Business
Lidl Owner Schwarz Group Plans $6.5 Billion Data Centre in Northern Germany BY 2033
Germany’s Schwarz Group, the owner of Lidl, is planning to invest up to €5.6 billion ($6.5 billion) in a major data centre in...
Delta Cancels Lagos Atlanta Flights Twice, Leaving Passengers Stranded
By Benson Daniel Passengers travelling from Lagos to Atlanta in the United States have been left stranded and facing major disruptions after Delta...
NPA Clears Abandoned NDPHC Power Equipment From Nigerian Ports
By Benson Daniel The Nigerian Ports Authority has cleared power equipment belonging to the Niger Delta Power Holding Company from the country’s ports...
Lagos Blames Regulators for Continued Unmetered Electricity Consumers
By Benson Daniel The Lagos State Government has raised concerns over the continued presence of unmetered electricity consumers across the state, blaming regulatory...
FG Targets 8,000MW Electricity Delivery as Power Sector Reforms Intensify
By Benson Daniel The Federal Government has set a target of delivering 8,000 megawatts of electricity through Nigeria’s power grid by the end...
Regulatory Uncertainty Could Undermine Oil Investments, NMDPRA Chief Warns
By Benson Daniel The Nigerian Midstream and Downstream Petroleum Regulatory Authority has warned that uncertainty in the regulatory environment could undermine investment in...
Power Company Recovers Billions of Naira in Equipment From Nigerian Ports
By Benson Daniel A power sector company has recovered equipment worth billions of naira that had remained stranded at Nigerian ports, a development...
Illicit Alcohol Trade Threatens Investment, Jobs and Government Revenue
By Benson Daniel Nigeria’s illicit alcohol trade is increasingly threatening legitimate investments, formal employment and government revenue, as counterfeit, smuggled and illegally produced...
