The Major Energies Marketers Association of Nigeria, MEMAN, has announced a new plan to support Nigeria’s energy goals through cleaner, safer and more inclusive practices in the petroleum sector. Formerly …
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- BusinessEconomyEnergyOil & GasPolitics
Nigeria Loses N121bn Daily to Oil Theft Despite $16bn Petroleum Investment – Reps
The Deputy Speaker of the House of Representatives, Benjamin Kalu, has said that Nigeria’s petroleum sector has attracted about $16 billion in investment since the signing of the Petroleum Industry …
- Banking, Finance & InvestmentBusinessEconomy
Nigerian Stock Market Crosses N80trn Mark as Mid-Low Cap Stocks Drive Gains
The Nigerian stock market crossed a major milestone, as the market capitalization hit a new high of N80.144 trillion, showing strong investor confidence, especially in mid- and low-cap stocks. This …
- BusinessEconomyEnergyInfrastructure
Dangote Seeks Approval to Build Nigeria’s Deepest Seaport in Ogun
Africa’s richest man, Alhaji Aliko Dangote, has applied to the Nigerian government to begin construction of a new Atlantic seaport in Olokola, Ogun State. The proposed port is expected to …
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Wema Bank, SheCan to Empower 7,000 Women with ₦2m Business Grant at Lagos Event
Nigeria’s leading digital bank, Wema Bank, has again shown its strong support for women entrepreneurs by partnering with the SheCan Conference for the fifth year in a row. The bank …
- BusinessEnergyEnvironmentInfrastructure
Ana Hajduka to Showcase Africa GreenCo’s Energy Innovations at AEW 2025
Ana Hajduka, the Founder and Chief Executive Officer of Africa GreenCo, will be among the top speakers at the African Energy Week (AEW): Invest in African Energies 2025 conference, taking …
- Banking, Finance & InvestmentBusinessBusiness InsightsEconomy
Ecobank Repays Half of $300m Eurobond Early, Shows Strong Financial Resilience
Ecobank Nigeria has proven its financial strength and improved liquidity position by repaying 50% of its $300 million Eurobond nearly seven months ahead of the scheduled maturity in February 2026. …
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South Africa Risks $2.3bn Loss as US Tariffs Threaten Key Exports
South Africa is staring at a potential economic setback as new United States tariffs could see exports to the US fall by as much as $2.3 billion annually. This is …
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Zimbabwe Diamond Firm Sacks 400 Workers as Global Gem Prices Crash
Zimbabwe Consolidated Diamond Company (ZCDC), the country’s largest diamond mining firm, has announced it is laying off 400 workers due to a global slump in the market for natural diamonds. …
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Digital Music Distributor Now processes Naira Transactions, pays royalties in Naira – More African Currencies to Follow
VerseOne Distribution is excited to bring to public knowledge that artists on the platform can now receive their music royalties in Nigerian Naira, and can also pay for add-on services …