Transcorp Hotels Q1 2026 profit up 15% on N22.41bn revenue
Transcorp Hotels Plc has reported a strong start to its 2026 financial year, posting a revenue of N22.41 billion for the first quarter ended March 31, 2026. The figure represents
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Dangote moves to sell 10% refinery stake in Pan-African IPO push
The Dangote Group has unveiled plans to sell a 10 per cent stake in its $20 billion refinery through a Pan-African initial public offering, in what could become one of
Nigeria’s debt rises to ₦159.28trn as borrowing jumps ₦14.6trn in one year
Nigeria’s total public debt climbed to ₦159.28 trillion as of December 2025, reflecting a sharp increase driven by continued government borrowing and currency pressures. Data released by the Debt Management
Nigeria-Morocco $25bn gas pipeline project advances with joint venture
Nigeria and Morocco are preparing to take a major step forward on their ambitious $25 billion gas pipeline project, with plans to sign a key intergovernmental agreement (IGA) in 2026
FG secures £746m to modernize Apapa, Tin Can ports
The federal government has secured £746 million in funding to upgrade key maritime infrastructure at Apapa Port and Tin Can Island Port, in a move aimed at boosting trade efficiency
Dangote refinery’s pricing shift reveals Nigeria’s fuel market vulnerability
Nigeria’s fuel pricing volatility came into sharp focus again as the Dangote Petroleum Refinery reversed a petrol price increase within 24 hours, highlighting how deeply the country remains exposed to
GTCO’s HabariPay profit jumps 155% to N9.7bn
The fintech arm of Guaranty Trust Holding Company, HabariPay, delivered a strong financial performance in 2025, posting a profit after tax of N9.7 billion, a 155 per cent increase from
Nigeria’s growth holds steady despite global shocks, World Bank says
Nigeria’s economic growth outlook for 2026 remains intact despite mounting global pressures triggered by the ongoing Iran conflict and rising energy prices, the World Bank has said. The bank’s Lead
Somalia launches first offshore oil mission with Turkish government
Somalia is set to begin its first-ever offshore oil drilling campaign, marking a significant milestone in its long-delayed ambition to enter the global energy market and tap into potentially vast
Afreximbank underwrites $2.5bn deal to support Dangote refinery expansion
African Export-Import Bank (Afreximbank) has underwritten $2.5 billion in a $4 billion syndicated term loan for Dangote Petroleum Refinery and Petrochemicals FZE, marking one of the largest energy-sector financing deals
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