NLNG export facility on Monday declared force majeure on its supplies citing disruption by the recent flooding in Delta State did to its feed gas suppliers’ production. Force majeure absolves …
Radarr Africa Business Desk
Radarr Africa Business Desk
The Radarr Africa Business Desk reports daily on companies, markets, banking, energy, technology and policy across Nigeria and Africa. Stories are reviewed and edited by The Radarr Africa Editorial Team in Lagos. Story tips and corrections: business@radarr.africa.
- EconomyNigeriaWestern Africa
Abdul Samuel Rabiu’s BUA Group will cease from furthering the purchase of an expanse of land measuring 50,000 hectares it was invited to procure a decade ago by the Kogi …
- BusinessGlobal NewsSpotlightTechnology
SpaceX loses R362 million per month on Starlink in Ukraine, Elon Musk Says
SpaceX is losing about $20 million (R362.32-million) a month providing its Starlink satellite internet service to Ukraine, Chief Executive Officer Elon Musk said on Twitter. The company isn’t receiving any …
- Global NewsSouthern AfricaTechnology
Apple to launch for iPadOS 16 and MacOS Ventura, announces release date
Apple has announced that it will release iPadOS 16 on Monday, 24 October 2022, adding support for the highly-anticipated Stage Manager feature. According to Engadget, MacOS Ventura will launch on the …
- AgricultureBusinessEconomyMorocco
Morocco is US’ Third Largest Exporter of Table Olive and olive oil in 2022
Morocco exported 19,000 tones of table olives to the United States in the first half of 2022. A recent report from the Office of Economic and Commercial Affairs of the …
- Banking, Finance & InvestmentBusinessEconomyMorocco
Morocco Refused IMF Proposal to Adopt More Flexible Currency Exchange Rate
The International Monetary Fund (IMF) proposed for Morocco to move to the next phase of fiscal reforms aiming to make its national currency’s exchange rate more flexible, but Morocco’s central …
Netflix will start clamping down on customers who share their accounts with people outside their households early next year. The streaming giant announced the plan in its latest quarterly results …
- BusinessMobile Telecommunications Network (MTN)Southern AfricaTelecommunications
MTN partners with energy companies to maintain towers running during load shedding
MTN, Mobile giant has partnered with energy companies in a bid to keep its communication towers running during load shedding, as the country battles ongoing power cuts. Johannesburg head-quartered enterprises, 24Solutions …
- BusinessNigeriaPoliticsWestern Africa
Presidential candidates announces economic plans for Northern Nigeria
Presidential candidates, Peter Obi for the Labour Party and Bola Tinubu, the candidate for the incumbent APC, have both announced plans for Northern Nigeria if they are elected President. Obi promised …
PZ Cussons Nigeria came within a whisker of recording its third and biggest loss in at least nine years in 2021 but found rescue in proceeds from sale of its properties, …