By Ayomide Otitoju TotalEnergies has signed four Production Sharing Contracts (PSCs) for exploration blocks in Liberia, marking a major step in the country’s push to unlock its offshore oil and gas potential. The agreements, concluded under Liberia’s 2024 Direct Negotiation Licensing Round, cover Blocks LB-6, LB-11, LB-17 and LB-29 in the southern Liberia Basin. The…
By Ayomide otitoju The Board of Directors of CANEX Creations Incorporated (CCInc), a subsidiary of the Fund for Export Development in Africa (FEDA), has appointed Mr. Osahon Akpata as Chief Executive Officer. The announcement was made during a board meeting held on the sidelines of the Intra-African Trade Fair (IATF2025) in Algiers, Algeria, from 4…
By Ayomide otitoju The Nigeria Mining Week conference and exhibition is set to return to Abuja from 13 to 15 October, celebrating a decade of growth while spotlighting the country’s mining potential. Organisers announced that this year’s edition, which marks the 10th anniversary of the event, will run under the theme “Nigeria Mining: From Progress…
By Ayomide Otitoju The African Development Bank Group (AfDB) has been named the new host of the Secretariat of the Africa Natural Capital Accounting Community of Practice (Africa NCA-CoP), reinforcing its leadership in integrating natural capital into climate-resilient development strategies across the continent. The Secretariat, previously hosted by the World Bank, will now be based…
By Ayomide Otitoju KCB Group and the African Export-Import Bank (Afreximbank) have signed a Memorandum of Understanding (MoU) to provide a combined $800 million in financial and trade facilitation support for investors in the Vipingo Special Economic Zone (SEZ) in Kilifi County. Under the agreement, Afreximbank will extend $500 million while KCB Group will contribute…
By Ayomide Otitoju During the 66th Annual Conference of the Nigerian Economic Society (NES) in Abuja, African economists and development leaders emphasized the urgent need for sweeping governance reforms, enhanced domestic resource mobilization, and innovative partnerships to promote economic transformation in the continent’s transition states. The call to action was made at a high-level Policy…
By Ayomide Otitoju In a landmark address, Lagos State Governor Babajide Sanwo-Olu delivered the inaugural Distinguished Lecture Series at the Nigerian Institute of International Affairs (NIIA) in Victoria Island, emphasizing the critical role of the nation’s youth in shaping Nigeria’s global influence. The lecture, themed “Lagos and Nigeria 2030: Projections of a World Power,” highlighted…
By Ayomide Otitoju Turan Bank, a prominent entity in Azerbaijan’s banking industry known for its robust international collaborations, has officially signed a financing agreement with the Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank (IsDB) Group. The agreement outlines a USD 15 million Line…
By Ayomide Otitoju The Security Adviser to Kogi State Governor Usman Ododo, Jerry Omodara, has raised concerns over the alleged involvement of some Okun indigenes in aiding bandit activities in the state. In a statement, Omodara claimed that at least seven youths in Okun land are on the payroll of bandits, while some women are…
