By Ayomide Otitoju The European Central Bank (ECB) is expected to keep interest rates unchanged this week for a third consecutive meeting, as inflation stabilizes and the eurozone economy shows tentative signs of recovery. Following a year-long series of rate cuts, the ECB has maintained its key deposit rate at two percent since July. Inflation…
By Ayomide Otitoju President of Dangote Industries Limited, Aliko Dangote, has announced plans to expand the Dangote Petroleum Refinery’s capacity from 650,000 barrels per day (bpd) to 1.4 million bpd, with a commitment to higher Nigerian workforce participation and stronger national energy security. Speaking during a press conference in Lagos on Sunday, Dangote clarified that…
By Ayomide Otitoju Radisson Hotel Group has announced major strides in its global expansion, securing over 210 hotel openings and signings in 2025 as part of its transformation into one of the world’s leading hospitality brands. The Group’s rapid growth reflects its focus on serving the evolving needs of modern travelers while advancing sustainability and…
By Ayomide Otitoju The Islamic Development Bank (IsDB) Group Business Forum, THIQAH, actively participated in the 29th World Investment Conference (WIC) and the 8th Sharjah Investment Forum (SIF), held from October 22 to 23, 2025. Jointly organized by the World Association of Investment Promotion Agencies (WAIPA), the Sharjah FDI Office, and the UAE Ministry of…
By Ayomide Otitoju The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Engr. Bashir Bayo Ojulari, has stated that Nigeria and the NNPC Ltd are set to record significant progress in positioning natural gas as a pivotal driver of inclusive and sustainable national development. Ojulari made this known while congratulating Dr….
By Ayomide Otitoju The Global Agriculture and Food Security Program (GAFSP) has approved its first allocation from a new private sector financing window, providing $14 million in de-risking capital to the African Development Bank Group (AfDB) to catalyze $200 million in private investment aimed at boosting food security in low-income African countries. The funding, part…
. By Ayomide Otitoju The President and Chief Executive of Dangote Industries Limited, Aliko Dangote, has assured Nigerians of uninterrupted fuel supply and price stability during the upcoming festive season, despite recent increases in global oil prices. Highlighting the transformative impact of the Dangote Refinery, Dangote said the facility has begun reshaping Nigeria’s energy landscape…
By Ayomide Otitoju Polaris Bank has reaffirmed its commitment to supporting the growth of small and medium enterprises (SMEs) in Nigeria with the launch of the Yenagoa branch of Everyday Supermarket, one of the country’s leading retail chains. Speaking at the event, Chairman of Everyday Supermarket, Mr. Yemi Osindero, expressed delight at the brand’s expansion…
By Ayomide Otitoju Nigerian billionaire and industrial magnate Aliko Dangote has officially become the first African to attain a net worth of $30 billion, according to the latest Bloomberg Billionaires Index. The milestone follows a $430 million surge in his portfolio, rounding off a year of exceptional growth that added over $2.16 billion to his…
