strengthening expectations that the Bank of England could lower interest rates next month, official data showed Wednesday. The Consumer Prices Index fell to 3.0 percent in January from 3.4 percent in December, according to the Office for National Statistics (ONS). Grant Fitzner, chief economist at the ONS, said…
By Ayomide Otitoju TotalEnergies could be forced to scale back oil and gas production if environmental groups succeed in a trial that opened Thursday, which accuses the French energy giant of failing to properly account for environmental risks. The case, filed by several NGOs and the city of Paris, is based on a 2017 French…
Molten glass pours through chutes before being moulded into bottles at the northwest England plant of manufacturer Encirc, where soaring energy costs are piling pressure on Britain’s heavy industry. Oliver Harry, head of corporate affairs at Encirc — which produces more than a third of the UK’s glass bottles — said the company is grappling…
By Ayomide Otitoju NNPC Limited has presented its Safety by Design Award to Orsted at the International Energy Week held in London from February 10 to 12, 2026. The award was presented by Adesua Dozie, General Counsel and Secretary to the NNPC Ltd. Board. Ørsted received the recognition for its Cargo Drone Lifting project, an…
By Ayomide Otitoju President Bola Tinubu has signed a new Executive Order aimed at safeguarding and increasing oil and gas revenues accruing to the Federation Account, while eliminating what the Federal Government described as wasteful deductions and duplicative structures under the Petroleum Industry Act (PIA). In a statement issued by presidential spokesperson Bayo Onanuga, the…
By Ayomide Otitoju Three Crowns Milk has launched its “Get Nourished This Treasured Month” campaign ahead of Ramadan, encouraging Muslim faithful to prioritise healthy nourishment, heart care and family bonding during the fasting period. The brand, produced by FrieslandCampina WAMCO Nigeria Plc, said the campaign features community-focused activities designed to support families and promote shared…
By Ayomide Otitoju Maggi has launched the second season of its annual series, Tales of Ramadan, in Lagos as part of activities to commemorate the Islamic holy month and deepen consumer engagement through storytelling and nationwide promotions. The premiere of Season 2 was attended by social media influencers, Nestlé staff and management, as well as…
By Ayomide Otitoju Oando Plc has applied to Nigerian Exchange Limited for approval to list a rights issue of 4.42 billion new ordinary shares, in a move aimed at raising approximately N220.79 billion in fresh equity capital. In a corporate filing dated February 17, 2026, and signed by the company secretary, Folasade Ibidapo-Obe, Oando disclosed…
By Ayomide Otitoju The Lagos State Government has described the proposed Lagos State Wealth Fund (LSWF) as a strategic blueprint for long-term wealth creation, fiscal stability, and sustainable investment, aimed at securing the prosperity of future generations. Speaking at a harmonisation session for the LSWF Bill at the Four Points by Sheraton, Oniru, Commissioner for…
