By Ayomide Otitoju Concessional financing from the African Development Fund (ADF) is significantly transforming Zambia’s agriculture and education sectors, strengthening food security, enhancing learning infrastructure, and fostering peace and regional competitiveness. ADF deputies, currently meeting in Lusaka for the Fund’s 17th replenishment discussions, visited two flagship projects on Tuesday — the new Nitrogen Chemicals of…
By Ayomide Otitoju The African Development Fund (ADF) has reaffirmed its crucial role in advancing sustainable growth across Africa’s low-income countries, according to the 2025 ADF-16 Delivery and Results Report released during the third meeting on the ADF-17 Replenishment in Lusaka, Zambia, from October 7–9, 2025. Titled “Driving Inclusive Growth: Strategic Investments for Impactful Results,”…
By Ayomide Otitoju Razzl, a carbonated drink brand from Ultimum Limited, partnered with the Kanu Heart Foundation to commemorate this year’s World Heart Day with a health awareness walk in Owerri, Imo State. In a statement, the company said Nigerian football legend and founder of the Kanu Heart Foundation, Nwankwo Kanu—who also serves as Razzl’s…
By Ayomide Otitoju Airtel Africa Foundation, through Airtel Nigeria, has launched the Undergraduate Tech Scholarship Programme to support 100 Nigerian students pursuing degrees in information and communication technology (ICT) fields. Announcing the initiative at a world press conference in Lagos, Airtel Africa Chairman, Dr. Segun Ogunsanya, said the scholarship covers tuition, accommodation, study materials, and…
By Ayomide Otitoju Dangote Industries Limited has once again been named Nigeria’s most valuable brand, topping the 2025 edition of the Top 50 Brands Nigeria ranking unveiled on Thursday in Lagos. The announcement was made during the Brand Nigeria Leadership Forum held at Eko Atlantic City, where Dangote led with a Brand Strength Measurement (BSM)…
By Ayomide Otitoju The Federal Government and the Manufacturers Association of Nigeria (MAN) have renewed their commitment to tackling challenges in Nigeria’s export sector, revamping the Export Expansion Grant (EEG) scheme, and boosting non-oil exports to drive economic growth. Speaking at the Annual General Meeting of the Manufacturers Association of Nigeria Export Promotion Group (MANEG)…
By Ayomide Otitoju The Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, says the 650,000-barrel-per-day Dangote Refinery has begun reshaping Nigeria’s petroleum supply landscape, delivering an average of 20 million litres of fuel daily into the domestic market. Ahmed disclosed this on Thursday in Lagos during the Association of…
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPCL), Sahara Group, Eroton E&P, and Bilton Energy Limited have jointly commissioned Nigeria’s first wholly owned 2.2 million-barrel capacity Floating Storage and Offloading (FSO) vessel, marking a significant milestone in the nation’s oil and gas industry. Named FSO Cawthorne, the facility is Nigeria’s first crude oil…
By Ayomide Otitoju Verdant IMAP has announced its role as sole financial advisor and arranger to Ctrack Holding in the successful completion of a USD 23.4 million (ZAR 406 million) equity raise, led by Sanari Capital and 27four Investment Managers—two leading South African investment firms with strong B-BBEE credentials. The investment will accelerate Ctrack’s global…
