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…
By Ayomide Otitoju MTN Group has achieved a historic milestone, becoming the first African telecommunications operator to surpass 300 million subscribers across its markets. The achievement was announced by Group President and CEO, Ralph Mupita, during the company’s annual Ambassadors’ Appreciation Dinner. The feat marks a major success in MTN’s Ambition 2025 strategy, which set…
By Ayomide Otitoju Access Holdings Plc has announced gross earnings of ₦2.5 trillion for the half-year ended June 30, 2025 — a 13.8% increase from ₦2.2 trillion recorded in the same period of 2024. According to the Group’s audited financial results released on Friday, the performance reflects the strength of its diversified business model, resilience…
By Ayomide Otitoju Philip Mshelbila, Managing Director of Nigeria LNG Limited, has been elected Secretary-General of the Gas Exporting Countries Forum (GECF), succeeding outgoing Secretary-General Mohamed Hamel. The GECF, a key platform uniting major gas producers worldwide, promotes dialogue and advances global energy security. Mshelbila’s appointment underscores Africa’s growing prominence in global gas discussions and…
By Ayomide Otitoju The Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group, and Hamkorbank, a joint-stock commercial bank with foreign capital, have strengthened their partnership by signing an increase in their Line of Trade Financing Agreement with an additional US$30 million. The signing ceremony took place at ITFC Headquarters…
