Business
NNPC CEO Denies Fuel Importation Claims and Quality Issues

The Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC), Mele Kyari, has dismissed claims that the company imported 200 million litres of Premium Motor Spirit (PMS) in late February 2025.
Speaking at the 60th Nigeria Mining and Geosciences Society (NMGS) Conference in Abuja, Kyari clarified that NNPC has not imported a single litre of petrol since the start of the year.
He also addressed concerns over fuel quality, calling the allegations baseless and misleading. “The talk around fuel quality is unfortunate and just bad marketing. It’s all drama and entertainment. Regulatory agencies are doing their jobs, and none have reported substandard products in the country,” he said.
Kyari warned that spreading false information about fuel imports and quality could harm not just NNPC but the country’s reputation as a whole. He emphasized that while frustrations may exist, misinformation should not be used as a business tactic.
Addressing a viral video comparing NNPC’s fuel to Dangote’s, Kyari dismissed it as another example of misleading marketing. He reassured Nigerians that NNPC remains committed to maintaining fuel quality and transparency in its operations.
Business
Skype Finally Shuts Down After 22 Years of Connecting People Online

Skype, once a go-to platform for video and voice calls, is officially shutting down today, May 5, marking the end of its 22-year journey connecting people around the globe. The app was one of the first to revolutionize online communication, offering free calls over the internet long before it became common.
During its prime in the mid-2010s, Skype boasted over 300 million active users each month. Microsoft bought Skype in 2011 for a massive $8.5 billion, planning to make it a key part of its communication tools. However, as newer apps like WhatsApp, Zoom, and even Microsoft’s own Teams grew in popularity, Skype slowly lost its place.
In February, Microsoft announced it would officially shut down Skype on May 5 to focus more on Teams, which now handles most of its communication services. This move affects both free and paid users, although Skype for Business will stick around for a little longer.
Business
United Bank Of Africa, UBA, Delivers 23% Total Dividend for 2024, CEO Promises More to Come

United Bank of Africa, UBA, pays 171 Billion in total to its shareholders for the 79 percent increase for 2024.
This information was revealed during the 63rd Annual General held on the 25th of April, 2025. The UBA shareholders approved of the 3 naira dividend share, which will com bine with 2 naira interim dividend and will represent a 23 percent total dividend for 2024 in total.
It can be noted that UBA now has the highest Nigerian stocks and the CEO, Oliver Alawuba has assured the shareholders of the dividends that will be paid.”What we can assure our shareholders today is that UBA will continue to pay more dividends.”
Business
Nigerians Cry Out as CBEX Investment Platform Collapses, EFCC Steps In To Investigate

It has been reported that Economic and Financial Crimes Commission (EFCC), prepares to look into the recent crash of the popular investment platform, CBEX.
It can be recalled that investment platform, CBEX, recently crashed and caused worry for many users. The public to social media to lament about the crash of the platform and cries out due to their losses.
Popular Nigerian blogger, Innocent Tino shares that he will partner with EFCC for a joint investigation of the downfall of CBEX. It was also shared that a total of #1.3 trillion funds have been lost due to the crash.
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