A new survey by PwC Nigeria has revealed rising confidence among business leaders, with 91 per cent of Chief Executive Officers (CEOs) expressing optimism that Nigeria’s economy will improve in …
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AfricaAFRICA NEWSBusiness Policies
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AfricaAFRICA NEWSEnergyEnergy SectorOil & Gas
Shell Begins Turnaround Maintenance on Bonga FPSO, Output to Be Impacted
Shell Nigeria Exploration and Production Company Limited (SNEPCo) has commenced a major turnaround maintenance programme on the Bonga Floating Production Storage and Offloading (FPSO) vessel, a development expected to temporarily …
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AfricaAFRICA NEWSEnergyEnergy SectorOil & Gas
NNPC Raises Petrol Price Again, Now N53 Above Dangote Partners’ Rate
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has again increased the pump price of Premium Motor Spirit (PMS), marking the second adjustment within 48 hours and deepening concerns over …
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AfricaAFRICA NEWSEnergyEnergy SectorOil & Gas
Manufacturers’ energy, raw materials cost surges 21% to N1.01tn
Eight major manufacturing companies in Nigeria spent a combined N1.01 trillion on energy and raw materials in the nine months ended September 30, 2025, representing a 21.1 per cent increase …
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The Federal Airports Authority of Nigeria, FAAN, will begin the implementation of new air cargo tariffs from February 2, 2026, bringing to an end almost 20 years without an upward …
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AfricaAFRICA NEWSBusiness PoliciesNews
PIDG exits InfraCredit Nigeria signalling market confidence in domestic credit enhancement
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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AFRICA NEWSBusiness Policies
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 …
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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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AfricaAFRICA NEWSBusiness Policies
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 …
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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 …