Renaissance Capital, a prominent investment firm, has finalized the acquisition of Royal Dutch Shell’s onshore oil and gas assets in Nigeria. The deal, valued at approximately $500 million, includes several
The Abia State Government has entered into a strategic partnership with ipNX, a leading Nigerian ICT company, to improve internet connectivity across the state. This collaboration aims to bolster digital
The Federal Government of Nigeria has commenced negotiations with foreign airlines operating in the country to address the escalating cost of air travel. In recent months, passengers have expressed concerns
The Nigerian National Petroleum Corporation (NNPC) has reported that recent reforms in the oil sector have attracted $17 billion in new investments. These reforms aim to increase transparency, efficiency, and
In a recent legal development, the Federal High Court has dismissed a substantial lawsuit filed by a group of ginger farmers seeking ₦374 billion in damages from Keystone Bank. The
United Bank for Africa (UBA) is set to celebrate International Women’s Day (IWD) 2025 by hosting a special edition of its Business Series, focusing on women’s empowerment and financial inclusion.
The African Development Bank (AfDB) and the International Institute of Tropical Agriculture (IITA) have entered into a €5 million agreement aimed at enhancing agricultural productivity across Africa. This collaboration seeks
In a strategic move to bolster Nigeria’s port infrastructure, the Stanbic IBTC Infrastructure Fund has entered into a partnership with SIFAX Group to support the expansion of the Ijora Inland
Wema Bank’s Managing Director and Chief Executive Officer, Moruf Oseni, has reiterated the bank’s dedication to promoting women’s empowerment, gender inclusion, and equality. Speaking at the bank’s International Women’s Day
Dangote Petroleum Refinery is set to incur a loss of approximately ₦16 billion due to a recent reduction in petrol prices. The refinery had previously lowered its ex-depot price of
