By Ayomide Otitoju Dangote Petroleum Refinery and Petrochemicals has secured $2.5 billion in fresh private equity investment to support the next phase of its expansion and strengthen its position in Africa’s downstream energy sector. The company announced on Thursday that the funds were raised through a private placement involving the issuance of approximately 3.7 trillion…
By Ayomide Otitoju MTN Nigeria has announced the commencement of entries for the eighth edition of the MTN mPulse Spelling Bee, inviting pupils and students aged between 9 and 15 years to participate in the national competition. The competition begins with the Practice Stage, followed by Round One, where participants will compete for a place…
By Ayomide Otitoju French energy giant TotalEnergies has reported a more than twofold increase in second-quarter net profit, driven by rising oil and gas prices amid renewed tensions in the Middle East. The company said in a statement on Thursday that net profit reached $5.4 billion between April and June, compared with $2.7 billion recorded…
By Ayomide Otitoju Operation HADIN KAI (OPHK) has confirmed the killing of Abu Salim al-Barnawi, a senior Boko Haram/ISWAP operative and the terrorist group’s chief photographer and propaganda operative, during a failed attack on a military position in Borno State. The military said Abu Salim was killed alongside members of the ISWAP mobile media team,…
The United States on Wednesday launched fresh military strikes on Iran’s Larak Island in the Strait of Hormuz, intensifying a conflict that has already cost Washington an estimated $37.5 billion and further raising tensions across the Middle East. The latest strike came after President Donald Trump declared that the United States was “not finished” with…
Wildfires continued to spread across parts of Italy, France and Spain on Thursday, forcing thousands of people to evacuate as scorching temperatures and strong winds fuelled the blazes. The fires have claimed the lives of three firefighters as southern Europe experiences another intense heatwave, with temperatures exceeding 40 degrees Celsius in some areas. Scientists have…
South Korean technology giant Samsung has unveiled a new range of slimmer foldable smartphones, with higher price tags driven by rising artificial intelligence-related component costs. The new devices were launched on Wednesday in London as the company seeks to strengthen its leadership in the foldable smartphone market ahead of a possible entry by US rival…
Ayomide Otitoju The Vice Chancellor of the University of Lagos (UNILAG), Professor Folasade Ogunsola, has praised Rite Foods Limited for promoting academic excellence through its Rite Foods National Academic Excellence Awards, describing the initiative as a strategic investment in Nigeria’s future and a recognition of outstanding student achievement. Professor Ogunsola made the remarks on Monday…
By Ayomide Otitoju Lagos State Governor Babajide Sanwo-Olu has called for stronger collaboration among governments, the private sector and development institutions to bridge Africa’s development financing gap and accelerate sustainable economic growth. The governor made the call on Wednesday at the opening of the 2026 Africa Social Impact Summit (ASIS), themed “Financing for Development: Building Resilience and Transforming Emerging…
