By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPC Ltd.) has reported a Profit After Tax (PAT) of N5.4 trillion on a revenue of N45.1 trillion for 2024, marking a 64% increase from the N3.3 trillion PAT recorded in 2023. Bashir Ojulari, Group Chief Executive Officer, disclosed the results on Monday in Abuja while…
By Ayomide Otitoju The South African National Petroleum Company (SANPC) has entered the second stage of its establishment process as it advances toward full operational status, according to Nazeem Braaf, Executive in the Office of the CEO. Speaking at the G20 Africa Energy Investment Forum, hosted by the African Energy Chamber, Braaf said SANPC plans…
By Ayomide Otitoju Liquid C2, a business of African technology leader Cassava Technologies, has announced that its Cloudmania business won the 2025 Microsoft Partner of the Year Award for Egypt. The recognition places Cloudmania among a select group of global Microsoft partners honoured for excellence in innovation and implementation of customer solutions based on Microsoft…
By Ayomide Otitoju Senegal’s Ministry of Finance and Budget and the West African Development Bank (BOAD) have signed a Memorandum of Understanding (MoU) to establish a new strategic partnership aimed at strengthening the country’s public asset development and enhancing long-term financing capacity. The agreement introduces an innovative framework designed to bolster Senegal’s financing strategy, improve…
By Ayomide Otitoju MAX, the Nigerian mobility company founded in 2015, has marked its 10th anniversary with a reflection on its evolution from a small last-mile delivery startup in Lagos to a leading force in Africa’s transition to sustainable transportation. Over the past decade, the company has built the continent’s largest electric vehicle fleet, expanded…
By Ayomide Otitoju European and African leaders convened in Luanda, Angola, on Monday for a two-day summit focused on strengthening economic and security cooperation, even as urgent discussions on the Ukraine conflict overshadowed the gathering. France’s President Emmanuel Macron, Germany’s Chancellor Friedrich Merz, and Kenya’s President William Ruto are among leaders attending the meeting, which…
By Ayomide Otitoju Pressure on the naira persisted in the unofficial foreign exchange market on Monday, November 24, 2025, as rates weakened further compared to the official window. In the parallel market, dealers bought dollars from the public at between ₦1,450 and ₦1,460 and sold at ₦1,470 to ₦1,480 per dollar. Traders noted that slight…
By Ayomide Otito Union Bank of Nigeria has unveiled a new customer reward initiative designed to promote a stronger savings culture, deepen customer engagement, and expand the use of its digital banking platforms. The six-month campaign, tagged “Save & Gain,” is open to both new and existing customers. To participate, customers must open or reactivate…
By Ayomide Otitoju Zenith Bank Plc has awarded a total of ₦140 million to 10 African innovators at the fifth edition of its annual technology conference, Zenith Tech Fair, held on Thursday, November 20, 2025, at the Eko Convention Centre, Victoria Island, Lagos. Themed “Future Forward 5.0: Tech for Success – Innovate, Adapt, Accelerate,” this…
