The Private Infrastructure Development Group (PIDG), through its project development arm, InfraCo, has exited its $26 million preference share investment in InfraCredit Nigeria, posting a strong return despite a tough …
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BUA Foods reports N534.8 billion profit in 2025, revenue hits N1.8 trillion
BUA Foods Plc has posted a pre-tax profit of N534.8 billion for the 2025 financial year, almost double the N284.3 billion recorded in 2024, according to its audited results filed …
The Federal High Court in Abuja has ordered the final seizure and forfeiture of a Bombardier BD-700 Global 6000 aircraft to the Federal Government, following a suit filed by the …
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Zenith Bank gets regulatory approval for full takeover of Paramount Bank
Zenith Bank Plc has secured regulatory approval from the Competition Authority of Kenya (CAK) to acquire 100 per cent of Paramount Bank Limited, marking a major step in the Nigerian …
- AfricaAFRICA NEWSEnergyEnergy Sector
Nigeria Targets 146,000 Daily Crude Production From Chevron-NNPC New Discovery
Nigeria’s drive to ramp up crude oil production received a fresh boost on Monday as the Nigerian National Petroleum Company Limited (NNPCL) confirmed a new oil and gas discovery by …
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Federal Gov’t Raises N501bn Bond, Settles N421.42bn Power Sector Debts
The Federal Government on Tuesday announced the successful completion of its inaugural N501 billion bond issuance aimed at settling long-standing debts in the power sector, in a move expected to …
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Nigeria, Türkiye target $5bn trade volume, sign agreements on defence, others
Nigeria and Türkiye have set an ambitious target to grow bilateral trade to $5 billion as both nations signed nine key agreements covering defence, trade, education and social development. The …
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FCMB-TLG private debt fund N20bn series 2 offer opens for investment
FCMB Asset Management Limited (FCMBAM) has announced plans to open the FCMB–TLG Private Debt Fund Series 2, targeting up to N20 billion from investors, following the receipt of all required …
Nigeria’s fast-growing digital economy is facing a major threat from a deepening shortage of skilled technology professionals, with industry experts warning that as much as $11 billion in annual sector …
Chief executives of insurance companies across the globe are set to ramp up investments in artificial intelligence (AI), with many expecting faster returns on the technology, a new report by …