By Ayomide Otitoju Africa’s flagship trade and investment platform, the Intra-African Trade Fair (IATF), is transitioning into a permanent continental institution with its headquarters in Harare, Zimbabwe, to further accelerate economic integration across the continent. The new body, the Intra-African Trade Fair Company (IATFCO), was officially unveiled during the 2025 edition of the fair in…
By Ayomide Otitoju Telecommunications giant Globacom has announced its sponsorship of the 2025 edition of the Ofala Festival, scheduled to hold in Onitsha, Anambra State, this October. The annual cultural celebration, a customary rite performed by His Royal Majesty, Igwe Nnaemeka Achebe, the Obi of Onitsha, will span two days — Iru Ofala on October…
By Ayomide Otitoju The Dangote Petroleum Refinery has addressed reports on its ongoing internal reorganisation, stressing that the exercise is a necessary measure to safeguard operations against repeated acts of sabotage. In a statement, the company said the restructuring is aimed at protecting the refinery from safety risks and operational inefficiencies linked to sabotage across…
By Ayomide Otitoju Group Chairman of First HoldCo Plc, Olufemi Otedola, has expanded his stake in the financial services group with the acquisition of additional shares worth over ₦2 billion. According to a disclosure filed with the Nigerian Exchange (NGX) on Thursday, Otedola purchased 39,313,379 units valued at ₦1.21 billion at ₦31 per share in…
By Ayomide Otitoju Electricity Distribution Companies (DisCos) installed 148,077 meters for customers nationwide in May and June 2025, according to the Nigerian Electricity Regulatory Commission (NERC). A metering factsheet released Wednesday showed that 63,180 customers were metered in May and 84,897 in June, bringing the total number of metered customers to 6,422,933 as of June….
The United States confirmed Wednesday it is in negotiations with Argentina on a $20 billion economic support program, a move that boosted markets and offered relief to President Javier Milei ahead of critical midterm elections. U.S. Treasury Secretary Scott Bessent said discussions include a potential “$20 billion swap line” and Treasury purchases of Argentine dollar…
By Ayomide Otitoju A new three-day investment forum dedicated to driving resources development and regional cooperation across the Caribbean has been officially launched by Energy Capital & Power, Sheriff Consultancy, Colibri Business Development, and Elite D’Fam. The Caribbean Energy & Resources Week (CEW) will take place from March 30 to April 1, 2026, at the…
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPCL) received ₦318.05 billion between January and August 2025 for frontier oil exploration, even as concerns mount over declining oil revenues and widening budget gaps. Documents from the September Federation Account Allocation Committee (FAAC) meeting showed the funds were monthly deductions representing 30% of Production Sharing…
By Ayomide Otitoju In commemoration of the International Day of the Girl Child, Glo Foundation, the corporate social responsibility arm of Globacom, has announced a multimillion-naira initiative to encourage Nigerian girls to pursue careers in Science, Technology, Engineering, and Mathematics (STEM). The Foundation unveiled the “Glo Innov8” National STEM Competition for Girls in Senior Secondary…
