By Ayomide Otitoju The Namibian Competition Commission has approved Horizon Corporation’s acquisition of an 80% stake in the Kombat Mine from Canadian firm Trigon Metals, marking a key step toward reviving operations at the historic copper site. The transaction, still subject to final authorization by the TSX Venture Exchange, has been welcomed as a model…
By Ayomide Otitoju Canadian mining firm B2Gold has projected gold production of between 970,000 and 1,075,000 ounces in 2025, with the majority of output expected from its operations in Mali and Namibia. The company said the guidance underscores its strategy to unlock greater value from Africa’s gold sector. B2Gold will showcase its projects at the…
By ayomide otitoju The Nigerian National Petroleum Company Limited (NNPC Ltd.) has joined African Energy Week (AEW): Invest in African Energies 2025 as a partner, reaffirming its commitment to shaping Nigeria’s energy future while deepening regional cooperation and investment across Africa. The event will be held from September 29 to October 3 in Cape Town,…
By Ayomide otitoju Zenith Bank Plc has reported a profit before tax of ₦625.63 billion for the half year ended June 30, 2025, on the back of strong growth in interest income and resilient asset quality. The Board approved an interim dividend of ₦1.25 per share, up 25 percent from the ₦1.00 declared in the…
By Ayomide Otitoju The African Export-Import Bank (Afreximbank), in partnership with the National Bank of Rwanda (BNR), will host the 2025 Afreximbank Compliance Forum (ACF2025) in Kigali from November 12–14, with a strong focus on how Artificial Intelligence (AI) is reshaping trade and compliance across Africa. Themed “Better Compliance – Better Trade: Embracing AI to…
By Ayomide Otitoju Dangote Petroleum Refinery has dismissed a request by the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) to raise petrol and diesel prices by ₦75 per litre, warning that such a move would push pump prices to as high as ₦950 for petrol and ₦1,090 for diesel in parts of the…
By Ayomide Otitoju Dangote Petroleum Refinery has accused the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) of demanding an annual subsidy of ₦1.505 trillion to enable its members to sell fuel at the same price as the refinery’s gantry. In a statement, the refinery said that although it makes products available to marketers…
By Ayomide Otitoju There was widespread jubilation on Wednesday, September 17, 2025, as Dangote Cement Plc’s Obajana Plant and the Jakura community signed a historic Community Development Agreement (CDA), paving the way for the implementation of mutually agreed social projects over the next five years. The agreement, one of several CDAs Dangote Cement has entered…
By Ayomide Otitoju Fidelity Bank Plc has announced a three-month extension of its flagship savings campaign, the Get Alert in Millions (GAIM) Season 6 promo, now set to run until November 30, 2025. The lender also increased the total cash rewards from ₦159 million to a record ₦189 million. The decision, the bank said, was…
