Business Archives - Independent Digital News Network

NBA, Civil Groups Blast Ibom Air Over Passenger Assault, Lifetime Ban

A national uproar has erupted after viral footage showed Comfort Emmanson partially stripped and dragged off an Ibom Air flight. The Nigerian Bar Association, civil society groups, and political leaders have condemned the airline’s conduct, calling the treatment “inhumane” and the lifetime flight ban “illegal.” The case has reignited debate over selective justice in aviation.

Ibom Air Bans Violent Passenger for Life as Court Remands Her in Kirikiri Amid Double Standards Storm

IDNN1 week ago1 week ago0

Ibom Air has banned passenger Comfort Bob for life after she assaulted crew members, sparking chaos at Lagos airport. Remanded in Kirikiri prison, she faces a five-count charge. Outrage grows over perceived double standards, as Peter Obi and activists compare her treatment to musician K1 De Ultimate’s ValueJet incident.

K1 De Ultimate Faces FAAN Probe After Airport Alcohol Incident Delays Flight

IDNN2 weeks ago0

Fuji icon Wasiu Ayinde Marshal, aka K1 De Ultimate, is under investigation after reportedly attempting to carry alcohol onto a ValueJet flight and clashing with aviation security. The altercation triggered a safety probe by FAAN and led to NCAA suspending two pilots.

EFCC Sounds Alarm: Nigeria’s Real Estate Sector Now Hotbed for Money Laundering

IDNN2 weeks ago0

The Economic and Financial Crimes Commission (EFCC) has zeroed in on Nigeria’s booming real estate sector, warning that developers risk becoming conduits for illicit funds if they continue to ignore basic due diligence. Chairman Ola Olukoyede says the days of blind deals are over.

Adelabu: Nigeria Will Achieve Uninterrupted Electricity Supply by 2027 — TCN Needs ₦2.7trn for 149 Projects

IDNN2 weeks ago0

Minister of Power Bayo Adelabu says Nigeria will have uninterrupted electricity by 2027, but ₦2.7trn is needed to complete key transmission projects.

🏭 Dangote Refinery Secures $4bn Refinancing Deal — Afreximbank Leads With $1.35bn

IDNN2 weeks ago0

Dangote Industries has secured a $4bn refinancing deal for its refinery, led by Afreximbank’s $1.35bn facility, to strengthen operations and balance sheet.

Ojulari vs EFCC/DSS: Power Play at the Top of NNPCL

IDNN3 weeks ago3 weeks ago0

A storm of allegations, whistleblower petitions, and public protests has engulfed NNPCL Group CEO Bayo Ojulari, following EFCC scrutiny and DSS denials of a forced resignation plot.

Dangote Refinery Faces Backlash over Pricing, Monopoly Concerns from Marketers

IDNN4 weeks ago0

Tensions are rising in Nigeria’s downstream oil sector as independent marketers and stakeholders accuse the Dangote Refinery of restrictive pricing, port cost challenges, and monopolistic practices. Despite being Africa’s largest refinery, marketers say it’s currently cheaper to import from Lomé than load domestically. Industry groups are calling for regulatory intervention and open-market reforms.

Shettima Defends Tinubu’s Bold Reforms, Says Fuel Subsidy Removal Was “For Greater Good”

IDNN4 weeks ago0

Vice President Shettima has declared that Tinubu’s removal of fuel subsidy was a courageous act to defeat entrenched oil interests and reset Nigeria’s economy on the path of recovery.

Nigeria’s Debt Ratio ‘Improves’ to 39.4% — But Don’t Celebrate Yet

IDNN4 weeks ago0

NBS rebases GDP, trims Nigeria’s debt-to-GDP to 39.4%, but analysts warn the real burden of debt hasn’t moved an inch.