Business

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

IDNN
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

IDNN
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....

Dangote Refinery Faces Backlash over Pricing, Monopoly Concerns from Marketers

IDNN
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....

Dangote Vows to Crash Cooking Gas Prices, Marketers Cry Foul Over Monopoly Threat

IDNN
As Dangote ramps up LPG production, he vows to slash cooking gas prices and bypass distributors if they resist, prompting fierce backlash from industry stakeholders who fear a market monopoly....

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