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 …
Africa
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AfricaAFRICA NEWSEnergyEnergy SectorOil & Gas
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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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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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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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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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AfricaEducationNewsPress Releases
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 …
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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 …