Nigeria’s oil industry may soon experience a major turnaround, as six new offshore projects are expected to boost the country’s crude oil output by about 800,000 barrels per day (bpd). …
Banking, Finance & Investment
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Corporate StrategyDevelopmentEconomyEnergyGovernment PolicyIndustrial DevelopmentInfrastructureINVESTMENTNigeriaOil & Gas
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Mahindra South Africa has taken another big step in its journey in the country with the opening of a new semi-knocked down (SKD) vehicle assembly plant at the Dube TradePort …
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AfricaBankingBanking, Finance & InvestmentCorporate EarningsINVESTMENTMarkets
United Capital Plc Posts N11.89bn Half-Year Profit
United Capital Plc has announced a profit after tax of N11.89bn for the first half of 2025, representing a remarkable 522 per cent increase compared to the same period in …
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Banking, Finance & InvestmentEconomyFinanceKenya
Kenya’s Banking Giants Post Strong Half-Year Results, Boost Investor Confidence
Kenya’s banking sector has delivered a solid set of half-year 2025 results, with leading lenders reporting steady profit growth, generous interim dividends, and continued strategic expansion in high-demand sectors such …
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Banking, Finance & InvestmentBusinessFinancial InclusionFintechInnovationInternational RelationsNigeriaTechnology
FirstBank Champions Inclusion and Digital Innovation at Canada-Africa Fintech Summit
FirstBank of Nigeria has reaffirmed its leadership role in driving financial inclusion and digital innovation by sponsoring the Canada-Africa Fintech Summit (CAFS) 2025. The bank said in a statement on …
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Business and EconomyCommoditiesFinanceGhanaINVESTMENTStock MarketTelecommunications
Ghana Stock Exchange Soars Past GH¢150bn Mark
The Ghana Stock Exchange (GSE) has recorded a historic breakthrough, surpassing GH¢150 billion in total market capitalization for the first time in 2025. The milestone came after a strong five-day …
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The Democratic Republic of Congo (DRC) is set to host its largest-ever private energy investment in the east after U.S.-based Symbion Power LLC pledged $700 million for a 140-megawatt (MW) …
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BusinessHospitalHospitality, Travel & TourismINVESTMENTNigeriaReal EstateTravel & Tourism
Lagos Airport Hotel Begins Full Redevelopment With Opening of Renovated Harold Block
The management of Lagos Airport Hotel in Ikeja, Lagos, has kicked off a major redevelopment of the historic facility with the official reopening of its newly renovated Harold Block. The …
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Debt Management,EconomyFinanceInfrastructureINVESTMENTOil & GasPublic Services
NUPRC Says 220 Unlicensed Oil Blocks Awaiting Bidders
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said that 220 oil blocks across Nigeria are not abandoned but are waiting for new concessionaires to take over through proper licensing …
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BusinessGovernanceINVESTMENTRegulationTelecommunications
NCC Introduces New Governance Rules as Foreign Investment in Telecoms Falls by 58%
The Nigerian Communications Commission (NCC) has announced a new set of governance rules for telecom operators across the country, as the sector battles a sharp drop in foreign direct investment …