By Ayomide Otitoju The Board of Directors has approved a $10 million trade finance transaction guarantee facility for Exim Bank Tanzania Limited to strengthen the country’s private sector and de-risk cross-border trade. The African Development Bank (AfDB) said the facility will provide up to 100 percent guarantees to international confirming banks against non-payment risks, enabling…
By Ayomide Otitoju Rite Foods Limited, a leading Nigerian food beverage company, has secured three prestigious accolades at the 2025 Edge Awards, formerly known as the Marketing Edge Awards, underscoring its commitment to quality, innovation, and consumer trust. The company’s award-winning brands and corporate identity include: Outstanding Carbonated Soft Drink Brand of the Year –…
By Ayomide Otitoju India has signed a $7 billion agreement to acquire 97 indigenously designed Tejas fighter jets as the country phases out its ageing fleet of Russian-made MiG-21 aircraft. The Ministry of Defence announced on Thursday that the contract with Hindustan Aeronautics Limited (HAL) covers 68 single-seat fighters and 29 twin-seat variants of the…
By Ayomide Otitoju Toyota, the world’s top-selling carmaker, has officially opened its high-tech experimental village in Japan, designed as a hub for testing autonomous driving, robotics, and other futuristic innovations. The project, known as “Woven City,” is built on the site of a former Toyota factory at the base of Mount Fuji. It will initially…
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPC Ltd) has described its re-entry into Ogoniland as a historic turning point for Nigeria, reflecting the broader vision of President Bola Tinubu’s Renewed Hope Agenda. In a statement issued on Friday by its Chief Corporate Communications Officer, Andy Odeh, the company said the milestone demonstrates…
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…
