President Bola Tinubu has dissolved the board of the Nigerian National Petroleum Company (NNPC), including Group Chief Executive Officer Mele Kyari and board chairperson Pius Akinyelure. In a statement by …
Western Africa
- Business and EconomyEnergyGOVERNMENTLeadershipNigeriaWestern Africa
- Business and EconomyFinance & ServicesGOVERNMENTINVESTMENTNigeriaWestern Africa
NSIA Boosts Net Assets to N4.35 Trillion in 2024
The Nigeria Sovereign Investment Authority (NSIA) has recorded significant growth in its net assets for the 2024 financial year, nearly doubling despite global economic uncertainties. In a statement signed by …
- AviationDevelopmentEconomyGOVERNMENTInfrastructureNigeriaWestern Africa
Abia Airport Project to Employ Local Workers—Craneburg
CRANEBURG Construction Company, the consultants for the Abia airport project, has assured that skilled and unskilled workers from the host community, Nsulu in Isialangwa North Local Government Area, will be …
- Business and EconomyFinance & ServicesWestern Africa
DealMakers AFRICA Recognizes Top Mergers, Acquisitions, and Dealmakers in West Africa
West Africa’s most significant mergers and acquisitions, along with the financial and legal advisers behind them, have been recognised in the recently released 2024 DealMakers AFRICA Annual Awards. The awards …
- Banking, Finance & InvestmentEconomyNigeriaWestern Africa
GTCO Records 107.8% Profit Growth, Hits N1.26 Trillion in 2024
Guaranty Trust Holding Company Plc (GTCO) has announced an impressive 107.8% growth in profit before tax, reaching N1.266 trillion for the financial year ended December 31, 2024. This marks a …
- Business and EconomyINVESTMENTManufacturingNigeriaWestern Africa
Multinationals’ Exit from Nigeria Creates Opportunity for Local Detergent Manufacturers
The exit of several multinational detergent companies from the Nigerian market has opened up a new opportunity for local manufacturers to meet the growing demand for premium detergents. The gap …
- BusinessEnergyFinance & ServicesInsuranceINVESTMENTNigeriaWestern Africa
AfrexInsure Partners with Oando to Strengthen Investment Protection
AfrexInsure, the speciality insurance subsidiary of the African Export-Import Bank (Afreximbank), has onboarded Oando Plc as a strategic partner to protect the bank’s investment in Oando’s operations in Nigeria through …
- BusinessEntrepreneurshipFinance & ServicesNigeriaWestern Africa
STL Trustees Empowers Women Entrepreneurs with N3m Grants
Leading trust company STL Trustees has awarded a total of N3m in grants to 30 women-led businesses through its newly launched STL FundHer initiative. According to a statement from the …
- BusinessFinance & ServicesInsuranceNigeriaWestern Africa
IEI, Mutual Benefits Delay Filing of 2024 Annual Reports
International Energy Insurance Plc (IEI) and Mutual Benefits Assurance Plc have announced delays in filing their audited financial statements for the 2024 financial year. The companies disclosed this in separate …
- BusinessFinance & ServicesInnovationNigeriaTechnologyTransportation & LogisiticsWestern Africa
Carviva’s Platform Hits $1M in Transaction Value
Auto-Tech company Carviva has announced the achievement of $1m in fuel token transaction value over a two-year trial period on its Fuel Wallet platform. According to a statement from the …