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 …
AfricaAFRICA NEWSEnergyEnergy SectorOil & Gas
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Africa
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 …
By a strategic boardroom move seen as strengthening investor confidence, Africa’s foremost industrialist, Aliko Dangote, has appointed Zimbabwean business leader and MTN Group President/CEO, Ralph Mupita, to the board of …
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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 …
- AfricaBusiness PoliciesNews
Moniepoint processes N412trn Transactions, Deepens Grip on Retail Payments
Nigerian fintech giant, Moniepoint, has processed transactions valued at N412 trillion in 2025, further cementing its dominance in the country’s retail payments space. The company also disclosed that it disbursed …
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Dr. Ayoola Oduntan Donates 2,000 Capacity Model Broiler Poultry Pen Complex to Ahmadu Bello University, Zaria
In a significant contribution to veterinary education, youth empowerment, and sustainable livestock development in Nigeria, Dr. Ayoola Oduntan, Group Managing Director of Amo Group, a leading agribusiness and integrated animal …
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 …
- AfricaAFRICA NEWSEconomyNewsNigeria
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 …