By Ayomide Otitoju Aberdeen’s role as a strategic base for companies operating beyond the North Sea was underscored yesterday as Altera Infrastructure detailed how its UK capabilities are supporting major offshore developments in Africa. Speaking at the Wider African Energy Summit, hosted in partnership with the African Energy Chamber, Stig Bøtker, Altera’s Director of Business…
By Ayomide Otitoju Pakistan will receive a $330 million loan from the Asian Development Bank (ADB) to modernize its energy grid and deliver hydropower to major cities, the bank announced Thursday. The South Asian nation of 250 million faces chronic power outages, rising electricity costs, and a growing circular debt in the power sector, which…
By Ayomide Otitoju Texas Attorney General Ken Paxton on Wednesday announced a $41.5 million settlement with pharmaceutical giants Pfizer and Tris Pharma over allegations that the companies adulterated an ADHD medication and defrauded the state’s Medicaid program. The agreement resolves a 2023 lawsuit accusing the companies of manipulating quality control tests for Quillivant XR, a…
ByAyomide Otitoju Algeria has officially designated the African Development Bank (AfDB) as its international partner in the country’s renewed approach to external financing, marking a significant milestone in the ongoing partnership between the two institutions. During his official visit to Algeria on 16–17 November, AfDB President Dr Sidi Ould Tah expressed gratitude to President Abdelmadjid…
By Ayomide Otitoju The African Development Bank (AfDB) on Tuesday kicked off a series of high-level meetings with African development finance institutions and private sector partners to design a New African Financial Architecture, aimed at bridging the continent’s development financing gap. Convened at the AfDB headquarters in Abidjan, over 50 representatives from regional and continental…
By Ayomide Otitoju TotalEnergies’ Senegalese subsidiary, TotalEnergies Senegal, will be represented at the MSGBC Oil, Gas & Power 2025 conference and exhibition by Managing Director and Country Chair Badara Mbacké. Scheduled for December 8–10 in Dakar, the event will convene key stakeholders from the MSGBC region’s oil, gas, and power sectors to discuss investment, exploration,…
By ayomide Otitoju As Europe seeks alternatives to Russian gas, the Invest in African Energy (IAE) 2026 Forum in Paris will feature a Ministerial Dialogue titled “Unlocking Africa’s Gas Supply for Global Energy Security”, focusing on how Africa can leverage its untapped gas reserves to meet rising global demand. The session will explore strategies for…
By Ayomide Otitoju Access Bank Plc, Nigeria’s largest retail bank, has announced plans to launch DettyFusion, a one-stop digital platform designed to help Nigerians at home and abroad discover, plan, and enjoy top events during the Christmas and New Year festive season. Described as a first-of-its-kind entertainment hub, DettyFusion will provide users with access to…
By Ayomide Otitoju Pastor Chris Oyakhilome, founder of Christ Embassy, is reportedly presiding over a fast-growing business conglomerate that spans banking, healthcare, fintech and social media, in addition to leading one of Africa’s largest Pentecostal ministries. According to new findings circulating on social platforms, the church’s Department of Commerce serves as the operational hub for…
