South Africa’s National Treasury has suspended July funding transfers to 69 municipalities, including Johannesburg, citing financial mismanagement and the need to strengthen fiscal discipline. The Treasury said the decision, which affects municipalities across all nine provinces, is aimed at ensuring public funds are properly managed and improving financial accountability at the local government level. Municipalities…
By Ayomide Otitoju Africa’s richest businessman, Aliko Dangote, will build a 700,000 barrels-per-day (bpd) oil refinery in Kenya, with the facility to be located in Lamu, according to Dangote Industries Limited. The company’s Vice President for Oil and Gas, Edwin Devakumar, said the refinery will be constructed on Lamu Island, off Kenya’s coast, with completion…
By Ayomide Otitoju The Nigerian National Petroleum Company (NNPC) Limited has signed six strategic agreements with key industry partners at the ongoing 25th NOG Energy Week in Abuja, reinforcing efforts to drive gas-based industrialisation, strengthen energy security and accelerate economic growth. The agreements, executed on the sidelines of the conference, include a Memorandum of Understanding…
By Ayomide Otitoju The Federal Government has flagged off the construction of three interconnected mini-grid projects in the Kofare, Saminaka and Mbamba communities of Adamawa State, with a combined generation capacity of 13.5 megawatts, as part of efforts to expand electricity access to underserved communities. Speaking at the groundbreaking ceremony, the Minister of Power, Joseph…
By Ayomide Otitoju The Federal Government has reduced import levies on vehicles and several essential goods while introducing a new Green Tax as part of the 2026 Fiscal Policy Measures aimed at easing the cost of living, promoting environmental sustainability and supporting economic growth. The Nigeria Customs Service (NCS) announced on Wednesday that implementation of…
By Ayomide Otitoju JMG Limited has marked its 28th anniversary, celebrating nearly three decades of growth, innovation and transformation from a power solutions provider into one of Nigeria’s leading engineering and infrastructure solutions companies. The month-long celebration reflected on the company’s journey, recognised the contributions of its employees and reaffirmed its commitment to delivering innovative…
By Ayomide Otitoju The Group Chief Executive Officer of NNPC Limited, Engr. Bashir Bayo Ojulari, has called for stronger collaboration across Nigeria’s energy industry to unlock Africa’s vast energy potential, describing strategic partnerships as critical to driving investment, industrialisation and sustainable growth. Ojulari made the call while delivering the keynote address at the opening ceremony…
By Ayomide Otitoju Polaris Bank Limited says it has trained more than 6,200 journalists through its Annual Media Capacity Seminar over the past 12 years, reaffirming its commitment to promoting ethical journalism and equipping media professionals with skills to navigate the opportunities and challenges of artificial intelligence (AI). The bank disclosed this after hosting the…
By Ayomide Otitoju Dangote Cement Plc has reaffirmed its commitment to sustainable industrialisation, unveiling a comprehensive sustainability scorecard that places environmental, social and governance (ESG) principles at the centre of its strategy to become Africa’s most sustainable and globally competitive cement manufacturer. The company presented its 2025 Sustainability Scorecard at its 17th Annual General Meeting…
