By Ayomide Otitoju TotalEnergies announced on Monday that it will sell a 40 percent stake in two offshore exploration licenses in Nigeria to Chevron, in a move aimed at strengthening collaboration between the French and U.S. energy giants. “This new joint venture aims at derisking and developing new opportunities in Nigeria … to unlock new…
By Ayomide Otitoju Nigeria’s economy expanded by 3.98 percent year-on-year in real terms in the third quarter of 2025, the National Bureau of Statistics (NBS) reported on Monday. The growth surpasses the 3.86 percent recorded in the same period in 2024. According to the NBS, the agriculture sector grew by 3.79 percent, up from 2.55…
By Ayomide Otitoju The abducted traditional ruler of Bayagan in Ifelodun Local Government Area of Kwara State, Alhaji Kamilu Salami, popularly known as Ojibara, has escaped captivity along with six other abductees, sources from the community have confirmed. According to residents, the escape followed a fierce attack on the bandits by vigilante groups who launched…
By Ayomide Otitoju Justice Chizoba Orji of the Federal Capital Territory High Court, Maitama, has granted the Federal Government’s request to adjourn the criminal defamation case against Senator Natasha Akpoti-Uduaghan to February 23, 2026. The case, filed by the Office of the Attorney General of the Federation (AGF), relates to allegations that Senate President Godswill…
By Ayomide Otitoju Africa Finance Corporation (AFC), one of the continent’s leading infrastructure solutions providers, has closed a landmark US$524 million equivalent dual-currency Samurai term-loan facility, marking its largest Samurai transaction to date. The three-year syndicated loan — comprising US$505 million and JPY 3 billion — was significantly oversubscribed, reflecting strong appetite from Japanese lenders…
By Ayomide Otitoju Africa Data Centres, a subsidiary of Cassava Technologies and a leading provider of carrier-neutral data centre infrastructure, has entered a strategic partnership with CSSi SA, a major cloud and virtual machine provider and one of Africa’s largest distributors of data storage, servers and data-centre hardware. The collaboration will see CSSi SA deploy…
By Ayomide Otitoju Anambra State’s 2026 budget has delivered its strongest signal yet of a strategic shift toward industrialisation, with a 26.7% year-on-year increase in the Economic Sector allocation under Governor Chukwuma Charles Soludo’s ₦757.9 billion “Changing Gears 3.0” spending plan. The expanded vote marks what officials describe as a transition from years of groundwork—spanning…
By Ayomide Otitoju Rite Foods Limited has strengthened its reputation as a leader in Nigeria’s food and beverage sector after securing four major honours at the 2025 Social Impact and Sustainability Awards (SISA) and The SERAS Africa Sustainability Awards. At the SISA Awards, the company won Best Health-Focused CSR Programme of the Year, Education Empowerment…
By Ayomide Otitoju Scotland London Africa Week 2025 has wrapped up with delegates praising the programme as “energising, insightful and productive,” following a series of high-level engagements aimed at strengthening ties between Scotland, London and key African markets. The week opened at Old Admiralty House with a strategic briefing led by the Department for Business…
