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Business

Shell Abandons Major Biofuel Project in Rotterdam

04.09.2025

British oil giant Shell announced on Wednesday that it has abandoned construction of one of Europe’s largest biofuel plants in the Netherlands, as it focuses on its fossil fuel business. Faced with weak market conditions, the company suspended construction of the renewable biofuel factory in Rotterdam last year, which was intended to produce sustainable aviation...

Nigeria Cracks Down on Rogue Digital Lending Practices

04.09.2025

The Federal Competition and Consumer Protection Commission has launched a major crackdown on rogue digital lenders with the introduction of tough new regulations aimed at cleaning up Nigeria’s fast-growing online credit market To also address widespread complaints of harassment, data privacy violations, exploitative lending practices, and anti-competitive behaviour in Nigeria’s fast-growing digital credit market. In...

Nigerian Contractors Protest N4tn Unpaid Projects

04.09.2025

Local contractors under the All Indigenous Contractors Association of Nigeria, on Wednesday, staged a protest at the Headquarters of the Ministry of Finance in Abuja, to demand payment for capital projects executed in 2024, amounting to about N4 trillion. Speaking during the protest, Secretary of the Association, Babatunde Seun, said the contractors had previously met...

Konga Offers Weekly Discounts to Woo Online Shoppers

04.09.2025

Konga, one of Nigeria’s biggest e-commerce platforms, has launched a month-long campaign that offers rotating weekly discounts across major product categories in a bid to attract more online shoppers and deepen digital retail adoption. The initiative, branded ‘All in All, Everything ×2 – Category Month’, runs from September 1 to 31 and provides steep price...

ILO Urges Better Working Conditions in Global Supply Chains

04.09.2025

The International Labour Organisation has urged governments, employers and workers’ groups to adopt a systems approach to tackling poor working conditions in global supply chains, warning that lower-tier suppliers risk being left behind without targeted interventions. In a new policy brief titled ‘From root causes to real change: Using a systems approach to foster decent...

Custom-Built PCs Now Available in Nigeria via Workstations &

04.09.2025

Workstations, a Nigerian firm specialising in custom-built high-performance computers, has launched its first experience centre in Lagos in partnership with global hardware company Micro-Star International. The collaboration marks MSI’s first official entry into Nigeria, with Workstations serving as its exclusive distributor and service partner. The Experience Centre allows professionals and enthusiasts to test PCs, GPUs,...

KEGOZ Denies Unpaid Service Claims by CONOG

03.09.2025

KEGOZ OilSystems Limited has responded to a recent publication (not The PUNCH) released on September 2, 2025, alleging that the company is owed by Continental Oil & Gas Limited. In a press release signed by the Chief Corporate Services Officer, KEGOZ OilSystems Limited, Salome Pettigrew, the company categorically denied the allegations, stating that CONOG has...

Space Engineers to Honor Air Force Chief Aguiyi in 2025

03.09.2025

The Nigerian Institute of Space Engineers has announced its decision to confer the institute’s fellowship award on the Chief of Defence Transformation and Innovation at the Defence Headquarters, Nkem Aguiyi, for his various achievements in his capacity. This was made known in a statement signed by the National President of the association, Engr Babalola Sunday,...

Nigeria to Privatize 91 Federal Assets

03.09.2025

The Director-General of the Bureau of Public Enterprises, Ayodeji Gbeleyi, has disclosed that 91 federal assets would be privatised as part of ongoing efforts to optimise public enterprises, attract investment, and boost efficiency across key sectors of the economy. The DG disclosed this at a media briefing in Abuja on Tuesday. He stressed that the...

Ikoyi Baptist Church Hosts Career Fair, Boosts Businesses

03.09.2025

The Ikoyi Baptist Church’s ninth annual Business and Career Fair, held on August 30-31, 2025, drew thousands of participants from Lagos and beyond. What began as a local initiative has grown into one of Nigeria’s leading platforms for professional development and entrepreneurship, underscoring the role of faith-based organisations in nurturing skills and networks in a...